Accounting for Nature has joined up with global intelligence company, NatureMetrics, to enhance corporate nature measurement and reporting with “standardisation and scientific rigour”.
To achieve this, the collaboration aims to support the scalability of international investments in nature recovery and conservation while ensuring accountability and fairness in nature markets through independent certification of nature-related metrics.
NatureMetrics’ methods will be assessed against Accounting for Nature’s method accreditation criteria, including review by its Independent Science Committee, to ensure accurate and robust measurement, reporting and verification of a company’s biodiversity impacts. This can help companies gain a clear picture of the state of natural environments and make nature-positive decisions.
Ahead of this year’s COP16, governments, NGOs and corporations are gearing up to achieve nature-related goals, making robust measurement and assessment of nature “crucial”, according to the two partners.
Pippa Howard, chief nature strategist at NatureMetrics, commented: “Protecting nature and reversing the impacts of human activity are challenging tasks if we don’t have a clear and accurate understanding of the current state of our environments. This opportunity enhances our collective ability to provide robust and scientifically accurate solutions, enabling nature positive action and better decision-making.”
“Collaboration is vital to making significant changes to nature,” added Adrian Ward, CEO at Accounting for Nature.
“By working with NatureMetrics, we are combining our strengths and expertise to create more accurate and reliable measure of the state of nature. This will allow us to continue to evolve the accuracy and transparency of environmental accounting standard setting across the industry and ensure that companies have access to the most reliable information available.”
