As the world’s largest beverage company, The Coca-Cola Company (TCCC) has the responsibility to protect water resources and provide leadership on water stewardship. Therefore in 2007, TCCC committed to safely return to communities and to nature the equivalent of all the water they use in their products and processes by 2020.
In August 2016, TCCC was able to announce that they have achieved their goal to be ‘water neutral’ in 2015, five years ahead of the original target. To further enhance TCCC´s water stewardship, they were looking for new ways to create more value for nature and society. One of these draws on the pioneering work being done on accounting for and managing Natural Capital.
Natural Capital defines the benefits that people and economies derive from nature. The concept of Natural Capital has emerged in recent years as a mean to assess the net impact of a company or project on the environment, using a defined set of data.
In 2015, TCCC and denkstatt started working on the “Natural Capital Accounting” project. Within this project denkstatt was responsible to lead the ecosystem service project following the methodology of the Natural Capital Coalition, including the collection of feedback from relevant stakeholders.
In July 2016, the results of the “Natural Capital Accounting” project were officially presented in London.
We´re delighted to present you the “Natural Capital Accounting” white paper.