Almost all economic activities are dependent on 'natural capital' in some form or another. Natural capital refers to the stocks of the Earth's natural assets and resources, such as soil,water, air and biodiversity. Indeed, for business operations to successfully function long-term,and for human well-being to be sustained, this resource base must be maintained or restored. Conducting a Natural Capital Assessment demonstrates the key linkages between priority sector activities and the status and trends of natural capital in a planning unit. This helps to inform decision-making that supports long-term sustainable and inclusive economic growth; in turn, generating green jobs, reducing poverty and addressing ecological scarcity and environmental risks.
