TEEB for Business Coalition
= "a global, multi stakeholder platform formed to develop and support the uptake of natural capital accounting in business decision-making".
Launched in November 2012, The TEEB for Business Coalition is a global, multi stakeholder platform formed to develop and support the uptake of natural capital accounting in business decision-making. The vision of the TEEB for Business Coalition is to support a transformative shift in corporate behaviour to preserve and enhance rather than deplete natural capital. The Coalition is the business application of G8 and United Nations Environment Programme supported TEEB (The Economics of Ecosystems and Biodiversity) programme. TEEB provides a compelling economic case for the conservation of natural capital and is the cornerstone of current Green Economy policy. The Coalition founding organisations and supporters include the World Business Council for Sustainable Development (WBCSD), The Institute of Chartered Accountants in England and Wales (ICAEW), H.R.H. The Prince of Wales's Accounting for Sustainability Project, Global Reporting Initiative, Corporate Eco Forum, Business for Social Responsibility, International Federation of Accountants, Conservation International, International Union for Conservation of Nature (IUCN), WWF and Global Initiatives. From international and government, supporters include the United Nations Environment Programme, the International Finance Corporation and the World Bank. From business supporters include Puma, Deutsche Bank, FMO Dutch Development Bank, Deloitte, Ernst & Young, International Federation of Accountants (IFAC) and Chartered Institute of Management Accountants (CIMA).