2022 – Intact Centre on Climate Adaptation, KPMG & Municipal Natural Assets Initiative
This new paper calling for recognition of the financial value provided by natural assets, co-authored by the University of Waterloo’s Intact Centre on Climate Adaptation, KPMG and the Municipal Natural Assets Initiative, argues for a revamp of accounting rules to safeguard natural resilience.
The services that nature provides to Canadians are not routinely valued in investment decisions, asset management or financial reporting. As a result, economic decisions continue to lead to the degradation of natural assets, such as rivers, wetlands, and forests. To tackle the dual crises of climate change and biodiversity loss, the United Nations is urging G20 countries (like Canada) to triple their investment in nature-based solutions by 2030.
Go to Resource: Getting Nature on the Balance Sheet: Recognizing the Financial Value Provided by Natural Assets in a Changing Climate