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NATURAL CAPITAL ACCOUNTANCY TO IMPROVE REPORTING AND ENVIRONMENTAL PERFORMANCE

Project information

Grant agreement ID: 888218

Status

Ongoing project

  • Start date

    1 December 2019

  • End date

    31 May 2020

Funded under:

H2020-EU.3.

H2020-EU.2.3.

H2020-EU.2.1.

  • Overall budget:

    € 71 429

  • EU contribution

    € 50 000

Coordinated by:

CREANDO REDES-NATCAP SL

Spain

Objective

Important investment decisions are more and more dependent on companies’ environmental performance and the quality of companies’ external environmental reporting. Thus, the biggest companies around the world disclose their sustainability performance to some degree and listed companies worldwide are increasingly aware of their impacts on the environment. There is a clear need of comprehensive tools to quantify the impacts of companies on natural capital and to help companies mitigate or compensate such impacts, so they keep up with the high environmental reporting standards. Existing solutions oriented to measure and reduce natural capital impacts neither provide an integrated measurement of the impact in terms of ecosystem services nor bring support to improve environmental performance. These tools are usually focused in single sectors and work only at narrow spatial scales (e.g. UK, European). In addition, any of them incorporates natural capital net loss and ecosystem degradation measures and its economic, hindering a more sustainable decision-making To bridge the gap between decision making levels around no-net-loss of natural capital, we, Creando Redes, have designed COUNTMITMENT: an online software that enables companies and public authorities to calculate and compensate the natural capital net debt that every industrial activity in any place can incur COUNTMITMENT will have a deep impact in our company, as we estimate that it will yield a turnover of €7.12M, cumulated profits of €2.85M, 10 new direct jobs and a ROI of 2.01 three years after commercialization, reaching the payback during the second year.
Leaflet | Map data © OpenStreetMap contributors, Credit: EC-GISCO, © EuroGeographics for the administrative boundaries

Coordinator

CREANDO REDES-NATCAP SL

Address

Avda Del Manzanares 154 6 C
28019 Madrid

Spain

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 50 000

Project information

Grant agreement ID: 888218

Status

Ongoing project

  • Start date

    1 December 2019

  • End date

    31 May 2020

Funded under:

H2020-EU.3.

H2020-EU.2.3.

H2020-EU.2.1.

  • Overall budget:

    € 71 429

  • EU contribution

    € 50 000

Coordinated by:

CREANDO REDES-NATCAP SL

Spain