Understanding the US Strategy to Put Nature on the Nation's Balance Sheet

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The US has a new strategy to put nature on the nation's balance sheet
The Biden administration released a document titled the National Strategy to Develop Statistics for Environmental Economic Decisions
The strategy sets forth an agenda for the US government to put natural capital into official accounting data
This will integrate natural capital into the accounting of the country's total economic output.

We’re seeing more companies and countries start to account for the value of nature. In this episode of ESG Insider, we'll hear from two people well-placed to explain how the world has historically done little to understand the way nature benefits the economy — and how that is now evolving.

For the global perspective, we talk with Martin Lok, Executive Director of the Capitals Coalition, a global collaboration that advocates for companies to identify, measure and value their impacts and dependencies on natural capital, social capital and human capital.

We also explore how the US is moving to put nature on the nation's balance sheet. The Biden administration announced the strategy in January 2023 with the goal of better understanding how nature contributes to the US economy. To learn more about what this strategy entails, we talk with Aniket Shah, Managing Director and Global Head of Environmental, Social and Governance and Sustainability Research at the financial services company Jefferies Group.

Photo source: Getty Images

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