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Natural Capital Account 2016-2017

2017 saw the production of Forest Enterprise England’s second Natural Capital Account. We are the first in the world to produce an NCA for an organisation for our size.

Natural Capital Accounting (NCA for short) is a transparent way of quantifying the value of natural assets beyond what you would see in a typical financial account. So, whereas the income from car parking and timber will be included in our annual accounts, in our NCA we’re also interested in the bigger picture value of recreation and well-being our woods bring to people, and the amount of atmospheric carbon our trees are locking up. For more technical detail on the background to NCA see Appendix 1 of the current FEE NCA.

An important element in Natural Capital Accounting is the transparent way in which we present this: we think it is important that you know how well we are caring for and managing these natural assets, so we’ve included a breakdown of habitat conditions and trends to show you the most up to date developments.

From the condition of the SSSIs in our care, and the nativeness of our ancient woodlands, to the accessibility of the public forest estate and the length of recreational routes through our woods: our Natural Capital Account asset register gives an in depth view of the elements that drive the headline figures

What's new?

We are already planning the production of 2017-18’s Natural Capital Account.

We are working out whether we are able yet to include the value of additional benefits like air pollution or flood mitigation in future years’ accounts, as well as trialling whether adding natural capital factors into some of our internal processes helps our decision making.

For more information contact Miranda Winram

Last updated: 2nd February 2018