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Natural Capital Account 2017-2018

In August 2018, we released Forest Enterprise’s third Natural Capital Account. We were the first in the world to produce an NCA for an organisation for our size, back in 2015/16, and we’ve continued the forward thinking work each year by improving upon the last.

Natural Capital Accounting (NCA for short) is a transparent way of quantifying the value of our 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 in the Asset Register section of the NCA.

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 and types 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 you’ll find on the Balance Sheet.

• Natural Capital Account 2017-2018

For more information contact Miranda.winram@forestry.gsi.gov.uk or Jacob.waller@forestry.gsi.gov.uk

 

Last updated: 8th September 2018