Recognizing the Financial Value Provided by Natural Assets in a Changing Climate
The services that nature provides for 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. Getting Nature on the Balance Sheet: Recognizing the Financial Value Provided by Natural Assets in a Changing Climate, 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.
