Recorded: Thursday 14 July 2022

Timing: 10:00-11:30 (BST)

This webinar celebrates the one-year publication of BS 8632:2021 Natural Capital Accounting for Organizations. Specification.

Hear from Transport for London (TfL), Northumbrian Water, and Olam Food Ingredients (OFI) as they discuss how the Natural Capital Accounting standard was applied to their business. This webinar will explore both national applications of the Natural Capital Accounting standard, as well as international case studies. We will discover how these organizations ran their Natural Capital Account, the advantages and challenges of applying the standard, and what they learned along the way.

Join us to get a deeper understanding of how BS 8632 can be applied effectively in your business today.

Who is this webinar for?

This standard applies to organizations of all types and sectors, of any size. This webinar is for those who are already using the standard, and those who are considering using it and are curious to learn how to apply the standard in their business.

People with a particular interest in this webinar would include those in finance; management accounting; auditing; investors and investment management; strategic planning and risk management; sustainability; and environmental management teams of an organization.

There will also be a live Q&A at the end of the webinar, where you can ask your questions to the experts who developed the standard. Share them in advance as you register or submit them during the event.

What will participants gain?

• Increased knowledge and clarity on BS 8632 and how your businesses can apply the standard
• Expert insights and real-life case studies on how natural capital accounts can be interpreted for strategic, operational and investment decisions
• The opportunity to ask questions of our natural capital accounting experts
• A post-webinar copy of the recording of the webinar

Agenda

• Welcome and introduction - Speaker: Jasnam Channe - Lead Standards Development Manager, Environmental Sustainability, BSI
• What is BSI – Speaker: Jasnam Channe - Lead Standards Development Manager, Environmental Sustainability, BSI
• Background of BS 8632 – Speaker: Ece Ozdemiroglu - Founding Director, Economics for the Environment Consultancy (eftec)
• Case studies:

1. 1. 1. TFL – Speaker: Monika Kiss - Environmental Manager, Transport for London
      2. Northumbrian water – Speaker: Miranda Cooper -Conservation & Land Manager (South), Northumbrian Water  
      3. OFI – Speaker: Ria Bakshi - General Manager & Lead - Finance for Sustainability, OFI

• Open panel discussion
• The future of the standard – Speaker: Stephanie Hime - Director, Little Blue Research Ltd
• Q&A Session – all panellists
• Closing Remarks

Dr Stephanie Hime is the managing director of Little Blue Research a consultancy that helps companies understand their environmental and social impacts.  She is an experienced sustainability professional with an in-depth knowledge of environmental economics and social impact analyses and their application for decision making. Stephanie is part of the Capitals Coalition Advisory Board and the BSI sub-committee on Assessing and Valuing Natural Capital, SES/1/7.

Ece Ozdemiroglu, founding director of eftec (Economics for the Environment Consultancy), is an environmental economist specialising in natural capital accounting. Her work spans many sectors including farming, forestry and water. She is a member of the ISO Climate Change Committee – Adaptation and Committee Chair of the British Standards Institution’s Assessing and Valuing Natural Capital sub-committee, SES/1/7.

Jasnam Channe is the Lead Standards Development Manager for Environmental Sustainability at BSI, the UK’s National Standards Body. Along with managing the national committee on Assessing and Valuing Natural Capital, she is also the committee manager to the national committees on Environmental Management, Biodiversity, and Sustainable Finance.

Miranda manages 2,900 hectares for Northumbrian Water Group, working to enhance the holding for its conservation value.  She leads a team providing expert ecological advice on projects and incorporating requirements such as biodiversity net gain.  She led on the project to produce the company’s corporate natural capital accounts, working with consultancy eftec, and is now working with others to see how the learning from that can be used to inform decision making and to demonstrate the value created by Northumbrian Water for society, the economy and the environment.  Based in NWG’s Essex and Suffolk Water operating area, Miranda started her career with the business in 1996 working in water treatment before moving to roles focused on the environment and conservation.

Ria is a sustainability & impact valuation specialist with more than 10 years of experience in the areas of Sustainability Strategy, Reporting, Assurance, Multi Capital Accounting (Natural, Social & Human), TCFD & GHG Accounting. She is a Masters in Environment & Development from Indian Institute of Forest Management and received advanced professional certification on Leading Strategic Growth from Columbia Business School. Along with her consulting & corporate experience, Ria also possesses hands on experience in working with non-profit organizations & social enterprises.

Ria is currently leading the Finance for Sustainability (F4S) team in Olam Food Ingredients (ofi), Singapore, which is uniquely set up in the Finance function. F4S work involves establishing a financial link to Sustainability through Multi-Capital Accounting methodologies.

Her work takes the concept of sustainability measurement to an elevated level by measurement of non-financial capitals (such as Natural Capital) for better decision-making and their contribution towards long-term value. Her aim is to institutionalise an integrated approach towards risk & opportunity and ensuring the non-financial capitals form a part of business decisions.

Ria has been presenting on Natural Capital Accounting at several national and international seminars & workshops. She has also conducted multiple trainings on Sustainability Reporting, UNGC Principles, Social Return on Investment and Corporate Sustainability practices.  She represents ofi in multiple external platforms such as GFFN Catalyst Group on Metrics, Capitals Coalition, WBCSD’s True Value of Food & Nature Positive workstream and TNFD (WG3).

Monika Kiss is an environmental manager at TfL with more than 10 years of experience in the transport sector. She has a Masters in Environmental Management for Business from Cranfield University. She is a Chartered Environmentalist and full member of IEMA.

She was involved in various construction schemes throughout the years ranging from small/medium scale embankment stabilisation projects to large scale ones such as Bond Street/ Tottenham Court road station upgrade, Bakerloo Line Link, Northern Line Extension.

After coming back from maternity leave in 2021, she is working in the strategic environment team at TfL with particular focus on climate change adaptation and green infrastructure.

In the last year, she was leading on the development of the first pan TfL natural capital account with the aim of embedding it to the organisation’s management processes and maximising benefits TfL’s natural capital delivers. She is keen to integrate this new concept to the decision making process and raise awareness about its importance.