World-first catalogue released as global biodiversity conference begins
The Climateworks Centre at Monash University has launched the Natural Capital Measurement Catalogue (NCMC), a world-first resource to support the consistent measurement of natural capital. This open-source, scientifically rigorous tool was developed over four years in collaboration with experts, industry, government, and research stakeholders.
The NCMC aims to help businesses, particularly in the agricultural value chain, better understand, measure, and report their natural capital, which is crucial as more than half of the world's GDP is dependent on nature. The launch coincides with the 16th global United Nations Biodiversity Conference of the Parties (COP16) in Colombia.