The World Bank and 42 of the world's largest financial institutions are collaborating to create a system that will enable them to deny credit to corporations that abuse natural resources and harm the environment. The group includes 39 banks that took part in a working group at last year's UN Conference on Sustainable Development, according to The Daily Climate. At the UN event, the 39 wrote up what they call the Natural Capital Declaration — a document that defines natural capital as "Earth's natural assets (soil, air, water, flora and fauna), and the ecosystem services resulting from them, which make human life possible."
via The Verge - All Posts http://www.theverge.com/2013/8/31/4677496/banks-natural-capital-declaration-un-environment-credit
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