{"id":375309,"date":"2024-10-20T02:42:59","date_gmt":"2024-10-20T02:42:59","guid":{"rendered":"https:\/\/pdfstandards.shop\/product\/uncategorized\/bs-86322021\/"},"modified":"2024-10-26T04:45:08","modified_gmt":"2024-10-26T04:45:08","slug":"bs-86322021","status":"publish","type":"product","link":"https:\/\/pdfstandards.shop\/product\/publishers\/bsi\/bs-86322021\/","title":{"rendered":"BS 8632:2021"},"content":{"rendered":"

This British Standard provides specifications and guidance for the process of preparing natural capital accounts including minimum requirements for defining the scope of an account and the material impacts and dependencies; and documenting the data and process used to prepare the natural capital account.<\/p>\n

There are two key accounting outputs of natural capital accounts prescribed \u2013 each with supporting schedules:<\/p>\n

    \n
  1. \n

    a Natural Capital Balance Sheet showing the organization\u2019s dependency on natural capital assets; and<\/p>\n

    \n

    NOTE 1 Scope 1 includes the natural capital assets the organization owns or has legal or voluntary responsibility for. Scope 2 includes other natural capital assets. Assets that are not owned by anyone might be included in Scope 1 or Scope 2 depending on the organization and materiality of its impacts and dependencies.<\/p>\n<\/blockquote>\n<\/li>\n

  2. \n

    a Natural Capital Income Statement showing the positive and negative impacts of the organization on natural capital assets.<\/p>\n

    \n

    NOTE 2 Scope 1 includes the impacts from the organization\u2019s own operations. Scope 2 includes the impacts attributed to the organization through the operations of its value chain.<\/p>\n<\/blockquote>\n<\/li>\n<\/ol>\n

    This British Standard is applicable to organizations of all types (public, third sector and listed and unlisted private) across all sectors, and of any size (such as SMEs and larger businesses) and to one or more sites in which they operate. A group of organizations dependent on the same natural capital assets, or considering collaborating to change their impacts, may produce joint natural capital accounts. This standard is applicable internationally.<\/p>\n

    This British Standard is intended to be used by those who will be preparing the natural capital accounts. These could be environmental and sustainability professionals, accountants, economists and others working in collaboration.<\/p>\n

    The natural capital account aims to provide beneficial information to managers of organizations, and their stakeholders such as investors, auditors and those responsible for assurance, certification bodies, regulators\/policy makers, customers and the wider public. The standard recognizes that the process of preparing the accounts could be as informative as the results presented in the accounting outputs.<\/p>\n

    This British Standard does not apply to national or sector-wide natural capital accounts, which are covered by the UN System of Environmental-Economic Accounting \u2013 Ecosystem Accounting (UN SEEA-EA) [1] within the context of the System of National Accounts.1<\/sup><\/p>\n

    Although the primary focus of the UN SEEA-EA is on nation-wide accounts, many of its principles and methods are relevant to, and can be applied to, organizational natural capital accounts. The data gathered by national authorities for UN SEEA-EA can also be used by organizations.<\/p>\n

    PDF Catalog<\/h4>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    PDF Pages<\/th>\nPDF Title<\/th>\n<\/tr>\n
    5<\/td>\nForeword <\/td>\n<\/tr>\n
    7<\/td>\n0 Introduction <\/td>\n<\/tr>\n
    8<\/td>\n1 Scope <\/td>\n<\/tr>\n
    9<\/td>\n2 Normative references
    3 Terms and definitions <\/td>\n<\/tr>\n
    15<\/td>\n4 Principles
    4.1 General
    4.2 Rigour
    4.3 Completeness <\/td>\n<\/tr>\n
    16<\/td>\n4.4 Consistency
    4.5 Credibility
    4.6 Relevance
    4.7 Transparency
    5 Natural capital accounting outputs and scopes
    5.1 Scope 1 (S1) and Scope 2 (S2) <\/td>\n<\/tr>\n
    17<\/td>\nTable 1 \u2014 Key differences between accounting outputs, Scope 1 and Scope 2
    5.2 Scopes for a Natural Capital Balance Sheet <\/td>\n<\/tr>\n
    19<\/td>\n5.3 Scopes for a Natural Capital Income Statement <\/td>\n<\/tr>\n
    20<\/td>\n6 The process of preparing a natural capital account
    6.1 General <\/td>\n<\/tr>\n
    21<\/td>\n6.2 Identify the purpose of the natural capital account <\/td>\n<\/tr>\n
    22<\/td>\n6.3 Identify and plan involvement of stakeholders
    6.4 Undertake materiality assessment <\/td>\n<\/tr>\n
    23<\/td>\n6.5 Select the natural capital accounting output <\/td>\n<\/tr>\n
    24<\/td>\n6.6 Collect data and conduct data quality assessment <\/td>\n<\/tr>\n
    26<\/td>\n6.7 Prepare the natural capital account and supporting schedules <\/td>\n<\/tr>\n
    30<\/td>\nTable 2 \u2014 Natural Capital Balance Sheet <\/td>\n<\/tr>\n
    31<\/td>\nTable 3 \u2014 Showing the changes between two or more Natural Capital Balance Sheets prepared for the same organization over different accounting periods <\/td>\n<\/tr>\n
    33<\/td>\nTable 4 \u2014 Natural Capital Income Statement
    7 Documentation, interpretation and integration
    7.1 Documentation <\/td>\n<\/tr>\n
    35<\/td>\nFigure 1 \u2014 Documenting the natural capital accounting process and outputs \u2013 suggested report structure
    7.2 Interpretation <\/td>\n<\/tr>\n
    36<\/td>\n7.3 Integration <\/td>\n<\/tr>\n
    38<\/td>\nAnnex A (informative)\u2002 Putting natural capital accounts into context: Financial accounts and natural capital assessments or appraisals <\/td>\n<\/tr>\n
    39<\/td>\nTable A.1 \u2014 Coverage of various reporting\/analysis methods <\/td>\n<\/tr>\n
    40<\/td>\nTable A.2 \u2014 Comparison of accounting and appraisal <\/td>\n<\/tr>\n
    41<\/td>\nAnnex B (informative)\u2002 Materiality assessment <\/td>\n<\/tr>\n
    43<\/td>\nTable B.1 \u2014 An example of how benefits from natural capital can be ranked based on significance
    Annex C (informative)\u2002 Illustrating the choice of natural capital account and scope
    Table C.1 \u2014 Deciding the scope of natural capital account by ownership of assets and impacts of operation <\/td>\n<\/tr>\n
    44<\/td>\nTable C.2 \u2014 Choice of natural capital account and scope <\/td>\n<\/tr>\n
    45<\/td>\nAnnex D (informative)\u2002 A hypothetical case study of a Natural Capital Balance Sheet and a Natural Capital Income Statement <\/td>\n<\/tr>\n
    46<\/td>\nTable D.1 \u2014 Example Natural Capital Balance Sheet \u2013 Scope 1 <\/td>\n<\/tr>\n
    48<\/td>\nTable D.2 \u2014 Example Natural Capital Income Statement \u2013 Scope 1 <\/td>\n<\/tr>\n
    51<\/td>\nBibliography <\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

    Natural Capital Accounting for Organizations. Specification<\/b><\/p>\n\n\n\n\n
    Published By<\/td>\nPublication Date<\/td>\nNumber of Pages<\/td>\n<\/tr>\n
    BSI<\/b><\/a><\/td>\n2021<\/td>\n54<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"featured_media":375319,"template":"","meta":{"rank_math_lock_modified_date":false,"ep_exclude_from_search":false},"product_cat":[2641],"product_tag":[],"class_list":{"0":"post-375309","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-bsi","8":"first","9":"instock","10":"sold-individually","11":"shipping-taxable","12":"purchasable","13":"product-type-simple"},"_links":{"self":[{"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/product\/375309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/types\/product"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/media\/375319"}],"wp:attachment":[{"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/media?parent=375309"}],"wp:term":[{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/product_cat?post=375309"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/pdfstandards.shop\/wp-json\/wp\/v2\/product_tag?post=375309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}