Skanska’s implementation of the Natural Capital Protocol (NCP) is part of its wider “Accounting for Sustainability” strategy. The overarching goal of the strategy is to integrate social and natural capital into decision-making alongside financial capital. Ultimately, the intention is to use the results to inform strategic decisions that enable the company to fulfil its purpose to build for a better society. This includes decisions at corporate and project levels that can encourage investment in sustainability activities and aid communicating their benefits to key stakeholders.
There were a number of specific value drivers for the approach, including:
Implementing the NCP has helped us realize a number of key benefits and findings, including:
Skanska’s work around natural capital sits alongside social capital and forms part of a wider Accounting for Sustainability strategy.
A case study on Skanska’s work on social capital is available at SocialCapital.org.