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BS ISO 14054:2025 Natural Capital Accounting for Organizations - Principles, requirements, and guidelines is an international standard that defines how organizations can systematically measure, report, and integrate their impacts and dependencies on natural capital - such as forests, soil, water, air, and biodiversity - into decision-making and financial planning.
It provides a structured method for developing two key accounting outputs:
These tools allow organizations to shift their view to see nature as an investable asset critical to long-term resilience and value creation.
BS ISO 14054 is intended for professionals responsible for preparing natural capital accounts. This includes environmental and sustainability professionals, accountants, economists, and others with relevant ecological, economic, and interdisciplinary knowledge, typically working in collaboration.
While the preparation is targeted at these technical roles, the resulting natural capital accounts are designed to inform a broader audience. This includes organizational managers, as well as interested parties such as:
The process of preparing the accounts is as valuable as the outcomes themselves, offering insights that support decision-making, risk management, and nature-positive strategies.
BS ISO 14054:2025 sets out the principles, terminology, requirements, and guidance for preparing natural capital accounts at the organizational level. It aims to support a transparent, repeatable process that generates useful insights for decision-making by combining financial, environmental, and socio-economic data.
It introduces a dual-scope structure for both the Natural Capital Income Statement (NCIS) and the Natural Capital Balance Sheet (NCBS), distinguishing between organizational, value chain and extended value chain. It includes both market and non-market values using qualitative, quantitative, and monetary methods.
Natural capital accounts can inform internal management and be reported externally, with links to financial accounts. The process helps organizations:
Joint accounts can be prepared by organizations sharing the same natural capital (e.g. a water basin). Data may come from financial records, ESG analysis, environmental systems, and public or academic sources. The standard requires clear documentation of scope, data quality, and assumptions, and can support audit and assurance activities.
It aligns with global frameworks such as:
BS ISO 14054 has been developed through a UK-led international collaboration with 69 countries, including the US, Germany, China, Brazil, Canada, and Japan, and organizations such as DEFRA, the Environment Agency, UNEP FI, and IEMA.
Organizations can benefit from using this standard in several strategic and practical ways, including:
Join BS ISO 14054:2025 - Webinar
Join us for a free, live webinar on 27 January 2026 to discover how the new BS ISO 14054 standard can empower your organization to measure, manage and report on its impacts and dependencies on natural capital. Register here.
Read BS ISO 14054:2025 - Executive Briefing
For a clear and practical introduction on how organizations can systematically measure, report, and integrate their impacts and dependencies on natural capital, download your copy of the Executive Briefing today.
ISO 14054