Our responsible business commitment is to introduce natural capital accounting.
We plan to adopt a natural capital approach to ensure we value our impacts and dependencies on nature in the decisions we make. Natural capital accounting is a tool that can help measure the full extent of natural assets, such as water, air and woodland or other natural habitats. Giving us perspective on the link between the economy, ecology and our environment. This will help ensure the decisions we make are right for the long term sustainability of our region.
Desired impact – For South East Water to ensure our impact and dependencies on nature is valued in all decisions we make.
How have we performed?
We have been working with our partners, AECOM, to pilot the approach during 2021 for this commitment. During 2020/21 we completed a routemap to integrate natural capital accounting into South East Water.
This includes plans for using the assessment tools for two key projects:
- Barcombe Water Treatment Works, in East Sussex
- Broad Oak Reservoir – a reservoir we plan to build in Kent
We have agreed the timings to ensure we align with our preparations for the next water resources management plan (WRMP24) and our next business plan (PR24).
We are reviewing the opportunities to also measure our social capital as well as natural capital. We are also working to ensure we embed this into the business and developing an appropriate training plan.
Impact of Covid-19
There has been no impact of Covid-19 on this programme of work.