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Dollar in soilISTANBUL – In the wake of Puma’s groundbreaking Environmental Profit & Loss report, a new initiative is now underway to harmonise the approach to valuing the ‘natural capital’ of business. With an initial focus on the global textile industry, the aim is to develop a new framework that can be used by both businesses and the investor community to put a value on natural resources used by the industry. It’s thought this new framework could also link into existing environmental initiatives such as the Higg Index or the GRI. John Mowbray reports from Turkey.

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