Which capital in Integrated Reporting relates to natural resources and ecological assets?

• A. Financial
• B. Natural
• C. Intellectual
• D. Human

Answer: (B)

Integrated Reporting uses a set of capitals to show how value is created, with natural capital specifically addressing the environment. Natural capital covers the stock of natural resources and ecological assets—air, water, minerals, forests, biodiversity—and the ecosystem services they provide, such as clean water, climate regulation, and pollination. This is distinct from financial capital (money available to fund activities), manufactured capital (tangible assets like buildings and machinery), intellectual capital (patents, brands, know-how), and human capital (people’s skills and knowledge). So, natural capital is the one that directly relates to natural resources and ecological assets.