Our clients include UK public and private sector, international organisations and non-governmental organisations. In addition to the UK, we have undertaken work in other EU countries, Turkey, South Africa, Mexico, Colombia and Canada.


Policy and project appraisal

Including economic values in decision making

Policy and investment decisions are increasingly based on evidence that includes not only financial impacts but also economic values of social and environmental costs and benefits. We provide practical support to clients through the whole decision cycle including setting objectives, screening options, and identifying, quantifying and comparing the costs and benefits of action against a baseline of the current situation or business as usual.

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Valuing ecosystem services

Understanding what economic value means

Understanding and measuring the economic value of ecosystem services is crucial to ensuring a healthy natural environment that continues to provide for the wellbeing of society overall and support a productive economy.

Read more: Valuing ecosystem services


Working with Natural Capital

NEWS: Natural Capital Protocol Training.

eftec and Sustain Value announce 2-day Training Course: Getting Value from the Natural Capital Protocol, London, September 2016 icon NCP Training

The Natural Capital Protocol (NCP) is a standardised framework for business to measure and value its direct and indirect impacts and dependencies on natural capital. The aim of the NCP is to enable business to assess and better manage their interactions with natural capital. We are teaming up with Sustain Value to offer the first training course on how to use the NCP. The training will be delivered by eftec Directors and James Spurgeon of Sustain Value who all are amongst the authors of the Protocol, and of the literature it builds on. The training will provide an overview of the Protocol, with an emphasis on its materiality assessment, measurement and valuation steps, informing the use of economic valuation methods and interpretation of economic value evidence.

Natural Capital

Natural capital refers to the stock of natural assets upon which our economies and societies are built. Like other forms of capital, natural capital produces value for people in the form of ‘goods’ (e.g. timber, fish stocks, minerals) and ‘services’ (e.g. water provision, air purification, flood prevention).

As our demands on the natural world increase, so do the risks and opportunities facing supply chains, investment decisions, land use and every other aspect of business management.

Ultimately, decisions need to be made: be proactive in managing natural capital for the future, or do nothing and remain vulnerable to external forces.

The benefits of successfully managing natural capital are no different to good management of other types of capital. We can assist this process and help our clients to become as familiar with natural capital as they are with other forms of capital. 

  • Right tools for the job
  • Natural capital for business
  • Natural capital for the public sector and NGOs
  • Examples of our Natural Capital work
  • Read more: Working with Natural Capital


    Assessing the socio economic impacts under REACH

    Together with our technical partners and sector-specific specialists we provide practical support to industry and public sector clients through the entire REACH authorisation and/or restriction process.

    Our REACH services benefit from our extensive experience undertaking policy and investment appraisals, socio-economic analysis (SEA) and valuing impacts on companies, human health and the environment.

    Regardless of the complexity of the work, we adhere to the principles of transparency and clarity when we:

    • Collect information, with clear audit trails and systems in place to protect the commercial confidentiality of data; and
    • Present information and analysis to ensure all is clear to target audiences with varying levels of technical knowledge

    Read more: REACH


    Policy and investment design

    Capturing the economic value of ecosystem services

    ‘Capturing’ the economic value means that economic values that we estimate are turned into actual money. This could be through policy instruments that make the polluters pay for the environmental damage they cause, such as full cost pricing, green taxes, tradeable permits and voluntary agreements. It could also be through the creation of new markets that capture the benefits (positive values) of the environment such as payments for ecosystem services, biodiversity offsets and habitat banking.

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    Capacity Building

    Putting environmental economics into practice

    Capacity building involves both in person engagement like workshops and seminars and guidance documents we prepare for experts to use in their own time. Both cover all aspects of environmental economics: valuation of environmental resources, policy design and appraisal.

    Read more: Capacity Building