Ex-inmates ‘need banking access’

Prison officer walking around a jailThe report calls for inmates to be able to open a bank account before they leave prison

Banks must do more to help ex-prisoners open accounts, apply for credit and take out insurance, in order to keep reoffending rates down, a report says.

Exclusion from such services prevents many ex-offenders from finding work and securing a home, the Prison Reform Trust and Unlock said.

Life without an account or insurance was a “second sentence”, they said.

The Prison Service said it was working to make more banking schemes available to prisoners while they are in jail.

It said “gaining employment, living in stable accommodation and having the ability to use and access appropriate financial products” contributed to the rehabilitation process.

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Many former inmates struggle to open a bank account because they do not have the list of former addresses, identity documents and credit history required.

Without a bank account, employers may be reluctant to give them a job – as there are few jobs where salaries are not paid either directly into a bank account or by cheque.

Newly-released prisoners may also have difficultly renting a property, as many landlords demand payment by standing order or direct debit.

As part of the research, the Prison Reform Trust and reformed offenders group Unlock spoke to 144 people in prison, as well as 24 former prisoners and 29 families of people with convictions.

The poll suggested a third of people in prison did not have a bank account, and more than half had been rejected for a loan. Four out of five people had also had problems getting insurance.

People in prison were also 10 times more likely to have borrowed money from a loan shark than the average UK household.

“The rehabilitation revolution stands or falls on banks, insurers, public agencies and government working together”

Juliet Lyon Prison Reform Trust

The report calls for inmates to be able to open a bank account and receive lessons in handling money before they leave prison.

People should also be able to manage their bank accounts while in prison, and prisoners should have the opportunity to earn a real taxable wage, enabling them to save money, support their family or reduce debt.

The groups would also like the insurance industry to lift its blanket ban on offering cover to people with convictions, while the credit industry should develop ways of treating ex-prisoners more fairly.

Chris Bath, director of projects at Unlock and co-author of the report, said: “If we want people to lead productive lives, working, paying taxes and providing their family with a home, we cannot allow the justice system to sever people from their finances, even less to create lifelong financial exclusion.”

Juliet Lyon, director of the Prison Reform Trust, said: “Far too often people leave prison only to face a second sentence of no insurance or banking, mountainous debt, loan sharks circling and a family to provide for.

“The rehabilitation revolution stands or falls on banks, insurers, public agencies and government working together to allow people to take financial responsibility for themselves.”

A Prison Service spokesman added: “We are working with the British Bankers’ Association, the banks and Unlock to increase the number of banking schemes across the prison estate.

“Engaging the expertise of independent organisations like businesses and charities is vital to changing people’s lives and stopping the revolving door of crime.”

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Nurse ‘switched off life support’

Image from Mr Merrett's bedside camera

Nurse Violetta Aylward was captured on film accidentally switching off her patient’s ventilator, leaving him brain-damaged.

An agency nurse working for the NHS was filmed switching off her patient’s life support machine by mistake.

Tetraplegic Jamie Merrett, 37, had a bedside camera set up at his home in Wiltshire, after becoming concerned about the care he was receiving.

Within days, it captured the moment Violetta Aylward switched off the ventilator, leaving him brain-damaged.

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Ambition 24hours, which supplied her, said it could not comment as an internal investigation was continuing.

A confidential report by Wiltshire social services into the incident – leaked to the BBC’s Inside Out programme – concluded the agency was fully aware it was required to supply a nurse with training in the use of a ventilator, but the company did not have adequate systems in place to check what training their staff had received.

Mr Merrett, from Devizes, has been cared for at home on a life-support machine since 2002 after being left paralysed from the neck downwards after a road accident.

Jamie Merrett in his wheelchairDespite being tetraplegic, Mr Merrett was able to use a wheelchair and a voice-activated computer

Despite his disabilities, he was able to talk, use a wheelchair and operate a computer using voice-activated technology.

His sister Karren Reynolds said he had become increasingly worried about serious errors involving nurses operating his ventilator, but claimed that health bosses did not act on e-mails of concern which he sent them.

In January 2009, he arranged to have a camera installed in his room. A few days later, the ventilator was switched off.

After 21 minutes, the machine was eventually restarted by paramedics but by then Mr Merrett, from Devizes, had suffered serious brain damage.

Ms Reynolds, who is considering legal action, said his level of understanding had dropped to that of a young child.

“His life is completely changed. He doesn’t have a life now,” she said.

“He has an existence but it’s nowhere near what it was before. He is very brain damaged compared to what he was before. He was a highly intelligent man and you could have long in-depth conversations with him and now it tends to be more simplistic.”

Violetta AylwardA review found the firm that supplied Ms Aylward did not have adequate systems to check staff training

The solicitor acting for Mr Merrett, Seamus Edney of SJ Edney in Swindon, said: “In my experience, this is the worst case of negligence on the part of a nurse.

“No one has come forward to make any admission, so now almost two years after the event we are trying to get someone to admit liability for what has happened.”

The NHS Wiltshire Primary Care Trust said in a statement: “[We have] put in place a series of actions to ensure that such an event will not occur again either for this patient or others. The incident is the subject of likely litigation so the PCT is restricted in what further it may say in public.”

Ms Aylward has been suspended while the incident is investigated by the Nursing and Midwifery Council.

Their guidelines say a nurse should work within their level of competence and have the skills to undertake whatever care they are delivering.

Ms Aylward, who is from Reading, has not responded to requests for an interview.

The programme will be shown on Inside Out West and Inside Out South on BBC One at 1930 BST on Monday 25 October.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Police respond over ‘spy’ cameras

Chief Constable Chris SimsMr Sims said he was sorry the force got it “so wrong”

A police force is due to respond after it was criticised in a report over the installation of ‘spy cameras’ in an area of Birmingham.

More than 200 cameras, both covert and overt, were put up in mostly Muslim areas of the city, paid for with government money to tackle terrorism.

An independent report into their installation said public consultation had been “too little and too late”.

West Midlands Police will respond to the report at a public meeting later.

The cameras were installed in the Washwood Heath and Sparkbrook districts and were put up by the Safer Birmingham Project (SBP), made up of the city council, police and other agencies.

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The £3.5m funding for the cameras came from the Terrorism and Allied Matters Fund.

Thames Valley Police was asked to conduct an independent review into their installation which was called Project Champion.

The report was carried out by Sara Thornton, a member of the team which provided the funding.

The report said a lack of transparency over their installation “significantly undermined” police trust and set back relations by almost 10 years.

Human rights lawyers have said they would apply for a judicial review of the camera installation action unless there was a guarantee to remove all of them.

West Midlands Police said it had removed all the covert cameras while Chief Constable Chris Sims has apologised and said none of the cameras were ever used.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Made in Britain

Jorn MadslienBy Jorn Madslien

Workers at the Nissan factory in SunderlandAttracting foreign manufacturing companies to the UK is increasingly difficult as other countries up their game, business leaders say

A handful of the land’s most powerful politicians are expected to turn up at the CBI’s annual business and industry jamboree in London on Monday.

While members of the coalition government are unlikely to get a standing ovation for last week’s Spending Review, many of the announced measures have been welcomed by business leaders.

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And according to a CBI telephone survey of 120 chief executives and company chairmen, two thirds say the business climate in the UK has improved since the coalition came to power in May.

“If the fear had been that the coalition would be unable to do anything, than that has been firmly displaced,” observes CBI’s director-general Richard Lambert during a pre-conference briefing.

But before business leaders are prepared to hail the coalition’s efforts, there is much work to be done.

“Not surprisingly, the majority of business leaders are reserving judgement and looking for tangible changes on the ground,” Mr Lambert says.

“We plan to move beyond the drama of the Spending Review and focus on opportunities for growth and investment.”

If an economy normally has four engines that help move it forward, it is clear the UK is now left with just two, the CBI reasons.

David Cameron at the CBI conference in 2009David Cameron needs the private sector to deliver economic growth in the UK, the CBI insists

“We know that government consumption will not be driving growth in the coming years,” Mr Lambert reasons, and it seems consumer spending cannot be relied on either.

“It seems likely that household budgets will also be squeezed for some time,” he adds, pointing to how households are reducing personal debts, as well as how salary growth has slowed while prices keep on rising.

Consequently, Mr Lambert insists, “private sector investment and trade are the two main engines for growth”.

In other words, the coalition now depends on the private sector’s success.

“Everybody knows we can’t cut our way to growth and prosperity,” Mr Lambert points out.

“And without growth, the country will face real economic and political difficulties.”

Made in Britain on a Union JackAttracting foreign investors is crucial to ensure the UK prospers, the CBI says

To help the private sector pick up the slack as the public sector is scaled back, the government must ensure the UK, with its flexible labour laws and good industrial relations, remains an attractive place to invest, Mr Lambert insists.

That would involve offering investors a favourable tax regime, predictable and reasonable regulation and business friendly planning laws, he explains.

If it does not, he points out, many companies will channel their investment elsewhere.

It is particularly important to attract investment from non-British multinationals, as large companies headquartered in the UK are increasingly focusing on growing their global footprint rather than investing at home, according to the CBI.

“The attractiveness of the UK as a place to invest may be in long-term decline,” Mr Lambert says.

“Over the last 10 years, the [UK’s competitive advantages] have gradually been eroded as other countries have become more competitive.

“If nothing changes, looking five years ahead, companies – particularly manufacturers – could look to reduce their UK presence.”

Richard Lambert, director-general, CBIMr Lambert says governments should work together rather than engage in trade wars

Trade, the other engine for economic growth, has been aided by a 20% fall in the value of Sterling in the last couple of years, a fall that has made it easier for UK’s exporters to sell their products or services overseas, the CBI observes.

However, this advantage could be eroded amidst signs that some countries are keeping their own currencies artificially low, he suggests.

“This is a concern, and a real concern,” acknowledges Mr Lambert.

So far, during a period when the world has gone through a severe recession, there have been few signs of protectionism, he reasons, though now there are “signs that the cohesive and coordinated approach from the G20 now seems to be dissipating”, he says.

Closer cooperation between countries is crucial to ensure global growth, insists CBI chief economic advisor Ian McCafferty.

“The multilateral action spirit of two to three years ago, as we went into the recession, needs to be maintained,” he says, as he warns against single-issue bilateral agreements that are “missing the point”.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

BT to double apprentice numbers

BT workerApprenticeships are available in various parts of its business operations, says BT

BT is to double its intake of apprentices this year after a big increase in the number of applicants, the telecoms giant has announced.

The firm is recruiting more than 200 extra people by Christmas to add to the 221 positions it has already filled.

BT said about 24,000 candidates had registered an interest in the first set of vacancies, up from 9,000 in 2009.

It added that it also needed additional staff to help it roll out its new high-speed fibre optic broadband network.

BT apprentices start on salaries of between £12,000 and £15,000.

The roles available are in IT, telecoms, electrical systems and customer service, and are open to candidates studying for a BTEC qualification or foundation degree.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Naples mayors reject dump offer

Fireworks explode in front of riot police during a protest against the opening of a new waste dump in Terzigno, 24 October 2010Police fired teargas to disperse protesters who set off fireworks

Violent protests have forced the Italian government to delay opening a new rubbish dump near Naples.

Six policemen were reportedly injured as hundreds of demonstrators clashed with police overnight in the southern town of Terzigno, near the proposed new dump at the foot of Mount Vesuvius.

More than 2,000 tonnes of rubbish lies uncollected on Naples’ streets.

PM Silvio Berlusconi has sent the head of the civil protection authority to Naples to deal with the issue.

The official, Guido Bertolaso, said nothing could be agreed until more than week of protests were brought to an end.

“These protests are partly fed by external factors, because there clearly are citizens in these municipalities who are worried and have expressed in a totally civilised, democratic and correct way their dissent and their concern,” he said.

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“It is clear to me that exterior forces have got in to use that dissent for their own interests.”

Naples has suffered years of waste mismanagement, with corruption and organised crime leading to streets filled with rubbish.

The clashes come amid an intensifying rubbish crisis in the region, where residents fear contamination by unregulated and toxic waste disposal.

Riot police take cover after being attacked by protesters in Terzigno overnightResidents fear contamination by unregulated and toxic waste disposal

Earlier in the week, police charged at protesters outside an existing dump in Terzigno after officers were injured as protesters set rubbish trucks alight and threw fireworks.

After an emergency meeting about the crisis on Friday, Mr Berlusconi promised on Friday to spend 14m euros (£12.5m) to upgrade the current Terzigno dump, saying the site did not pose a health risk.

Pope Benedict XVI offered his support to residents on Saturday, calling for a “fair and mutually-agreed upon solution to the problem”.

The European environment commissioner has warned Italy faces legal action and heavy fines if it does not improve waste management in Naples.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Charles friend dies in air crash

Police near crash scenePolice cordoned off the crash site on Saturday evening

Three people from south-east England have died in a helicopter crash in the Mourne Mountains on Saturday.

The dead are the pilot and two passengers who were in Northern Ireland for a day of shooting in County Fermanagh.

The PSNI is speaking to the Metropolitan Police about contacting the families of those who died.

Air accident investigators are due at the crash scene on Sunday morning.

The helicopter is believed to have taken off from Enniskillen, County Fermanagh, and crashed about 1600 BST on Saturday near Hilltown.

Mountain rescue teams, the Ambulance service and the Fire and Rescue Service were involved in the crash aftermath.

The helicopter crashed in an area known locally as Leitrim Lodge between Hilltown and Rostrevor.

It is understood to be a medium-sized Agusta helicopter capable of carrying up to eight people.

South Down MP Margaret Ritchie said she was “very saddened” to hear of the crash.

“On behalf of the people of South Down and those I represent, I offer my deepest and most heartfelt sympathies to the families of the bereaved at this most tragic time.”

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Welfare cuts ‘will not be passed’

Simon HughesSimon Hughes is the Liberal Democrat’s deputy leader and MP for Bermondsey and Old Southwark

Liberal Democrat Simon Hughes has warned the coalition that its planned housing benefit cuts might not be approved by Parliament.

The party’s deputy leader told Channel 4 News some of the proposals were “harsh and draconian”.

In its Spending Review last week, the government announced a 10% cut to the housing benefit budget.

Shadow work and pensions secretary Douglas Alexander offered to work with Mr Hughes to force a re-think.

Mr Hughes told Channel 4 he did not agree with a few of the proposals, which form a key plank of the government’s £18bn welfare cuts, and they would need to be altered if Lib Dem MPs were to support them.

The MP for Bermondsey and Old Southwark said he was opposed to the plans to cut housing benefit from 2013 by 10% for those who had been on jobseeker’s allowance for 12 months.

He also said it was “not right” to cap the limit and change the way housing benefit was assessed.

“My message to the government is I don’t think you will get Parliamentary approval for your current plans,” he said.

“I think government understands there has to be negotiations.

“The current proposals are not the best set of proposals, whatever the financial constraints. There are better ways of doing it and we need to achieve them.

“I am making sure the message from me and many colleagues is being communicated loud and clear to government.”

Mr Hughes said he believed the Spending Review was fair “as a whole”.

“I believe it is far fairer because Lib Dems are there than if it had been a Tory-only budget,” he said. “I believe it is broadly fair in that the rich will pay most and most of the poor will be protected.”

Earlier, Nick Clegg, the Lib Dem leader and deputy prime minister, defended planned cuts to housing benefit, saying it was not fair that people who went out to work got less help with accommodation than those who did not.

Mr Clegg told the BBC’s Andrew Marr Show the plans would create more social housing and were “fair” on housing benefit claimants.

He said: “We need to do something about a housing benefit bill which has gone up from £10bn to £21bn in recent years under Labour and there haven’t been enough affordable homes built.

Labour’s Douglas Alexander said Mr Hughes’ comments showed “even the Liberal Democrat deputy leader doesn’t believe the government’s housing benefit cuts are fair”.

“We should be working to guarantee jobs for the long-term unemployed, not risking homelessness for those who are doing their best to find work,” he said.

“I now urge Simon Hughes to back up these words and, with us and other Lib Dem MPs, to force the government to think again.”

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Privacy body to re-examine Google

Street View camera, GettyGoogle gathered wi-fi data in more than 30 countries

Britain’s privacy watchdog is to look again at what personal information internet giant Google gathered from private wi-fi networks.

The Information Commissioner’s Office had investigated a sample earlier this year after it was revealed that Google had collected personal data during its Street View project.

At the time, it said no “significant” personal details were collected.

But Google has since admitted that e-mails and passwords were copied.

“We want to delete this data as soon as possible, and I would like to apologise again for the fact that we collected it in the first place.”

Alan Eustace Google

On its official Google blog, senior vice president Alan Eustace wrote that the company was “mortified” to discover, after the initial investigation in May, that personal information had been collected.

Privacy watchdogs in numerous countries, including France, Germany and Canada, had also investigated the information.

“It’s clear from those [external] inspections that while most of the data is fragmentary, in some instances entire e-mails and URLs were captured, as well as passwords,” Mr Eustace wrote.

“We want to delete this data as soon as possible and I would like to apologise again for the fact that we collected it in the first place.

“We are mortified by what happened, but confident that… changes to our processes and structure will significantly improve our internal privacy and security practices for the benefit of all our users.”

A spokesman for the Information Commissioner’s Office said it had kept an eye on international investigations since its own one concluded in July.

That investigation said that the information “did not include meaningful personal details that could be linked to an identifiable person”.

However, Google’s admission of more detailed data has prompted further action by the ICO.

“We will be making enquires to see whether this information relates to the data inadvertently captured in the UK, before deciding on the necessary course of action, including a consideration of the need to use our enforcement powers,” a spokesman said.‬

Google’s director of privacy Alma Whitten said the company would work with the ICO to answer its “further questions and concerns”.

She added that the data “has never been used in any Google product and was never intended to be used by Google in any way”.

Information about the gathering of personal data came to light following a request by data protection authorities in Hamburg, Germany, for more information about the operation of Google’s Street View technology which adds images of locations to maps.

This revealed that Google had “accidentally” grabbed data from unsecured hotspots for years as its Street View cars captured images of street scenes.

It led to many data protection authorities pressing Google for access to the mass of data it grabbed to see whether laws on the protecting of personal information had been broken.

Google said it had since “strengthened” its internal privacy and security practices.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Bitter tastes ‘could ease asthma’

Man using an inhalerThe taste receptors in the lungs do not send signals to the brain but they do respond to bitter substances

The discovery of “taste receptors” in the lungs rather than on the tongue could point the way to new medicines for asthma, it is suggested.

Experiments in mice revealed that bombarding the receptors with bitter-tasting compounds helped open the airways, which could ease breathing.

The University of Maryland study, published in Nature Medicine, may have implications for other lung diseases.

Asthma UK warned that any new drug would not arrive for some time.

The “taste receptors” discovered in the smooth muscle of the lungs are not the same as those clustered in taste buds in the mouth.

They do not send signals to the brain, and yet, when exposed to bitter substances, they still respond.

“This approach could potentially pave the way for a new range of asthma treatments based on bitter substances. ”

Leanne Metcalf Asthma UK

It was the nature of that response that surprised researchers, who assumed their presence was as a defence against noxious gases, triggering a tightening of the airways and coughing.

In fact, the mouse experiments revealed that exactly the reverse was true.

When airway tissue from mice was treated with bitter substances, then exposed to allergens, there appeared to be a protective response.

Dr Stephen Liggett, leading the research, said: “They all opened the airway more profoundly than any known drug that we have for the treatment of asthma or chronic obstructive pulmonary disease.”

In asthma, and other lung diseases, the smooth muscle lining the airway contracts, narrowing it, and drugs such as salbutamol help relax and open it, restoring normal breathing.

Dr Liggett said that an inhaler based on bitter substances such as quinine or even saccharine, which has a bitter after-taste, could “replace or enhance” current treatment.

He warned that simply eating bitter foods would not help protect from or relieve an asthma attack.

Dr Yassine Amrani, an asthma researcher at the University of Leicester, said the research was very “encouraging”, potentially offering a new target for treatment.

He said future studies could focus on trying to reproduce the effect in human as well as mouse airway tissues, and making sure that the substances did not produce unwanted side effects such as inflammation.

He said: “The concept of having bitter taste receptors in the smooth muscle of the airways is a new one, and activating this receptor could offer a new way to relax them.”

Leanne Metcalf, director of research at Asthma UK said that a significant number of the 5.4m asthmatics in the UK did not control their symptoms using existing drugs, and that research into new, more effective treatments, was “vital”.

She said: “The effectiveness of bitter substances at overcoming the airway narrowing that causes asthma symptoms has so far only been tested in mice, however this somewhat surprising approach does make sense in terms of what we already know about the cell signalling processes involved in asthma.

“With further in-depth research, this approach could potentially pave the way for a new range of asthma treatments based on bitter substances which could either supplement or replace existing asthma treatments but if this were possible, it would be a long way into the future.”

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Nature’s gift

A man tending wild beesForests and the insects than live in them provide huge economic benefits

Slowing down the destruction of the Earth’s natural resources is essential if the global economy, and the businesses that drive it, are to prosper long term.

The current rate of destruction is estimated to cost the world trillions of dollars every year, and the damage will only get get worse unless wide-ranging measures are taken to stop it.

The reason is simple – population growth is the main driver behind those factors that are causing biodiversity loss.

There are currently about 6.7 billion people living on Earth, and this number is projected to grow to 9.2 billion by 2050 – that’s roughly the population of the UK being added to the planet every year.

This means we’ll need 70% more food, according to the United Nations (UN), just one of the many additional pressures on Earth’s finite resources.

If left unchecked, these pressures will lead to the ever-faster destruction of nature, which could cost the world $28.6tn (£18.2tn), or 18% of global economic output, by 2050, according to the UN-backed Principles of Responsible Investment and corporate environmental research group Trucost.

That’s about twice the current output of the US, the world’s biggest economy.

So what can be done?

A vital step has already been taken – for the first time in history, we now have at least a rough idea of the economic cost of depleting the earth’s natural resources.

Shrimp farmThe economic value of mangroves is often greater than the shrimp farms that replace them

This not only means that governments, businesses and consumers can understand the gravity of the problem, but it also means the value of nature can be factored into business decisions.

As Will Evison, environmental economist at PricewaterhouseCoopers (PwC), says: “No-one is saying we should just stop converting pristine land, just that the value of the environment is recognised”.

For example, a study on the conversion of mangroves to commercial shrimp farms in southern Thailand estimated the net economic returns at $1,122 per hectare a year.

The conclusion, at least for the shrimp farmer, is clear – there is an economic benefit of converting the mangroves.

But once the wider costs of the conversion – what economists call externalities – are taken into account, a very different conclusion is reached.

“Directors’ bonuses don’t have to be included [in company accounts] from a pure profit and loss point of view, but they are. Environmental externalities should be the same”

Pavan Sukhdev Teeb

The economic benefits from the mangroves of collecting wood, providing nurseries for offshore fisheries and protection against storms total $10,821 a hectare, far outweighing the benefits of converting them into a shrimp farm.

There are a number of initiatives, some already introduced and some in the pipeline, that are specifically designed to ensure that the economic value of nature is recognised.

One example is reduced emissions from deforestation and forest degradation, or REDD, under which forest owners are paid not to cut down trees. A number of governments across the world have committed hundreds of millions of dollars to these projects.

Another is habitat banking, the market for which currently stands at around $3bn in the US, where companies that degrade natural areas are forced to restore nature elsewhere.

Trade in forest conservation obligations in Brazil and ground-water salinity credits in Australia have also proved successful.

Alongside these schemes and those like them, there are various compensation arrangements that make those causing environmental damage pay for it, just like carbon credits that currently exist.

Exemptions from these various taxes, charges and fees, as well as subsidies, are also used to encourage environmentally responsible behaviour.

There is also growing pressure for companies to begin incorporating the costs of the damage that they do to the Earth’s natural resources into their profit and loss accounts.

RainforestGovernments have committed hundreds of millions of dollars to preserving rainforests

Only by incorporating these costs into their accounts, many argue, will companies be forced to reduce their impact on the natural world.

“Directors’ bonuses don’t have to be included [in company accounts] from a pure profit and loss point of view, but they are. Environmental externalities should be the same,” says Pavan Sukhdev, a career banker and team leader of the United Nations’ The Economics of Ecosystems and Biodiversity (Teeb) study.

“This is not a straightforward process and needs standard methodologies accepted by everyone, but it could be achieved within 10 years.”

The next step would be to incorporate environmental assets into national accounts.

But many companies already do acknowledge the costs of biodiversity loss.

A survey conducted by PwC earlier this year found that 27% of chief executives were either “extremely” or “somewhat” concerned about biodiversity loss, but there was a large disparity between those operating in developed economies and those in emerging markets.

Percentage of global chief executives concerned about biodiversity loss

Indeed many multinational companies have made significant investments in protecting the natural resources upon which their success depends.

These include investments to mitigate the impact of tighter regulation, such as shipping giant Swire’s decision to buy up swathes of rainforest to offset the possible introduction of pollution taxes in the shipping industry.

Indeed those companies that are well prepared for more stringent regulation, and have made the necessary investment in protecting the natural assets that serve them, will gain an important competitive advantage.

But it’s not just a question of risk mitigation – there are also opportunities for companies that act in an environmentally responsible manner.

Brewing giant SABMiller has made considerable investments in reforestation in Columbia and South Africa, as well as setting stringent targets for reducing water consumption – commitments, it says, that helped the company secure licences to brew in Australia, “because the authorities trust that we will be water efficient”, says Andy Wales, the brewer’s global head of sustainable development.

Contrast this with mining group Vedanta, which has been denied permission both to expand its aluminium operations and to mine bauxite in India after campaigners claimed the company had ignored the needs of indigenous peoples.

Companies also recognise that they need to react to increasing customer awareness of environmental issues.

For example, another survey conducted by PwC in May found that more than half of UK consumers were willing to pay between 10% and 25% more for goods up to £100 to account for their impact on the natural world.

Recyclable water bottleMore companies are investing in sustainable practices to meet consumer demand

Such changing consumer attitudes mean that more and more companies are investing in reducing their impact on nature.

For example, the world’s biggest retailer Walmart has introduced sustainability criteria as part of its official product sourcing process.

Coffee giant Starbucks has also invested millions of dollars in protecting natural resources because “we know maintaining biodiversity makes a difference to our coffee drinkers” according to Tim McCoy, the company’s head of communications.

Natura, the Brazilian cosmetics group with a turnover of $2.4bn, has committed to sourcing products sustainably from natural sources in order to appeal to consumers, while French energy group GDF Suez has invested in conserving biodiversity on its landfill sites purely as part of its “reputational risk management”.

Google Maps has even launched a service that allows users to track changes in forest cover across the world.

Not everything some companies say about their environmental commitments can be believed, but the fact that they are saying it at all is what’s important, says Mr Sukhdev.

“Once you get away from denial, you pass through a phase of understanding and then one of empty rhetoric before you arrive at action. The stage of empty rhetoric is part of the process.”

And those companies that do take action will win out in the long run.

The costs of failing to protect the Earth’s natural resources and the services they provide, and the price of failing to grasp the opportunities that investing in nature present, are simply too great for those that do not.

This is the third in a series of three articles on the economic cost of human activity on the natural world.

The first looked at the full impact of the degradation of the natural world on the global economy – both on business and consumers.

The second looked at the direct costs to businesses, both large and small.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Kings of Leon rule UK album chart

Kings of LeonKings of Leon knocked Robbie Williams’ greatest hits album from the top of the chart

US rockers Kings of Leon rule the UK album chart after their new offering sold more copies in its first week on release than any so far this year.

Come Around Sundown sold 183,000 copies, including 49,000 downloads – an all-time record for digital sales in any album’s opening week.

The Beatles had two new entries in the Top 10, at four and six, with a pair of compilations of remastered hits.

In the singles chart, Bruno Mars retook the top spot with Just the Way You Are.

The Hawaii-born singer and producer has seen a surge in sales for the recent chart-topper since it was performed on ITV’s The X Factor.

Mars – real name Peter Gene Hernandez – held off a challenge from boy band The Wanted, whose song Heart Vacancy was a new entry at two.

Newlywed Katy Perry had the second highest new entry with her song Firework, which entered the singles chart at number five.

The US singer, who married comedian Russell Brand in India on Saturday, also holds the number five position in the albums chart with her Teenage Dream disc.

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