Logo LibecoLibeco is a Belgian company dedicated to the manufacturing and distribution of high end linen and linen products. The company has always attached a lot of importance to sustainable development and aims to grow while respecting both its employees and the environment.

Despite the excellent environmental reputation and low impact of linen, Libeco requested Naturalogic and Trucost to measure and monetize, for two specific products, the related environmental impacts throughout the entire value chain.  The purpose of the project was to calculate in monetary terms the true environmental impacts and benefits of the two chosen products, while providing insights on the difference between conventional and organic agriculture.

This study with Naturalogic gives us a better understandig of our ecological footprint from the field to the finished fabric and helps us to take the right decisions for a better ecological performance. (Raymond Libeert, CEO Libeco)   

Logo delhaize groupWe have worked with the Belgian retailer Delhaize to help them in performing a high level natural capital impact assessment.  The project was two-fold, first we supported Delhaize in making a full estimation of its supply chain water footprint and enhance its Carbon Disclosure Project reporting scores. Secondly, using leading monetization techniques, we supported Delhaize in assessing where it has its greatest environmental impacts across 14 product categories for 2 of its operational companies.

This exercise was a first step in linking Delhaize product impacts to corporate risks that could impact future growth and the long term ability to source key products from geographies that are under increasing ecological stress.

McCain Logo

Together with our partner Trucost, we have performed an environmental net benefit analysis for McCain Europe on several SKUs of two specific product categories. Environmental net benefit projects are designed to help making the business case for environmental programs and embed natural capital decision making.

The aim of this project was to map the various physical environmental impacts from field to factory in a defined geographical area and add a layer of valuation to the analysis in order to better understand to true impact as well as the difference in impact between these products. The analysis provided McCain Europe with new information to enrich their decision making process. The project aims to help reducing environmental impacts there where the production process has the biggest impact on Society.


The Belgian Federal Public Service (FPS) Health, Food Chain Safety and Environment, amongst many responsibilities, strives for: a high-quality environment for all. They manage, inter alia, the integrated product policy, the reduction of greenhouse gas emissions, the REACH convention, the co-ordination of the international environmental policy, the protection of the North Sea, and the CITES convention.

Early 2016, the Public Service requested us to work together with them on making a feasibility study with regard to the creation and deployment an online tool to help companies understand their dependence and impact on biodiversity.  The project aimed at working together with various stakeholders to create a hands-on tool which could be used as a decision-making tool for businesses.

Mercier Vanderlinden is an asset manager where the managers invest their family assets along with that of their clients. It is the perfect way to avoid conflicts of interest. Furthermore, this approach offers the best guarantee of stability and involvement in the relationship between client and manager. Too often, we observe asset managers who are guided by short-term profits through brokerage and/or placing of financial instruments. This prevents a sustainable investment approach whereby the performance of the client is paramount.

Since 2016 we support Mercier Vanderlinden in the calculation of the environmental impact of one of their funds (Merclin Global Equity).  Thanks to a vigilant approach and a long-term vision, Mercier Vanderlinden manages to have less impact on our shared natural capital than their main benchmark (MSCI World Index).

Companies investing for the long term take Natural Capital into account. (Frédéric Van Doosselaere, Managing Partner)