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Figure T11: The Millennium Ecosystem Assessment Framework<br />

Source: http://www.millennium<strong>assessment</strong>.org/en/Framework.aspx<br />

The ‘SAPA Initiative SLF’ (Figure T12) employs the usual five SLF assets, but ‘natural’ assets are<br />

broken down into provisioning, regulating, and supporting services as in the MEA framework.<br />

Cultural services – also included in the MEA framework – are included under ‘<strong>social</strong>’ assets. Physical<br />

assets are broken down into built assets (e.g. housing) and non-built assets (or luxury goods). A sixth<br />

capital, ‘political/legal’ assets, is derived from the World Bank Opportunities Framework. Indicators<br />

can be derived from the various asset categories, although these would need to be prioritized in<br />

view <strong>of</strong> cost considerations.<br />

Social Impact Assessment <strong>of</strong> Land-Based Carbon Projects (1.0) – Part II | 25

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