FWPA’s WoodChat podcast focuses its latest episode on an approach that will enhance the Australian forestry industry’s sustainability credentials through improved use of natural resources.
Globally, an increasing number of organisations are turning to natural capital accounting (NCA) to demonstrate their efforts around environmental stewardship.
Natural capital refers to the world’s stock of renewable and non-renewable resources, such as soil, air and water. NCA describes a commitment to the measurement, recording and effective management of those resources as they are used to create products and services.
“NCA provides us with the framework to best utilise our limited resources and demonstrate efforts to protect our natural world,” said FWPA Statistics and Economics Manager Kevin Peachey. “This WoodChat episode delves deep into how NCA can be used to benefit the industry as well as the environment.”
A FWPA-commissioned report lays out a series of sample ecosystem accounts for use by the forestry industry relating specifically to the Green Triangle area of Australia.
During the episode, listeners will hear from Dr Anthony O’Grady, Senior Principal Research Scientist at the CSIRO which led this research.
Listeners will also hear from Chief Financial Officer at Forico, Rayne van den Berg. Forico has committed to the development and publication of an annual Natural Capital Report relating to its own activities. The report, now in its second year, has been so well-received globally that it is being used as a best-practice case study by organisations across various sectors.
The WoodChat series follows a diverse array of Australian forestry-related topics and represents FWPA’s ongoing commitment to communicating news and innovations to the industry and beyond. Each episode includes in-depth conversations with experts on recent discoveries and current initiatives.
You can listen to WoodChat on Soundcloud, iTunes and Spotify.
