Natural capital and sustainabilityMalcolm Thompson20 September 2012
Natural Capital and Sustainability  Sustainability:	  the	  maintenance	  or	  improvement	    of	  wellbeing	  over	  3me...
The importance of natural capital                        •  Natural resources are valuable                           to us...
The state of Australia’s natural capitalState: relatively goodcompared to other countries.Challenges:•  Climate change•  W...
National Plan for Environmental Information                      •    Important first step to reform                      ...
System of Environmental-Economic Accounts•    SEEA adopted as international statistical     standard in March 2012.•    Ex...
Current ABS products applying SEEAFlow accounts•    Water (annual)•    Energy (annual)•    Greenhouse gases (in developmen...
Corporate sustainability reporting (CSR)•  International Integrated          Benefits:Reporting Council framework pilot   ...
Corporate sustainability reporting in governmentThree-year sustainability reporting pilot underway in:•    Department of S...
Rio+20 conferenceConference on contemporary sustainability challenges and responses.Outcomes:•  Encouragement of integrate...
Measuring Sustainability•  Program stems from 2010Sustainable Population Strategy.•  Will deliver improved informationabou...
Measuring Sustainability – capital-based approach                                   Social and Human      Natural Capital ...
The future•  Comprehensive, consistent and regularenvironment reporting through:   –  National Plan for Environmental     ...
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Malcolm Thompson, SEWPAC - Presentation - UNAA Vic Natural Capital Seminar

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Malcolm Thompson (Deputy Secretary, Australian Government Department of Sustainability, Environment, Water, Population and Communities) - Presentation at the United Nations Association of Australia (Victorian Division) Business, Biodiversity and Ecosystem Services: Valuing the Earth's Natural Capital Seminar held in Melbourne, 20 September 2012, in partnership with National Australia Bank.

Building momentum for collective action post-Rio+20, the seminar brought together key players from business, government and civil society to discuss the challenges and opportunities in measuring the true value of nature and enhancing natural capital as a critical economic, ecological and social asset.

An expert panel addressed:
The Natural Capital Declaration and the finance sector
Australian Government perspective on natural capital and sustainability: current priorities, measurement and where Australia can make a difference
Business and biodiversity: valuing natural capital and ecosystem services in practice
The Economics of Ecosystem Services and Biodiversity (TEEB for Business)
The System of Environmental - Economic Accounts (SEEA)
Integrating the valuing and management of environmental assets into business and government decision-making processes
Experiences and opportunities for cross-sector collaboration

Guest speakers:
Rosemary Bissett (Head of Sustainability Governance and Risk, Enterprise Risk, National Australia Bank)
Malcolm Thompson (Deputy Secretary, Australian Government Department of Sustainability, Environment, Water, Population and Communities
Stuart Anstee (Chief Adviser, Biodiversity and Ecosystem Services, Rio Tinto)
Dr Joshua Bishop (Former Chief Economist, IUCN and National Manager, Markets, Sustainability and Business Partnerships, WWF Australia).
Charles Berger (Director of Strategic Ideas, Australian Conservation Foundation)

Facilitator:
Rosemary Sainty (Former Head, Secretariat UN Global Compact Network Australia and Adviser, Corporate Engagement, Transparency International Australia)

More information available at: http://www.unaavictoria.org.au/education-advocacy/masterclasses/natural-capital-seminar/

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Transcript of "Malcolm Thompson, SEWPAC - Presentation - UNAA Vic Natural Capital Seminar"

  1. 1. Natural capital and sustainabilityMalcolm Thompson20 September 2012
  2. 2. Natural Capital and Sustainability Sustainability:  the  maintenance  or  improvement   of  wellbeing  over  3me.     Wellbeing:    combina3on  of  economic  prosperity,   community  liveability  and  environmental  integrity,   determined  by  the  quality,  quan3ty,  distribu3on,   use  and  preserva3on  of  stocks  of  economic,   human,  social  and  natural  capital.  
  3. 3. The importance of natural capital •  Natural resources are valuable to us •  Ecosystems provide goods and services •  Both a public and private good
  4. 4. The state of Australia’s natural capitalState: relatively goodcompared to other countries.Challenges:•  Climate change•  Water•  Land•  Biodiversity•  Data
  5. 5. National Plan for Environmental Information •  Important first step to reform environmental information base. •  Led by the Bureau of Meteorology •  Will deliver improved environmental information. •  Standards and systems developed, e.g. National Environmental Accounts.
  6. 6. System of Environmental-Economic Accounts•  SEEA adopted as international statistical standard in March 2012.•  Extends System of National Accounts.•  Combined physical and monetary data.
  7. 7. Current ABS products applying SEEAFlow accounts•  Water (annual)•  Energy (annual)•  Greenhouse gases (in development)•  Waste (in production)Stock accounts•  Land (Victorian accounts in production)•  Environment (annual - linked to SNA: land; subsoil assets; plantation timber; native timber)Adjusting SNA aggregates•  Depletion and degradation adjusted net national income (ABS Year Books)
  8. 8. Corporate sustainability reporting (CSR)•  International Integrated Benefits:Reporting Council framework pilot •  Decrease impact on environmentunderway. •  Enhanced reputation.•  Government supportive of global •  Increased understanding of risksframework for CSR. and opportunities. •  Demonstrate value of company. •  Incentive to improve on, engage in sustainable business practices.
  9. 9. Corporate sustainability reporting in governmentThree-year sustainability reporting pilot underway in:•  Department of Sustainability, Environment, Water, Population and Communities•  Bureau of Meteorology•  Department of Finance and Deregulation•  Department of Education, Employment and Workplace Relations•  Department of Families, Housing, Community Services and Indigenous Affairs•  Department of Climate Change and Energy Efficiency•  Department of Parliamentary ServicesObjectives:•  greater visibility to impacts of the business of government entities,•  make sustainability more integral to decision-making
  10. 10. Rio+20 conferenceConference on contemporary sustainability challenges and responses.Outcomes:•  Encouragement of integratedsustainability reporting.•  Invitation to businesses to developsustainability strategies.•  Agreement to explore broadermeasures of progress taking social andenvironmental factors into account.
  11. 11. Measuring Sustainability•  Program stems from 2010Sustainable Population Strategy.•  Will deliver improved informationabout economic, environmental andsocial dimensions of sustainability.•  Set of sustainability indicators toinform integrated decision-making.
  12. 12. Measuring Sustainability – capital-based approach Social and Human Natural Capital Economic Capital Capital Capital Stock Capital Stock Capital Stock Indicators Indicators Indicators Capital Flows and Capital Flows and Capital Flows and Drivers Indicators Drivers Indicators Drivers Indicators Demographic and Contextual Indicators
  13. 13. The future•  Comprehensive, consistent and regularenvironment reporting through: –  National Plan for Environmental Information –  System of Environmental-Economic Accounts –  Measuring Sustainability•  Cultural shift – embed consideration ofnatural capital in decision-making bygovernments, communities and private sector.

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