Stuart Anstee, Rio Tinto - Presentation - UNAA Vic Natural Capital Seminar

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Stuart Anstee (Chief Adviser - Biodiversity and Ecosystem Services, Rio Tinto) - 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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Stuart Anstee, Rio Tinto - Presentation - UNAA Vic Natural Capital Seminar

  1. 1. Rio Tinto’s BiodiversityStrategy:An approach to biodiversity andEcosystem Service managementBusiness, Biodiversity & Ecosystem Services; Melbourne, 2012
  2. 2. Where we operateat April 2012 Key Aluminium Mines and mining projects Copper Diamonds & Minerals Smelters, refineries, power facilities and processing Energy plants remote from mine Iron Ore North America Europe Asia Africa South America Australasia
  3. 3. What’s in it for a mining company?• Maintain  access  to  resources  • Strengthen  access  to  capital,  considering,  e.g.,  revised  IFC  PS6  • Strengthen  social  licence  to  operate  • Facilitate  adherence  to  na;onal  legisla;on  where  this  already  exists  • First-­‐mover  advantage  in  advance  of  regula;on   www.riotinto.com/NPI
  4. 4. Biodiversity policyRio Tinto’s biodiversity goal is to achievea net positive impact on biodiversity byclosure of our operations. And in doing so,it is our goal to be NPI positive as early inthe life of the operation as possible.We aim to achieve this by:•  Avoiding unacceptable impacts to biodiversity•  Reducing the impacts that may occur•  Restoring impacted ecosystems•  Compensating for residual impacts with offsets•  Seeking additional opportunities•  to contribute to local conservation www.Riotinto.com/NPI
  5. 5. A framework of policy underpinned bymitigation hierarchy
  6. 6. A framework of policy and toolsPolicy, targets, tools and methodologieshave been developed to help ouroperations identify, plan for and managebiodiversity.The tools include:•  A Group wide Biodiversity Values Assessment profile•  A Biodiversity Action Planning (BAP) tool•  Biodiversity baseline survey guidance•  An NPI and offset design guidance (in development)•  NPI verification protocol (developing in conjunction with the IUCN) www.riotinto.com/NPI
  7. 7. Prioritization and PlanningPrioritising action at our sites Understanding and planning for biodiversity conservation prioritiesIn 2007, we introduced an annual group- All of our sites who rank as ‘very high’ orwide Global Biodiversity Values ‘high’ are required to have in place aAssessment Protocol (GBVA) to help us Biodiversity Action Plan (BAP).identify which of our operations arelocated in the most sensitive areas. The BAP requires an operation to work with biodiversity stakeholders to:The GBVA assesses the biodiversity •  identify the important biological featuresvalues of our land holdings and in the area in which they operate;surrounding areas based on land in •  understand the impacts and risks thatproximity to biodiversity-rich habitats, their activities might have on thosespecies of conservation significance features;additional site-specific biodiversity values •  develop and implement a plan to avoid,and/or threats and the external mitigate, restore and offset thoseconservation context. impacts. The BAP provides the framework that plans and guides an operation’s progress towards NPI.
  8. 8. Natural Capital Program•  NCP established to develop internal understanding of Ecosystem Service valuation within Rio Tinto.•  Projects initially focused on ES valuation methodologies with outputs integrated into broader biodiversity programs.•  Program also tracks external discussions around ES valuation as part of company reporting.•  Involved in numerous external initiatives such at UNEP FI Natural Value Initiative, TEEB for Business Report.
  9. 9. Rio Tinto Iron Ore: Owns 14 Mines, 3 ports and largenetwork of railways; and currently produces 220 MT/yr
  10. 10. Our Challenges in the Rapidly ExpandingWorldOur production will increase from 220 to 353 MT /yrExpansions in the next forty years: •  require accessing the ore located below water table; •  Involves dewatering and discharging large volumes of groundwater and •  will increase the footprint by ‘an order of magnitude’Lowering of water table could be more than 140 metresUnderstanding and addressing the Traditional Owners concerns (theirspiritual and other connection with land and water)Dewatering creates a larger drawdown and •  Managing large volumes of water could be a challenge
  11. 11. The Pilbara Rio Tinto-IUCN-CSIRO project:case study•  Expansion of operations at Marandoo Mine – surplus water management•  Rio Tinto committed to Net Positive Impact on biodiversity•  Four major options for managing surplus water: 1.  Supply near by town (Tom Price) and support mining operations 2.  Recharging depleted aquifers 3.  Discharge into nearby ephemeral streams 4.  Introduce irrigated hay at pastoral station•  All options come with financial and environmental costs and benefits, including the impact of aquifer drawdown
  12. 12. How will the information be used?Develop a set of recommendations for water resources and ecosystem management at Marandoo, and more broadly in the PilbaraDevelop a replicable analytical framework, including ecosystem valuation, which can be incorporated into current and future company processes for: •  Environmental & Social Impact Assessments; •  Biodiversity Offsetting (to achieve NPI); •  Financial Assessments connected with stakeholder engagements and consultations, and corporate reporting,
  13. 13. Innovations in Managing Biodiversity andAchieving a Net Positive Impact (NPI)Rio Tinto Leases & Manages 1.5 Millionha of pastoral landInnovative approach is the use of surpluswater for the irrigated hay production:Marginal country to be destockedRedeployment of cattle allows the naturalre-generation of the ecosystem andimproving ecosystem services (ES):•  Previously disturbed by pastoral activities, giving the potential for an opportunity to develop an ‘offset package’ based on the concept of ‘ecological restoration’.
  14. 14. Valuing Non Timber Forest products•  Detailed ecosystem Service valuation study commencing in 2013 at QMM site in Madagascar.•  Study will build upon original TGK work and provide a valuation of NTFP used by local communities.•  Information will be feed into biodiversity offset program to ensure local community needs and values are managed correctly.•  Work is being lead by Environmental Economics team at Fauna & Flora International.

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