Backed by some of the world's top companies, a new Natural Capital Protocol shows businesses how to incorporate the value of the natural environment into decision-making.
Two BHP joint ventures and Cockatoo Coal will satisfy their federal and state biodiversity obligations by supporting the rehabilitation of threatened brigalow belt country owned by the Woorabinda Aboriginal Shire Council.
Inghams, Nestlé, Dairy Australia and Marks & Spencer are among the supporters of a new water stewardship tool that shows companies how to best manage water on-site and through their supply chain.
NAB, Iluka Resources, Orica and Adelaide Brighton are among five Australian companies newly classified as global leaders for their efforts to decouple revenue growth from natural capital impacts.
NAB co-funded a study to identify Australia's biodiversity hotspots and is using it to help landowners to adjust their farming practices, says the bank's executive director of finance, Mark Joiner.
Undertaking a cumulative impact assessment is challenging but, as companies contemplating projects at Queensland's Abbot Point deepwater port discovered, do it right and the benefits can be substantial, according to consultant Peter Hemphill.
NAB is co-founding a global initiative to ensure banks and businesses properly value ecosystem services in their decision-making, accounting and reporting.