A new handbook released today by Australia's national science agency, CSIRO, will guide businesses—including farmers, forest growers, mining companies and non-governmental organizations—on how to report and account for their natural assets to better protect our environment.
Much of the value and growth from our economy is drawn from natural resources as a variety of industries depend on, and profit, from them.; a decline that includes a 70% reduction in the average species population size since 1970.
Lead author and CSIRO scientist Dr. Greg Smith said the failure to account for nature in decision-making has led to environmental decline over time and is increasingly recognized as a material risk to business. "How companies track and measure their impacts and dependencies on nature can be challenging," Dr. Smith said.
CSIRO Living Landscapes Research Director and co-author Dr. Libby Pinkard said the handbook goes to the next level to help companies implement these frameworks.
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