Forest Industry (Forico) leading the way in ecosystem accounting

Last week global forestry giant New Forest published their fifth annual Sustainability Report. It features work done by IDEEA Group with New Forest subsidiary Forico to account for the stocks and changes in ecosystem assets and to quantify and value the flow of ecosystem services provided by these assets (see p 21).

While this is probably a world first in the forestry sector, it is certainly a sign of things to come. We encourage you to check out the report and share it with others to show how ecosystem services accounting is fast becoming mainstream best practice for primary producers and other environmental asset managers.

 

Ecosystem Accounting consultation – have your say!

IDEEA Group’s principals have been instrumental as consultants to the UNSD in preparing a Consultation Draft of SEEA Experimental Ecosystem Accounting : Technical Recommendations. These provide the latest thinking on how to implement Ecosystem Accounting, and are open to all to offer comments or suggestions via a Peer Review Comment Form. The background and aims of this process are explained in this cover note. With the 28th April deadline for comments fast approaching, IDEEA Group urges everyone interested in the practical application of Ecosystem Accounting to review the document and provide your comments. As a primary author, IDEEA Group’s Carl Obst will lead the effort to integrate yourcomments into the next iteration of SEEA Ecosystem Accounting guidelines.