Practical Guidance on Natural Capital Measurement and Reporting

Over the past ten years, the idea that organisations – not just governments – need to be more accountable for their interactions with nature has moved from the periphery to centre stage.

However, as organisations have started to grapple with the practicalities of measuring and reporting the state of their natural capital, and/or their nature-related impacts, dependencies, opportunities and risks, they have realised that it is extremely complex and challenging.

CSIRO, in collaboration with Climateworks Centre and BHP, invite you to attend their upcoming webinar introducing an emerging ecosystem of practical guidance on natural capital measurement and reporting.

The event will bring together experts from finance, industry, climate, and environment to discuss how initiatives from each organisation complement one another and help fill gaps in the guidance ecosystem.

The webinar is intended to support industry, regulatory and finance community discussions on how natural capital accounting (NCA) approaches can be applied and used in a corporate setting.

It will aim to address the confusion and uncertainty caused by framework proliferation by outlining a series of practical steps that organisations such as BHP have used to support the development and use of credible nature-related metrics in line with emerging global expectations for nature-related risk management and reporting.

Organisations that understand and manage their interactions with nature are better positioned to access growth opportunities, attract capital and talent, build stakeholder trust, and mitigate physical and transition (e.g. regulatory, legal and reputational) risks.

Although led by different organisations, many of the resources that will be mentioned in the webinar have been developed with substantial cross-fertilisation and collaboration. As a result, they are consistent and complementary. For example, all:

• Cover both natural capital accounting (aligned in particular with the UN SEEA standards) and natural capital assessment (aligned with the Natural Capital Protocol, TNFD and most other corporate or organisational sustainability reporting standards).
• Recommend structuring natural capital information using consistent classification schemes or taxonomies, such as the IUCN Global Ecosystem Typology (IUCN-GET).
• Are aimed at supporting any kind of corporate or organisational user, in any sector and any geographical context.
• Synthesise major international and national frameworks into actionable measurement and reporting guidance.
• Aim to enhance consistency and comparability of natural capital information across organisations and over time.

Pricing

• Free

Dates and Times

Contact

Claire Horner

More information

Speakers:

Host Rayne van den Berg
Founder, NatCap+

Rayne is a Chartered Accountant with a background in corporate finance and is a globally recognised pioneer in corporate sustainability and natural capital reporting. As a former CFO for Forico, Tasmania's largest private forest manager, Rayne helped to transform corporate decision-making to incorporate the cost of externalities and the value of natural capital. She witnessed the signing of the Global Biodiversity Framework in Montreal. She presented the world's first Integrated TCFD & TNFD Disclosure for Forico at Climate Week at the global launch of the TNFD's recommendations in September 2023. As of March 2025, Rayne has been leading Value Australia, the Capitals Coalition hub, which focuses on promoting market confidence and supporting capacity building in Natural and Social Capital Valuation and Reporting.

Panellist Dr Anthony O'Grady
Senior Principal Research Scientist, CSIRO

Anthony has a strong background in ecophysiology and ecohydrology. Over much of the last decade he has turned these systems thinking to the challenge of natural capital, leading work across the forestry, agriculture and mining sectors. Much of this research effort is focussed on reducing the complexity and barriers to entry for industry. Our aim is to drive adoption, enabling a better understanding of the risks and opportunities associated with the economies impacts and dependencies on nature. Anthony is currently a member of the World Economic Forum's Global Futures Council for natural capital.

Panellist Eithne Cahill
Program Impact Manager, Climateworks Centre

Eithne leads the delivery of a multi-year program called the Natural Capital Investment Initiative, which seeks to better integrate and make visible the value of nature in corporate and government decision-making. Eithne brings an extensive and diverse skill set to her role and is highly experienced in research translation, stakeholder engagement and collaboration across the food value chain, government and public health sectors.
 

Panellist Phil Cryle
Principal Natural Capital, BHP

Phil Cryle is an environmental economist specialising in natural capital accounting, economic appraisal, and the valuation of economic, social, and environmental outcomes to inform better policy and business decisions. As Principal Natural Capital within BHP's Group Environment, Phil leads the company's natural capital accounting and assessment program. Since 2023, he has served on the World Economic Forum's Global Futures Council on Natural Capital.

Panellist Dr Greg Smith
Environmental Economist, CSIRO

Dr Greg Smith is a multidiscipline collaborator at CSIRO based in Hobart. Greg's research specialises in ecosystem/natural capital accounting, natural capital risk assessment, and the valuation of ecosystem services. Currently Greg is working on projects for government and industry developing natural capital accounts and guidance at the national, regional, and business-level scale.
 

Panellist Dr Francisco Ascui
Professor of Environmental Accounting, Centre for eResearch and Digital Innovation (CeRDI), Federation University Australia

Francisco is an internationally recognised expert in environmental accounting, finance and risk management, who has pioneered the development of standardised approaches and open data infrastructure to support natural capital accounting, risk assessment and reporting. He worked with CSIRO on the development of the Natural Capital Handbook and has assisted Climateworks Centre with the design and development of the Natural Capital Measurement Catalogue (NCMC).

Panellist Dr Claire Horner
Environmental Accountant, CSIRO

Claire is a Certified Practicing Accountant with research expertise in environmental accounting, and a particular interest in accounting for biodiversity. Her aim is to integrate natural capital accounting into financial accounting practices and standards to drive comparability in the reporting and disclosure of natural capital information and to provide the basis of increased visibility and quantification of nature's contributions to productivity and the economy more broadly.