Natural assets -such as wetlands, rivers, and forests- are increasingly recognized as infrastructure that provides financially valuable ecosystem services to Canadian communities. Integrating these assets into financial reporting can help local governments demonstrate effective management of these valuable services. The new Intact Centre guide Getting Nature into Financial Reporting, developed for Standards Council of Canada, with KPMG LPP, the Natural Assets Initiative and over 120 contributors, outlines metrics that can be reported as part of a stepwise approach to more complete natural asset reporting, no matter where your community is starting from. In this webinar, Joanna Eyquem, Managing Director of Climate-Resilient Infrastructure, Intact Centre on Climate Adaptation, discussed the step-by-step guide to disclosures and City of Calgary presented on their efforts to integrate natural asset-related disclosures into financial reporting.
Additional Resources
- Getting Nature into Financial Reporting: Natural Assets Disclosures for Local Governments (Report)
- Getting Nature on the Balance Sheet: Recognizing the Financial Value Provided by Natural Assets in a Changing Climate (Report)
- City of Calgary – Climate and Environment Progress Tracking
- Statistics Canada, Census of the Environment
- IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information
- IFRS S2 Climate-related Disclosures
- Bill C-59
- System of Environmental Economic Accounting
If you would like a copy of the slide deck, please contact us at cap@cleanairpartnership.org