Portfolio feature - Forico natural capital account
Image credit: Native short purple flag iris Patersonia fragilis - Phillip Laroche
In 2022, Tasmanian sustainable plantation fibre production company, Forico, won a Banksia Sustainabilty Award for their Ecotec developed natural capital reports.
Forico is the largest private forest and land asset manager in Tasmania, with a unique operational model; plantation timber forests are certified to the highest sustainable forestry standards, while native and natural forest is managed for conservation, biodiversity, and cultural value.
Client: Forico
Ecotec services provided:
o Guidance of the development of an accredited vegetation Natural Capital Account
Image credit: Tasmanian pademelon Thylogale billardierii - Phillip Laroche
Project scale: 17,000 ha
Time frame: 1 year
Benefits: Forico derived multiple benefits including informed sustainable land management decision-making, clear communication of environmental management program outcomes to stakeholders, and opportunities to drive investment by engaging with emerging markets for natural capital.
Learn more:
Download a copy of Forico’s Natural Capital Report 2022 from their website.
Banner image credit: Tasmanian snow gum Eucalyptus coccifera - Phillip Laroche