Monthly Archives: May 2015

Biodiversity Offsetting Law and Policy

At the Biodiversity Offsetting Law and Policy workshop, Ontario Nature will present a new report that compares law and policy internationally across six jurisdictions, analyzing strengths, weaknesses and gaps, and providing recommendations.

The purpose of the workshop is to introduce participants to a range of policy options on a number of key biodiversity offsetting issues and to advance dialogue about policy development in Ontario.

The workshop is intended for a wide range of interests and will feature David Poulton, the author of the report. Mr. Poulton, M.A., LL.M, completed a graduate thesis on conservation offsetting for Alberta and is one of the leaders in the Alberta Association for Conservation Offsets.

Natural Capital: Its Significance to Business & Society At Large

Please join The University of Toronto’s School of the Environment’s Environmental Finance Advisory Committee on June 4, 2015 at the offices of Torys LLP for “Natural Capital: Its Significance to Business & Society At Large”

Natural Capital is an emerging topic gaining great interest with the business and accounting communities. The academic community has long advocated that society is not according appropriate value to the wide range of ecological goods and services provided by Nature – services such as water regulation, air quality, carbon storage, habitat, and food production, among many others. This seminar is designed to give a broad overview of the many types of goods and services provided by Nature and approaches to placing a financial value on them.

Innovative approaches to financially valuing the natural world is already underway and affecting the way that many businesses manage their supply chains and create social license to conduct their operations. It is hoped that by establishing more formal ways to both holistically value and account for Nature’s services, society may be better-positioned to understand the true costs and trade-offs associated with managing and sustaining so many of the world’s finite natural resources.

The Committee is delighted to announce that it has assembled thought leaders with expertise in this rapidly emerging topic.

Panel Discussion with:

Brian DePratto, Environmental Economist, TD Canada Trust

Dan Kraus, Senior Director of Conservation Program Development, The Nature Conservancy of Canada

Barb Steele, Managing Director, Natural Step

Steve Hounsell, Chair, Ontario Biodiversity Council

Moderator: Patricia A. Koval, Partner, Torys LLP

There will be a Q&A session following the presentations.

The Footprint and Biocapacity of Ontario, Canada: Comparing Results for 2005 and 2010

This report summarizes an Ecological Footprint and biocapacity analysis of Canada and the province of Ontario, conducted by Global Footprint Network for the Ontario Ministry of Natural Resources and Forestry (OMNRF). The results in this report are based on an analysis using the 2014 edition of the National Footprint Accounts (NFA). These results differ from those using NFA 2008. As such, for consistency of comparison, we compared the 2005 and 2010 figures using the NFA 2015 Edition. Refer to Annex B for description of applied changes and improvements between the 2008 and 2014 NFA editions for Canada.