Stocks (Assets)
Flows (benefits)

Quantity of environmental asset

Units

tonnes

Example approach

Estimate based on own judgement

Example methods/guidance/data sources/references

Internal records

Notes

Examples of other biological resources include hunting of kangaroos for meat and harvesting of wild berries, fungi and fruits. In principle, individual biological assets such as significant trees could be included here as well.

Biological assets which are significant for cultural reasons could potentially be recorded as a separate biological asset type, distinct from non-culturally significant assets of the same biological asset type (if applicable).

Units

tonnes

Example approach

Estimate based on third-party professional estimates

Example methods/guidance/data sources/references

Third parties

Notes

Examples of other biological resources include hunting of kangaroos for meat and harvesting of wild berries, fungi and fruits. In principle, individual biological assets such as significant trees could be included here as well.

Biological assets which are significant for cultural reasons could potentially be recorded as a separate biological asset type, distinct from non-culturally significant assets of the same biological asset type (if applicable).

Units

tonnes

Example approach

Estimate based on detailed site-specific surveys and/or modelling

Example methods/guidance/data sources/references

On-site data from site surveys and sampling

Notes

Examples of other biological resources include hunting of kangaroos for meat and harvesting of wild berries, fungi and fruits. In principle, individual biological assets such as significant trees could be included here as well.

Biological assets which are significant for cultural reasons could potentially be recorded as a separate biological asset type, distinct from non-culturally significant assets of the same biological asset type (if applicable).

Quality of environmental asset

Units

Various

Example approach

Estimate based on own judgement

Example methods/guidance/data sources/references

Internal records

Notes

The ‘quality’ of land as an environmental asset includes its location and the uses for which it is suitable or permitted. These in turn determine its monetary value.

Units

Various

Example approach

Estimate based on third-party professional estimates

Example methods/guidance/data sources/references

In Australia, estimates of the value (from which ‘quality’ can be inferred) of commercial and rural land can be obtained from state and territory Valuers-General offices. The value of residential land in Australian national land accounts is estimated based on the ABS Residential Property Price Index (RPPI) value of residential dwelling stock, which includes the value of land, minus the capital estimates of the value of dwellings derived by the Perpetual Inventory Method (see Australian System of National Accounts: Concepts, Sources and Methods, 2020-2021 financial year). Data on land asset value in Australia (for whole states and territories only) is available from the EEA Dashboard.

Notes

The ‘quality’ of land as an environmental asset includes its location and the uses for which it is suitable or permitted. These in turn determine its monetary value.

Units

Various

Example approach

Estimate based on detailed site-specific surveys and/or modelling

Example methods/guidance/data sources/references

On-site data from site surveys and sampling

Notes

The ‘quality’ of land as an environmental asset includes its location and the uses for which it is suitable or permitted. These in turn determine its monetary value.

Harvested other biological resources

Units

kg

Example approach

Estimate based on own judgement

Example methods/guidance/data sources/references

Internal records

Notes

TBD – please submit your suggestion at the feedback tab in the bottom right hand corner.

Units

kg

Example approach

Estimate based on third-party professional estimates

Example methods/guidance/data sources/references

Third parties

Notes

TBD – please submit your suggestion at the feedback tab in the bottom right hand corner.

Units

kg

Example approach

Estimate based on detailed site-specific surveys and/or modelling

Example methods/guidance/data sources/references

On-site data from site surveys and sampling

Notes

TBD – please submit your suggestion at the feedback tab in the bottom right hand corner.

Monetary value

Units

$

Example approach

Multiply estimated physical flow by market price per unit

Example methods/guidance/data sources/references

TBD – please submit your suggestion at the feedback tab in the bottom right hand corner.

Notes

TBD – please submit your suggestion at the feedback tab in the bottom right hand corner.

Units

$

Example approach

Multiply estimated physical flow by market price per unit

Example methods/guidance/data sources/references

TBD – please submit your suggestion at the feedback tab in the bottom right hand corner.

Notes

TBD – please submit your suggestion at the feedback tab in the bottom right hand corner.

Units

$

Example approach

Multiply estimated physical flow by market price per unit

Example methods/guidance/data sources/references

TBD – please submit your suggestion at the feedback tab in the bottom right hand corner.

Notes

TBD – please submit your suggestion at the feedback tab in the bottom right hand corner.

Last updated: 25th July 2023