Natural Capital and Climate Risk Reporting Tool

–Currently in development–

Dairy Australia is in the process of building a Natural Capital and Climate Risk reporting tool that underpins the high level Australian Dairy Sustainability Framework targets and will enable Australian dairy farmers to provide evidence they are protecting their natural capital and addressing climate risk.

Drivers for natural capital and climate risk reporting

Investors, customers, insurers and communities increasingly want to know:

  • What are we doing to maintain and enhance our natural capital and reduce our off farm impact?
  • How are we measuring our progress?
  • Are we addressing climate risk?

Dairy already has an industry-endorsed approach to on-farm environmental management – DairySAT (Dairy Self-Assessment Tool). This existing industry self-assessment tool is now 14 years old and, although updated to a web format in 2013, its length and structure is no longer appropriate for the growing demand for evidence based metrics by both food multi-nationals and investors.

Improvements to the connectivity of DairySAT with other digital platforms/sensors will enable farmers to draw on existing data to make more informed decisions on-farm, while also allowing aggregation of individual data to support supply chain level reporting.

The project

With support from the National Landcare Program Smart Farming Partnership this project commenced in August 2018 for a period of 3 years.  The outcome will be an industry-owned natural capital and climate risk management and digital reporting platform. The platform will be a world first in dairy industry sustainability data collection, collation and interrogation and will maintain the reputation of Australian dairy as a lead producer of ‘green and clean’ dairy products.

Project partners include milk processors, investors, data managers, NRM agencies and farmers.

 

Further update on progress will be provided on this page once available.