Approach

Biodiversity offsetting is a critical tool for multinational mining companies to display responsible environmental stewardship and risk management. The general approach for companies has been to quantify the projected residual impacts of planned development, and ‘offset’ these impacts through compensatory activities to achieve NNL of environmental assets. The project team researched and investigated existing frameworks to provide a viable option for evaluating biodiversity offsets. Once a suitable framework was identified, the team modified the suggested framework making it more suitable for use within WA, with a focus on the Pilbara region. The team then provided future recommendations to develop the evaluation methodology.