Forico secures Banksia Award for Natural Capital Report

The judges lauded Forico for their trailblazing approach to environmental stewardship and corporate sustainability reporting.

Thu 23 Mar 23


Forico has secured the prestigious Banksia Award for its Natural Capital Report. Announced last night, the Banksia National Sustainability Awards have a rich history of recognizing and celebrating outstanding achievements in sustainability, spanning a wide array of categories such as leadership, innovation, education, and communication.

The awards are Australia’s longest-running sustainability awards. According to CEO of Banksia, Graz van Egmond, the awards play an important role in recognising entrants that conserve, protect and restore ecosystems, reaffirming Australia’s commitment to protect 30% of the Earth by 2030.

About the Banksia SME Sustainable Leadership Award.

The award acknowledges small to medium-sized enterprises that have made significant strides in incorporating sustainability into their operations and business models. By showcasing the exceptional efforts of these SMEs, the award inspires other companies to adopt sustainable practices, make a positive environmental impact, and contribute to a more resilient future.

Forico Sustainability Manager Simon Cook has been instrumental in developing the Natural Capital Reporting Framework (Photo credit: Forico)

The Banksia award is the latest in a string of awards for Forico, who in November 2022, secured the award for ‘Embedding an Integrated Approach’ at the ‘Finance for the Future Awards’ in London.

Forico won the award for ‘Embedding an Integrated Approach’, at the awards finals on 9th October in London. The category recognises organisations which have integrated sustainability into their financial decision making.

Forico’s accomplishment in earning these awards highlights its commitment to sustainable forest management and nature-based solutions in addressing climate change and biodiversity loss.

Forico and Natural Capital Reporting

Forico has been widely recognised as having set a benchmark for business and industry in environmental stewardship and corporate sustainability reporting, releasing its world-leading Natural Capital Reports in 2020 and 2021. Copies of both reports are available from the Forico website.

Footage courtesy of @foricoptylimited1950

The Natural Capital Report establishing new standards in corporate sustainability reporting. The report comprehensively assesses Forico’s most critical ecosystem services, encompassing biomass and wood fibre production, carbon storage and sequestration, water flow and sediment control, and habitat and biodiversity services.

By incorporating nature into its strategic decisions, risk assessments, and financial resource allocation, Forico has demonstrated that sustainable forest products and nature-based solutions can effectively mitigate climate change, biodiversity loss, and contribute to the transition towards a circular economy.

Finalists for the Banksia Awards included:
  • Leather Cattle Co, QLD – Leather Cattle Co leads by example in the sustainable production of beef through excellence in environmental stewardship, animal management and increased productivity.
  • Taylors Wines, SA – Taylors Wines has a vision for a more sustainable industry.
  • Swag Australia, NSW – The Swag and Veggie Saver are intelligent, multi-award winning, patented, food storage and produce bags that are reusable, machine-washable, compostable, non-toxic and scientifically proven to keep fruit and vegetables fresh for two weeks or more in the crisper of the fridge.

Visit the Banksia website for more information about the Awards.


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