Development of Natural Asset Inventories

This standard provides a consistent, step-by-step methodology for conducting natural asset inventories with considerations for:

• Building a common understanding of natural asset management, and where inventories fit within the process
• Conducting a readiness assessment
• Completing a competency review to assess the core required competencies and identify gaps
• Scoping to identify the services of interest to a community and the data that is readily available to inform the assessment
• Data gathering and processing
• Inventory development, including a consideration of the asset type and location, the services provided and the ownership of the natural asset,
• Condition assessment determining how well a natural asset is performing as intended,
• Risk identification based on the asset’s condition and possible threats and opportunities
• Natural asset prioritization considering a local community’s context, risks, interests and priorities

Early indication of actions or analysis relating to (a) maintaining an inventory (b) proceeding to a full natural asset management project