The seas around Australia hold significant economic opportunity, but rapid development could jeopardise environmental integrity and social trust. There is currently no consistent, comprehensive mechanism to monitor and manage these risks and realise the full potential of this new ‘blue economy’.
Blue economy businesses need tools and data to track impacts and dependencies on environment and society. This project will work collaboratively with industry partners and government to develop innovative environmental management accounting, ocean accounting and integrated reporting across economy, society and environment. The project will produce frameworks, guidelines and tools for generating reports that demonstrate responsible and sustainable value creation.