Practices & Innovations

Town of Gibsons Eco-Asset Strategy

Contributor: Gibsons (Town)
Year: 2015
Category: Green Initiatives
Award Details: UBCM Excellence Award Nominee - Leadership & Innovation (Green Initiatives)
Short Description:
The Town of Gibsons is the first North American municipality to deem nature to be an asset and give natural assets the same consideration as traditional engineered assets.    The cornerstone of the Town’s approach is the Gibsons Eco-asset strategy. Gibsons has also adopted a natural asset management policy, through which it commits to operate and maintain natural assets in the same manner as storm sewers, roads and other engineered solutions.  Now, the Town is mapping its natural assets, including its aquifer, the forest area that retains storm water run-off, and foreshore.  The Town is calculating the value of these natural assets in terms of municipal services provided, and risks and costs if they were to fail.  Based on this, the Town is setting asset management objectives and determining costs.  As the Town completes this work, each natural asset is placed in the Town’s municipal asset management plan, alongside engineered assets.   
Last Reviewed: August 12, 2016, 12:58 pm