Australia and NZ launch landmark forest valuation standardFriday 27 Mar 2026
The ANZ Forest Valuation Standard, a joint NZIF and Forestry Australia initiative, is the result of nearly a decade’s work by the national associations to bring together their country-level forest standards into a single document capable of representing plantation and native forests. The first Australia & New Zealand Forest Valuation Standard was developed in consultation with forest professionals, researchers, industry and practitioners on both sides of the Tasman. It reflects the latest thinking and best practice in forest valuation across both countries and is designed to assist valuation practitioners, forest managers, investors, and those reporting forest values. Dr Michelle Freeman, President of Forestry Australia, said: “The merging of the separate country-level standards held by Forestry Australia and New Zealand Institute of Forestry is a significant milestone. It reflects the strength and value of ongoing collaboration and partnership between our countries, our industries and professional organisations. “Importantly, while the ANZ Forest Valuation Standard is intended to address common interests of our national forest industries, it is flexible enough to allow for differences. The Standard will be an evolving tool to help shape the forest sector's future and support continued innovation and improvement, as markets, reporting expectations, and sustainability considerations continue to evolve. Concurrent with the ANZ Forest Valuation Standard, Forestry Australia has launched the Australian Carbon Standard Exposure Draft, to sit along-side the existing New Zealand Carbon Standard. Forestry Australia has also recently examined the implications for Australian reporting entities arising from the newly mandated Australian Accounting Standards Board Climate Related Disclosures (AASB S2). These latest developments will be examined at the upcoming Forestry Australia Valuation Standard Summit, to be held later this month in Melbourne. Convenor of the Forestry Australia Valuation Committee Keith Lamb said “We are proud to celebrate the launch of the new ANZ Forest Valuation Standards and to showcase our work in Climate Related Disclosures. The Summit will also provide us an opportunity to recognise the work of those who preceded us. James Treadwell, President of the New Zealand Institute of Forestry, said: “Our members have contributed voluntary time and expertise to forest valuation standards for more than three decades. The first New Zealand standard was developed in the 1990s and has been continually refined since then as markets, reporting expectations, and forest management practices have evolved. More >> Source: Forestry Australia | ||
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