GP1.4Integrate natural assets into the City’s asset management system

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• 2028

  1.4.1 Natural asset framework

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  Description: Refine existing natural asset inventories and integrate data into the City’s asset management system. Assess the need for further studies, mapping, performance tracking, and data management. Develop a level of service framework for natural assets and assign service levels to high priority natural assets.

  Status: The Natural Assets Initiative led a workshop series for City staff focused on the preparation of a natural asset framework, with a focus on identifying key ecosystem services of interest to the City, as well as draft Level of Service objectives.

  A Natural Infrastructure Framework was prepared in 2024-2025, which outlines recommended steps for the City to effectively identify, assess, manage, and fund priority natural infrastructure across its full life cycle. The Framework was brought forward to the Planning, Development, and Community Services Committee in the  2025 State of the Green Network Report in August 2025. (The "Natural Assets" language was updated to "Natural Infrastructure" to reflect the longer list of assets that it applies to such as parks and landscape trees).

  In 2026, the City worked with a consultant to study  the economic value of ecosystem services by comparing a natural area to a City park, which builds on the City's initial  Natural Capital Asset Valuation Study completed in 2020.

  Green Pathways Timeline: Development to start in 2022. Operationalize between 2028-2031.