What we do
The BCT’s mission is to maximise the biodiversity conservation outcomes achieved with the public and private resources entrusted in the BCT to support private land conservation, to deliver a healthy, productive and resilient environment across NSW.
The BCT’s purpose, as stated in the Biodiversity Conservation Act 2016, is to protect and enhance biodiversity by:
- encouraging landholders to enter into co-operative arrangements for the management and protection of the natural environment that is significant for the conservation of biodiversity
- seeking strategic biodiversity offset outcomes to compensate for the loss of biodiversity due to development and other activities
- providing mechanisms for achieving the conservation of biodiversity
- promoting public knowledge, appreciation and understanding of biodiversity, and the importance of conserving biodiversity.
The strategic goals of the Biodiversity Conservation Trust are to:
- encourage landowners to enter agreements to conserve biodiversity and support productive landscapes
- deliver a strategic biodiversity offsetting service
- support our landholders to conserve biodiversity on their land
- promote public knowledge, appreciation and understanding of the value of biodiversity conservation
- invest in our people to build an engaged, professional, customer-oriented high-performing organisation, focused on achieving the BCT’s purpose.
How we work
You can find out more about how the BCT works by reading our business plan or exploring our website:
- On our ‘Private land conservation’ pages, you can read about private land conservation, the benefits of getting involved, stories about our existing agreement holders, and updates on the outcomes achieved to date.
- You can find out more about our three major programs and our various delivery mechanisms on the ‘Our work’ pages.
- Read about our educational work on out Biodiversity Conservation Education page.
- To find out more about how to participate in our programs, look through our ‘Get involved’ and ‘resources’ pages.
- For more information about the service we provide at the BCT, read our customer service charter and guarantee of service.
The BCT is funded in three ways:
- The NSW Government has committed more than $350 million over the next five years from 2019–2020 to fund the BCT to deliver its private land conservation programs.
- Developers or governments can fund the BCT to acquire biodiversity stewardship sites that offset biodiversity losses from development.
- People, companies or philanthropists can make donations to the BCT Public Fund to support the BCT’s biodiversity conservation objectives (the BCT hopes to receive deductible gift recipient status so that people can make tax-free donations).
Funds and Investment Management
Under the Biodiversity Conservation Act 2016, the BCT is to manage and control the Biodiversity Conservation Fund (BCF). In addition to general operational resources, this fund is used to hold the funds set aside and invested to be used to make annual conservation payments to holders of funded conservation agreements (CAs), which are either in-perpetuity or long-term agreements.
Under the Act, a Fund Manager is to manage and control the Biodiversity Stewardship Payments Fund (BSPF). The BCT is appointed as the Fund Manager. This fund is used to hold the funds set aside and invested to be used to make annual stewardship payments to holders of biodiversity stewardship agreements (BSAs), which are all in-perpetuity.
The Act requires the BCT to ‘act as trustee of money or other property vested in the Trust’, establishing a fiduciary duty to ensure that funds are managed prudentially, particularly the large sums of money held in the BSPF and BCF to meet future stewardship or conservation management payment obligations to agreement holders.
The members of the BCT Board must fulfil their fiduciary duties to the NSW Government, the Minister, the BCT’s landholders and stakeholders, and BCT itself. As directors, the members of the BCT Board also have general statutory duties of loyalty and good faith, and of care and diligence.
For these reasons, the BCT Board has approved a Risk Appetite Statement and a Funds and Investment Management Framework which sets out policies and procedures to be implemented by the BCT.
Among other things, the framework requires the BCT to seek investment advice from TCorp and actuarial advice and modelling on a regular basis, to ensure the Board can consider and approve investment arrangements that prudentially balance investment returns and risk.
Results from the BCT fund and investment management will be disclosed in the BCT’s annual reports.
- Biodiversity Conservation Investment Strategy (BCIS) 2018
The Minister for the Environment has made the Biodiversity Conservation Investment Strategy. The BCT is required by law to be guided by the strategy.
Read or download the BCIS 2018 (PDF).
- BCT's Business Plan 2017-18 to 2020-21
The BCT is required under the Biodiversity Conservation Act 2016 to publish a business plan every four years, and an annual report on its activities, including goals, plans for achieving those goals, plans for investing money and managing returns, and data management. Additionally, annual reports include the progress made in the previous financial year against the goals identified in the BCT’s business plan.
Read or download the BCT's Business Plan (PDF)
- Annual report 2017-18
The BCT's Annual Report 2017-18 showcases the BCT's achievements in its first year of operation.
Read or download the BCT's Annual Report 2017-18 (PDF).