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Strategic targets

The Strategy has a suite of three Triple Bottom Line (TBL) headline indicators that highlight the
performance of the South Australian food industry.

The TBL is represented by financial, social and environmental indicators.

Financial - Generate Gross Food Revenue to $16 billion by 2015

Gross Food Revenue measures revenue at all stages of the food value chain. The $16 billion target was established after conducting a detailed scenario analysis. This revenue measure will also be converted to and reported as a value added measurement to use as a contribution to Gross Domestic Product (GDP).

Social - Increase the food industry’s contribution to South Australian’s wellbeing

The food industry’s share of Gross Domestic Product per capita is the headline social indicator for the Strategy representing the contribution that the food industry is making to the wellbeing of South Australian. GDP per capita is internationally recognised as a measure of living standards and wellbeing. It has close correlation with the United Nations Human Development Index which is claimed as a standard means of measuring human development.

Environmental - Reduce the South Australian food industry’s impact on the environment

Water and Greenhouse Gas (GHG) Intensity are the combined headline environmental indicators for this Strategy. These are represented by mega litres of water and tonnes of CO2 equivalent per $million of food Gross State Product (GSP) respectively. Intensity targets are becoming attractive instruments for framing climate change policies and linking them to other policy goals. Intensity targets can lead to absolute reductions in GHG emissions and natural resource use by creating incentives for efficiency while at the same time accommodating sustainable economic growth. Intensity targets are almost always measured as emissions or resources used per unit of GDP. Water is currently South Australia’s number one finite natural resource and GHG emissions is debatably the number one priority for managing climate change and variability.