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The report argues that government efforts to limit flood risk through natural infrastructure are consistent with fiduciary responsibilities and good governance. It identifies a need for frameworks to guide the selection of natural infrastructure over grey infrastructure and notes that Canada faces increasing flood risks from fluvial, pluvial, and coastal sources.

This fact sheet describes the application of the Sustainable Asset Valuation (SAVi) methodology to two assets in Manitoba, Canada: Stephenfield Reservoir and Pelly's Lake. The assessment compares the costs of maintaining these natural and built assets against the capital and operational costs of replacing their services with 'grey' (engineered) infrastructure, while simulating baseline and climate change scenarios from 2019 to 2050.