Measuring Environmental & Social Value Introduction Agenda - PowerPoint PPT Presentation

Measuring Environmental & Social Value

Introduction • Agenda – Introductions – What is value? – Why measuring broader value is important – Measuring Environmental Value – Coffee Break – Measuring Social Value – Questions – Midday Close

Outcomes • By the end of this session you should: – Understand why it is important to measure environmental and social value – Be aware of some approaches to measuring environmental and social value – Be better prepared to make the case for future funding – Be clearer about your own organisation's broader value ‘ The real voyage of discovery consists of not in seeking new lands, but in seeing with new eyes ’ – Marcel Proust, French novelist (1871 - 1922)

Introduction • Secos • Intentionality • Greater Reading Environmental Network • Delegates – Name – Organisation – Expectations from the session

What is value? What is value?

What is value? • Noun – The desirability of a thing, often in respect of some property such as usefulness or exchangeability; worth, merit or importance – Monetary or material worth, as in commerce or trade – http://dictionary.reference.com/browse/value – Accessed 23 June 2011

What is value? • Financial Value • Environmental Value • Social Value • The Triple Bottom Line/Corporate Social Responsibility

Background Background

What is sustainable? Human Ecological Development footprint per person in Index correlated global hectares with ecological footprint UK World average biocapacity per person 1961 3.8 Cuba World average biocapacity per person 2007 1.8 Meets minimum criteria for Bangladesh sustainability Human Development Index

Triple Bottom Line ANITA RODDICK, Founder and CEO of the Body Shop, said: " The Triple Bottom Line is becoming an imperative. Environmental and social responsibility should beat at the heart of every business leader ."

Why is measuring value important?

What is environmental value? Worth that a community or society places on environmental goods or services http://www.businessdictionary.com/definition/environmental-value.html Accessed 23 June 201 1

Measuring environmental value Input Process Output Outcome Impact

What value do you measure?

Balance sheet

Balance sheet Positive Negative ● Renewable energy ● Vehicle fuel used ● Renewable heat ● Energy used ● Increase biodiversity ● Volume of pollution emitted ● Reduce, reuse, recycle ● Volume of packaging ● Visual improvement material ● Increase in amenity ● Consumables ● ● ● ●

Tools to measure environmental value ● Triple bottom line accounting

Tools to measure environmental value ● Triple bottom line accounting ● Life cycle analysis or cradle to grave (cradle) analysis ● Forest products ● Cars

Tools to measure environmental value ● Triple bottom line accounting ● Life cycle analysis or cradle to grave (cradle) analysis ● Forest products; cars ● Ecological footprint ● Carbon footprint ● Water footprint

Tools to measure environmental value ● Triple bottom line accounting ● Life cycle analysis or cradle to grave (cradle) analysis ● Forest products; cars ● Ecological footprint ● Carbon footprint ● Water footprint ● Cost-benefit analysis

Tools to measure environmental value ● Triple bottom line accounting ● Life cycle analysis or cradle to grave (cradle) analysis ● Forest products; cars ● Ecological footprint ● Carbon footprint ● Water footprint ● Cost-benefit analysis • National Ecosystem Assessment

National Ecosystem Assessment

National Ecosystem Assessment ● First analysis of the UK's natural environment in terms of benefits it provides to society and continuing economic prosperity ● Analyses the value of the UK's natural environment by taking account of the economic, health & social benefits we get from nature ● First of its kind at a fully national scale ● UK green spaces valued at £30 bn per year

National Ecosystem Assessment The danger? We understand the cost of everything but the value of nothing!

Integrating environmental value into decisions ● Make a quantitative monetary assessment ● Make a quantitative non-monetary assessment ● Make a qualitative comparison ● Describe them ● Recognise them ● Omit them

Environmental Decision Making Scientific Economic Practical

How do we use this information? Priorities & Policies Attract & Retain Staff Compliance Funding Reporting

Examples

Attitudes to environmental damage Where is your organisation? Degree of commitment to environmental values in business Irrelevant Essential Extent of financial Weak BOTTOM ETHICAL and business FEEDERS TRADERS rewards for taking environmental consequences seriously