Measuring Environmental & Social Value Introduction Agenda - - PowerPoint PPT Presentation

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Measuring Environmental & Social Value Introduction Agenda - - PowerPoint PPT Presentation

Jun 03, 2023 134 likes •444 views

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

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Measuring Environmental & Social Value

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Introduction

  • Agenda

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

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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)

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Introduction

  • Secos
  • Intentionality
  • Greater Reading Environmental Network
  • Delegates

– Name – Organisation – Expectations from the session

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What is value? What is value?

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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

  • r trade

– http://dictionary.reference.com/browse/value – Accessed 23 June 2011

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What is value?

  • Financial Value
  • Environmental Value
  • Social Value
  • The Triple Bottom Line/Corporate Social

Responsibility

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Background Background

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What is sustainable?

Ecological footprint per person in global hectares Human Development Index

World average biocapacity per person 2007 World average biocapacity per person 1961

Human Development Index correlated with ecological footprint

Meets minimum criteria for sustainability 1.8 3.8

UK

Cuba Bangladesh

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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."

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Why is measuring value important?

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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 2011

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Measuring environmental value

Input Process Output Outcome Impact

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What value do you measure?

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Balance sheet

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Balance sheet

Positive

  • Renewable energy
  • Renewable heat
  • Increase biodiversity
  • Reduce, reuse, recycle
  • Visual improvement
  • Increase in amenity
  • Negative
  • Vehicle fuel used
  • Energy used
  • Volume of pollution

emitted

  • Volume of packaging

material

  • Consumables
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Tools to measure environmental value

  • Triple bottom line accounting
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Tools to measure environmental value

  • Triple bottom line accounting
  • Life cycle analysis or cradle to grave (cradle)

analysis

  • Forest products
  • Cars
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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
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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
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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
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National Ecosystem Assessment

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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
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National Ecosystem Assessment

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

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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
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Environmental Decision Making

Scientific Economic Practical

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How do we use this information?

Priorities & Policies Attract & Retain Staff Compliance Funding Reporting

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Examples

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Attitudes to environmental damage

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

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