D maxwell slides
- 1. TEEB FOR BUSINESS COALITION DR. DOROTHY MAXWELL DIRECTOR & CEO TEEB FOR BUSINESS COALITION www.TEEBforbusiness.org
- 2. What? Multi-stakeholder coalition for developing valuation methods for natural & social capital for use in business Mission Change the rules of the game for business Make natural & social capital impacts economically visible for business risks & opportunities enable better measurement, management, reporting and investment. Shift corporate behaviour to preserve and enhance rather than deplete natural & social capital.
- 3. Founding supporters .............................
- 4. WHY? Environmental Costs - Top 3000 Listed Corporations US$ 2.1 trillion/year costs of Top 3,000 listed companies US$ 6.6 trillion/year estimated global environmental costs of economic activity (11% of 2008 GDP) 5 sectors account for about 60% of environmental costs Source: Trucost for UNPRI, 2010
- 5. Activities Outreach Open source Research (Q1 2013) Status of business activity Values for priority environmental externalities for business Business behaviour change levers Development/pilot testing methods (planning) Priority business sectors & supply chains Cross cutting (financial services) World regions
- 6. Policy National Env A/Cs Accountancy Business Beyond GDP Investors Regulators Sustainability Standardise & Impacts Reporting & Value Measurement & Disclosing Impacts Management Environmental True Economic Framework for all Global Warming Potential Costs externalities Energy, Water, Resource use Pollution, Waste Environmental Corporate Reporting Ecosystem services Social EP&L..… Biodiversity …. Social Labour, equity
- 7. Funding & locations Not for profit Global First office – Singapore (06 Nov ‘12) Second office – London (Nov ‘12) Regional offices (years 1-3)
- 8. FURTHER INFORMATION DR. DOROTHY MAXWELL DIRECTOR & CEO TEEB FOR BUSINESS COALITION dorothy.maxwell@TEEBforbusiness.org www.TEEBforbusiness.org @TEEB4BIZ LINKED IN GROUP: TEEB FOR BUSINESS COALITION
- 9. BUSINESS CASE EXAMPLES Source: TEEB for Business report, 2010
Editor's Notes
- #4: Global pioneers on science of natural capital accounting & business sustainability initiatives – fast track, scale our activities and respond to urgency of challenge
- #5: Taking natural (Environmental) capital alone there is a strong business case for understanding the true costs of doing business
- #7: Current Status:Business sector with high env & social impacts – sophisticated understanding of sustainability impacts of their activities organisationally and across their supply chainsTEEB for Business Coalition - adds standardisation and valution to give the true costsCan be used in:- Business applicationsReporting & Disclosure e.g. Corporate reporting & EP&L for uptake by accountancy, financial services sectorConsistency with Policy initiatives at national level to ensure progress can be measured. Coalitions, methods (e.g. LCA, Footprinting etc..) and tools