RSISIPL1 SERVICE ORIENTED ARCHITECTURE (SOA) By Pavan By Pavan.
The Increasing Importance of Ecosystem Services by Pavan Sukhdev
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www.corp2020.com @Corp2020 Swedbank, Stockholm 26 th September 2013 The Increasing Importance of Ecosystem Services Pavan Sukhdev Study Leader – TEEB CEO – GIST Advisory
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On 26 November, while visiting Sweden to accept the Gothenburg Award for Sustainable Development, Sukhdev spoke at a seminar about environmental services co-organized by SEI, the SEI-hosted Swedish International Agricultural Network Initiative (SIANI) and other partners. A seminar with the ‘green economics’ expert hosted by SEI, SIANI and partners focused on the role of ecosystem services in our economy and how to include their value in the financial systems we use.
Transcript of The Increasing Importance of Ecosystem Services by Pavan Sukhdev
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Swedbank, Stockholm26th September 2013
The Increasing Importance of Ecosystem Services
Pavan SukhdevStudy Leader – TEEBCEO – GIST Advisory
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Courtesy : Yann-Arthus Bertrand, GoodPlanet
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About Rainforests and Rainfall….
• http://www.vets.ucar.edu/vg/T341/index.shtml
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11/29/2013
Amazonia: Economic Invisibility of Freshwater
Amazon Rainforest
“Water Pump”
Evapo-transpirationputs 20 billion tonnes
of water into the atmosphere daily,
some of which falls as rain in the
Rio Plata Basin… supporting a US$ 240 billion
agricultural economy
(Global Canopy Programme& Canopy Capital Ltd, 2008)
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29.11.2013 5Source: Gundimeda and Sukhdev, TEEB for National & International Policy
Indonesia India Brazil
25%
75%
47%
53%
89%
11%
99 million 352 million 20 millionEcosystem services
dependency
Ecosystem services
Ecosystem services as a
% of “GDP of the Poor”
Ecosystem services as a
% of classical GDP
21%
79%
16%
84%
10%
90%
For Poverty Reduction
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For Business..
Dependencies• Climate stability
• Agri-productivity
• Materials
• Medicines
• Etc etc
Impacts• Emissions
• Land Use Change
• Freshwater
• Etc etc
Opportunities•Green Carbon
•Bio-mimicry
•Cradle-to-cradle
•Etc etc
Risks•Business Disruption
•Resource Prices
•Social Licence to Operate…
•Etc etc
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The Risk Picture…
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• Negative externalities of top 3,000 companies estimated at US$2.15 trillion per annum
The Risk Picture..
Source: Trucost for UNPRI, 2010.
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Source: Trucost for
UNPRI, 2010.
Top 3,000 Listed Companies
Negative Corporate Externalities …..
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Water Abstraction
Greenhouse Gases
Greenhouse Gases
Natural Resources
Natural Resources
Natural Resources
….. Pushing Planetary Boundaries
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What will drive change?
Excessive Demand
Culture of Consumerism
Fuelled by Marketing/ Advtg
Ethics & Accountability in
Advertising
Macro Issue Micro Driver Micro Solution
Public Capital Losses Externalized costsMeasure & Disclose
Externalities
Underpriced Supply Unlimited leverageLimit
Leverage/capital adequacy/etc.
Resource Depletion
Underpriced resources
(Low royalties / perverse subsidies)
Resource Taxes replace corporate
taxes
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Why Stakeholder Reporting?
Business today depends on, and/or has impacts on, ALL
dimensions of private & public wealth͙ but..
EXAMPLES Physical CapitalHuman CapitalSocial Capital Natural Capital
Private - Factories - Health - Gardens
Ownership - Buildings - Education - Fields- Securities - Job Skills - Forests- Cash
Community - Community - Traditional - Community - CommunityOwnership * Centres knowledge Norms and Forests
(club goods) - Community Customs - GrazingSchools Commons
Public - RoadsOwnership * - Bridges(public goods)
- Public - Law & Order - High Seasdatabases - Taxation fisheries
- Non-patent - Social Equity - Nationalknowledge & Inclusion Parks/
Forests
* Creating community wealth and public wealth creates “shared value”
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Why Stakeholder Reporting?
Business today generally measures & reports only
shareholder wealth impacts: private physical capital
EXAMPLES Physical CapitalHuman CapitalSocial Capital Natural Capital
Private - Factories - Health - Gardens
Ownership - Buildings - Education - Fields- Securities - Job Skills - Forests- Cash
Community - Community - Traditional - Community - CommunityOwnership Centres knowledge Norms and Forests
(club goods) - Community Customs - GrazingSchools Commons
Public - RoadsOwnership - Bridges(public goods)
- Public - Law & Order - High Seasdatabases - Taxation fisheries
- Non-patent - Social Equity - Nationalknowledge & Inclusion Parks/
Forests
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Why Stakeholder Reporting?
Business for a sustainable tomorrow - will measure &
report on LL dimensions of its impacts ͙
EXAMPLES Physical CapitalHuman CapitalSocial Capital Natural Capital
Private - Factories - Health - Gardens
Ownership - Buildings - Education - Fields- Securities - Job Skills - Forests- Cash
Community - Community - Traditional - Community - CommunityOwnership * Centres knowledge Norms and Forests
(club goods) - Community Customs - GrazingSchools Commons
Public - RoadsOwnership * - Bridges(public goods)
- Public - Law & Order - High Seasdatabases - Taxation fisheries
- Non-patent - Social Equity - Nationalknowledge & Inclusion Parks/
Forests
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Financial Value
Addition
Human Capital
Externalities
Social Capital Externalities
Natural Capital
Externalities
Measuring “Value Addition” holistically, including all material Externalities
How Stake Holder Reporting?GIST 360o TM Assessment..
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Disclosing Externalities : PUMA
PUMA Press Release, November2011
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Accountable Advertising : PUMA
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Quantifying Usage, Discovering Depend-encies &
Impacts
Standardizing & Valuing Impacts
Disclosing Impacts in
“One Report”
Emissions /tCOe
Freshwater / CuM
Forests LUC / Ha
Pollution / …
Waste / …
Economic Costs of
Emissions,
Freshwater
Use, Deforestatio
n,
Pollution, Waste …
Framework for
Integrated Reporting
of All Externalities…
incl Social & Human
Capital..
WBCSD…
GRI…
CEF…
CDP, WDP…
TEEB for
Business
Coalition
& Network
IIRC, SASB, &
Accountancy
Regulators
(Value Chain Impacts
“Cradle to Gate”)
TEEB for Business
Coalition:Measuring, Valuing, Disclosing Externalities
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‘TEEB4BC’ Report (15th April 2013) on Measuring & Valuing Externalities by Business Sector & Region…..
www.teebforbusiness.com
TEEB for Business
Coalition:Measuring, Valuing, Disclosing Externalities
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Corporation as “Community” : Natura Greater Economic Security for Women
Source: http://www.managementexchange.com/story/innovation-in-well-being
http://totallybeautyaddict.fr/mon-jolieapero-chez-natura-brasil/
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Alessandro Carlucci Pavan SukhdevCEO, Natura Author, “Corporacao 2020”
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What will define a “Corporation 2020”?
– Social Purpose: Goals Aligned with Society
–Capital Factory: Positive Externalities
– Institute: Creating Human Capital
–Community: Creating Social Capital
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In Summary : Reforms for “Corporation 2020” to become the DNA of Business
Source: Why Corporation 2020?, Island Press, 2012
Resource Taxation : Replacing Corporation Tax (profits) with Taxes on Resource Use & Extraction
Accountable Advertising : Making advertising responsible & accountable via norms & standards
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Limiting Leverage : Introducing rules & limits to govern financial leverage
Disclosing Externalities : Measuring & disclosing all major corporate externalities (+ve & -ve)
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Thank You !
Pavan Sukhdevwww.gistadvisory.com
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