Conference affiliates

Net Impact Approaches – 2018 Conference‘Bringing the strands together’

Conference supporters

Integrated Profit & Loss

Impact Investing

Environmental P&LMeasuring Impacts

Integrated Reporting

Net Positive

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Creating Shared Value

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Organisations presenting in addition to Affiliates

Conference organisers

Measuring, valuing & target setting for environmental & social impacts

22nd May, London

#NetImpactApproaches18

Net impact is an umbrella term covering a range of approaches and concepts that involve summing positive and negative effects caused by something over a period of time.

A spectrum of net impact approaches in relation to business sustainability is shown in the figure to the right. This sets out three levels of ambition and outcome, each with their own commonly used related terms.

WHAT IS NET IMPACT?Spectrum of Net Impact Approaches for Business Sustainability

22nd M

ay 2018

See Sustain Value’s Briefing Note 1: ‘Net Impact: Ten things all businesses should know’ for more information (downloadable from Sustain Value’s Events webpage).

RELEVANT CONCEPTS:

• Net Positive / Net Zero

• No Net Loss / Net Gain

• Integrated Profit & Loss Accounts

• Environmental & Social Profit & Loss

• Impact Investing

• Creating Shared Value

• Impact Measurement

• Offsetting and insetting

• Social Impacts & values

• Natural and Social Capital Accounting

• Life Cycle Analysis

• Integrated Cost Benefit Analysis

• Net Present Value (NPV)

Net positive goal

AMBITION OUTCOME RELATED TERMS

Net gain

Net positiveNet positive gain

Net positive impactTotal contribution

Net neutral goal Net neutralNet zero

No net lossCarbon/water neutral

Zeronaughts

Improvement goal Net lossLess bad

Incremental reductionMinimizing impacts

Planet Positive Printing

This brochure was printed on 100% recycled materials at a factory powered by 100% renewables, using zero water and chemicals, and generating zero waste to landfill. Seacourt is a Net Positive printer and makes a positive contribution to the environment and society – which matters to us and supports our vision of a Net Positive business community.

CONFERENCE AIMBusinesses and other organisations are increasingly applying Net Impact Approaches – i.e. measuring, valuing and comparing the positive and/or negative impacts associated with business sustainability, and/or having an associated target. Many see this as a major step towards improving global sustainability, whereby companies can aim for and demonstrate having at least a neutral or ideally a positive environmental and social impact.

Following on from last year’s Net Impact Approaches conference, we are once again convening key individuals and organisations at the forefront of this topic. The aim is to bring key players together, enhance synergies between them, explore and promote the business case, share best practice methodologies and tools, determine how best to deal with the most challenging issues and identify what is needed to further scale up action.

TYPE OF ISSUES:

• Single issues such as:

o Carbon, biodiversity, water, energy,deforestation etc.

o Skills, jobs, health & safety etc.

o Intellectual property & networks

• Integrated approaches

o All material environmental, social &economic issues

BUSINESS LEVEL APPLIED TO:

• Products, materials

• Projects, sites, landholdings & buildings

• Company, country

• Value/supply chain

#NetImpactApproaches18

Daniel Barwick Business and Financing policy lead

Jake Backus Head of Sustainability & Stewardship

Chris Brown Vice President, Corporate Responsibility and Sustainability

SPEAKERS

Phil Clarke Director

Julia Baker Biodiversity Technical Specialist

Julia has worked on business and biodiversity initiatives for 20 years. She designed Network Rail Infrastructure Projects’ Biodiversity Net Positive procedure, and led a two-year UK wide pilot of this procedure that involved extensive engagement with a range of stakeholders. Julia is now leading the roll-out of Net Positive for Network Rail Infrastructure Projects, as well as designing and implementing Net Gain for various developments. Julia is a Technical Advisor for the Institute of Environment and Development, a Visiting Researcher for Oxford University and a member of the Valuing Nature Partnership’s Business Interest Group.

Daniel has worked in environment policy for Government for nearly 20 years on issues from climate change adaptation rather biodiversity to green finance. He leads Defra’s work on business, funding and financing issues in relation to Her Majesty’s Government 25 Year Environment Plan. Current projects include establishing a Green Business Council, to provide advice to government on environmental issues; and scoping the potential for a natural environment impact fund, to kick-start the market in natural capital financing.

Jake created Seacourt Ltd’s Net Positive strategy to add value to clients and develop a clear leadership position - Planet Positive Printing, including an extensive assessment of Seacort’s operations and suppliers. He is now working on restorative supply chains, rainforest restoration and mapping Oxford’s air quality from a human, temporal and spatial perspective. Jake lectures at the Oxford University ECI Future Leader’s programme and on plastics and ocean plastics, sustainability communication and behaviour change.

Phil founded Consciam in 2015 to enable organisations to better understand and reduce environmental impacts and risk, and to explore and adopt innovative sustainability solutions. Consciam has delivered projects for clients including businesses, NGO’s and local government, on topics such as net positive/net impact strategies, sustainability impact measurement and reduction, policy development and review, and the UN Sustainable Development Goals. Prior to Consciam, Phil was Head of Environmental Sustainability for Capgemini UK Ltd, where he was a founder-member of the Forum for the Future led Net Positive Group.

Chris is responsible for supporting the business to develop and integrate strategies and actions that deliver leadership, business value and environmental governance across Olam’s global operations. Key thematic areas include water stewardship, climate change and natural capital. Chris brings 20-years of experience from sectors including: automotive (Toyota) and power E.ON. He is currently a co-chair of the WBCSD Climate Smart Agriculture working group and aBoard member of the Alliance for Water Stewardship.

Tom Beagent Director of Total Impact Measurement & Management

Tom leads PwC’s work related to its Total Impact Measurement & Management (TIMM) framework, which allows organisations to measure and value the social, environmental, economic and fiscal impacts resulting from their operations, as well as their extended value chains. He supported PUMA and Kering develop the world’s first E P&L, Natura develop its EP&L, and BASF develop its Value to Society programme. He currently leads projects with a variety of clients to help them manage trade-offs in decision making, drive innovation, identify risk and opportunity in their supply chains, and communicate with greater simplicity and credibility.

Ian Dickie Director

Ian Dickie is a Director at eftec. He is also a Director of the Aldersgate Group, a member of the ICAEW Sustainability Committee, and the Advisory Panel of the Natural Capital Coalition. Ian has directed natural capital accounting for United Utilities, The Crown Estate, Duchy of Cornwall, London Borough of Barnet and John Lewis. He was the lead technical writer of UNDP’s 2016 biodiversity finance initiative (BIOFIN) workbook, and has managed studies on habitat banking, ecosystem restoration and biodiversity finance for the European Commission.

Mark Gough Executive Director

Mark led the collaboration that delivered the Natural Capital Protocol, a standardised global framework for including natural capital in decision making. Mark previously worked for The Crown Estate and Reed Elsevier. Mark is a Director of the Aldersgate Group and a member of the TEEB Advisory board. He has sat on a number of national and international committees, including the Steering Committee of the United Nations CEO Water Mandate and the Board of the Alliance for Water Stewardship.

Ben KellardAssociate Director, Net Positive

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Sonja HautManager FES Impact Valuation / Integrated Reporting for

As Associate Director of Net Positive, Ben helps Forum’s partners to go further and faster on sustainability. He does this by heping them to develop bold sustainability strategies and tackle complex sustainability challenges. After studying Politics and then Philosophy at Edinburgh, Ben trained as an Organisation Development consultant at Ashridge Business School, where he worked with clients such as Novartis and the NHS. he then worked as an internal consultant at HBOS at a time of unprecedented change. Ben is also a member of the Chartered Institute of Personnel and Development.

Sonja Haut has worked on impact valuation since October 2015. Prior to this, she served as Head Group Reporting Systems Development in Group Finance, launching and implementing new reporting processes for Group functions since 2008. Sonja joined the Novartis Pharma Division in 2001. In 2005, Sonja earned an MBA from IMD (International Institute for Management Development), and holds Master degrees in Mathematics and Physics from the University of Freiburg.

SPEAKERS

Pippa Howard Director of Extractives & Development Infrastructure

Pippa has degrees in Environmental Science, Marine Biology, Zoology and Development Management and is a registered Professional Natural Scientist with over 25 years’ experience in biodiversity conservation, environmental management, impact assessment, development and sustainability. Pippa directs and is responsible for FFI’s initiatives and partnerships with multinational corporations and all corporate affairs. She is passionate about achieving positive outcomes for biodiversity whilst working with sectoral leaders to achieve NPI.

Jon KhooInnovation Partner

Jon Khoo is an Innovation Partner at Interface with a focus on sustainability, inclusive business and intrapreneurship. Jon works on the Interface and the Zoological Society of London’s (ZSL) Net-WorksTM partnership and is responsible for Interface’s membership of NextWave, a collaborative initative between corporates, scientists, and NGOs to figure out how to integrate ocean-bound plastics into products in a way that is scalable and sustainable. Jon also serves on the trustee board of UK environmental charity, Surfers Against Sewage.

Annelisa Grigg Principal Specialist, Business and Biodiversity

Annelisa is a senior advisor to UNEP-WCMC focusing on the provision of data and insights to private sector decision makers. UNEP-WCMC is working with the Natural Capital Coalition to explore the data needs and challenges companies face in undertaking natural capital assessments and how these can best be met. Annelisa has more than 20 years’ experience advising companies and civil society on the business risks and opportunities associated with biodiversity and ecosystem services and approaches to managing them.

Andrew Howard Head of Sustainable Research

Andy is Head of Sustainable Research at Schroders, where he is responsible for thought leadership and ESG integration. Prior to joining Schroders two years ago, he founded Didas, an independent research firm focused on long term investment analysis. He also spent seven years at Goldman Sachs, where he led the firm’s GS SUSTAIN research product. Andy has received Extel and Institutional Investor awards for leadership in sector research. He received an MBA from INSEAD in 2005.

Jonathan Labrey Chief Strategy Officer

Jonathan Labrey leads the IIRC’s global strategy and policy work, creating the conditions for regulatory endorsement and market adoption of integrated reporting across the world. Since joining the IIRC in March 2012 he has travelled widely, developing a deep insight into corporate governance and reporting trends globally, especially in Asia where he was based in 2014. He is a member of the European Commission’s Management Committee for Implementation of the UN SDGs and the Sustainable Stock Exchanges Advisory Group on Securities Regulators and the SDGs.

Oliver Greenfield Convenor, Green Economy Coalition

Oliver’s work with the Green Economy Coalition is to accelerate the transition to green economies by building evidence, tracking the status of the global transition and convening diverse stakeholders around shared policy goals. He has also led WWF UK’s Sustainable Business and Economics work and managed change in the public sector and in industry. He has degrees in engineering and business and has worked with many organisations and cultures for social, environmental and economic value.

Mark Graham Technical Director

Dr Mark Graham has recently been appointed as Technical Director of the Social and Human Capital Coalition. His role over the rest of this year is to finalise the Social and Human Capital protocol through a range of public consultation processes. Since leaving PwC in 2016 (where he headed up the UK Social Investment and Enterprise team) Mark has provided advice on social and economic impact issues for Pro Bono Economics and the University of Edinburgh Data Driven Innovation Programme.

Kerry ten Kate Director

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Bruno van ParysCorporate Sustainability Sr Officer

Eva Zabey Director, Redefining Value

James Spurgeon Director

James established Sustain Value in 2011 as a network based consultancy to help businesses incorporate natural and social capital issues within decision-making and reporting. He is on the Natural Capital Coalition Advisory Panel and led the EU B@B Natural Capital Accounting for Business workstream. He has 25 years consulting experience covering environmental and social impacts and valuation, net impact assessments, biodiversity offsetting, SDGs and integrated value reporting - for businesses, banks, governments and insurance firms. His clients include, amongst others, IFC, Roche, International Paper, WPP, Shell and Antofagasta.

Bruno joined the Corporate Sustainable Development department at Solvay after 25 years of successful management experience in international business of chemicals and biomaterials. For 2 years he has headed the Solvay Sustainable Portfolio Management (SPM) tool that provides strategic input on sustainability performances of Company portfolio and guides business decision-making processes, on one axis to lower the environmental impact and therefore reduce risk, and on another axis to bring solutions that meet customers/market needs to generate higher growth.

Kerry ten Kate directs Forest Trends’ Business and Biodiversity Offsets Programme (BBOP): 80 companies, banks, government agencies and NGOs working for a net gain of biodiversity. She also heads Forest Trends’ biodiversity initiative, advising governments, companies and banks planning for ‘Net Positive’ impacts on biodiversity. Kerry served on the Secretariat of the United Nations Conference on Environment and Development in 1992 (the “Rio Earth Summit”), and has written extensively for Science and International Affairs, broadcast for BBC Radio 4 and the World Service, and served on the UK’s Natural Capital Committee.

Eva leads the WBCSD’s work on natural, social and human capital measurement and valuation for business decision-making towards integrated performance management, and ultimately reporting for investors. She led the WBCSD’s consortium that developed the Natural Capital Protocol on behalf of the Natural Capital Coalition. Over the 13 years at WBCSD, she has led, for example the Global Water Tool and a natural capital short film series. She delivered a TEDx talk in 2012 on valuing nature in business. Eva has a BSc in Ecology from Imperial College London and a Masters in environmental management from EPFL, Switzerland.

SPEAKERS

Dr Sally Uren OBEChief Executive

Sally oversees Forum’s mission to accelerate a big shift towards a sustainable future by catalysing transformational change in global systems. This involves working with global organisations, to address complex challenges in systems such as food, energy, apparel and shipping. Sally is directly involved in a number of projects at Forum including Cotton 2040, a collaboration to accelerate the mainstreaming of sustainable cotton. As well as regularly speaking at conferences and writing for publications, Sally is also an independent advisor on Advisory Boards for several global businesses.

Nick WhiteSenior Advisor

A graduate of the University’s of Manchester (BA Hons) and Leeds (MA and PhD) Nick joined Natural England in 2008. Previously Nick worked as a manager in the National Health Service in Lancashire, was the Historical Advisor for the Imperial War Museum-North, ran a charity in London and coordinated the London Biodiversity Partnership. Nick leads Natural England’s work developing and securing environmental ‘net gain’ outcomes from development (both biodiversity and natural capital). Nick works closely with developers, local authorities and across Government supporting the adoption and mainstreaming of net gain.

Jeremy Nicholls CEO

Jeremy’s work with membership networks for those interested in measuring, managing and accounting for their social value, united by a common vision of changing the way the world accounts for value. He is a director of the FRC Group, a member of the IRIS advisory committee, a contributor to the Social Stock Exchange admissions panel, on the ICAEW Assurance Panel, and a member of the Social Impact Measurement Sub-group of GECES for the EU. He is a regular speaker and writer on social value and SROI guides

Gordon Rogers Head of Sustainability

Gordon is a champion of sustainability and responsible business, with a focus on water, natural capital and climate change. As Head of Sustainability at Yorkshire Water, Gordon has embedded a cross-business programme of sustainability activity that drives continual improvement across the company’s environmental, financial and social priorities. Over recent years, Gordon has focused on introducing to Yorkshire Water the concepts of the Capitals and Integrated Reporting.

Vicky Murry Sustainability Manager

As Sustainability Manager Vicky is on the constant look out for opportunities to do things in ways that have maximum benefits to people, plants and the planet. She leads the development of Pukka’s Regenerative Health sustainability strategy and its delivery across the business, including the development of science-based carbon reduction targets. With over 9 years as a strategic sustainability advisor Vicky spends most of her time with one eye on the future, believing that when you bring tomorrow’s challenges into focus you begin to demand a lot more from today.

8.15

Session 1: Net Impact Approaches: Recent developments and plans for the future.This session will introduce the different strands of Net Impact Approaches, set out the objectives for the day, and explore recent developments and plans for the future.

Welcome and objectivesNet Impact Approaches: What it means, outcomes from last year’s event and objectives for the day. James Spurgeon, Director, Sustain Value & Phil Clarke, Director, Consciam

Panel discussion: Recent developments and planned initiatives in the Net Impact spaceSession Moderator: Eva Zabey, Director, Redefining Value, WBCSD

Natural Capital Coalition perspectives: Mark Gough, CEO, Natural Capital Coalition

Social Value UK perspectives: Jeremy Nicholls, CEO, Social Value UK

Forum for the Future perspectives: Ben Kellard, Associate Director, Net Positive, Forum for the Future

Business and Biodiversity Offsets Program perspectives: Kerry ten Kate, Director, Business and Biodiversity Offsets Programme

Contributions from the floor: What are you up to in this space?Moderated by Eva Zabey, with support from Phil Clarke and James Spurgeon Discussions in small groups followed by brief contributions from the floor on what participants are doing in the space, in particular on collaborative initiatives and helping to scale things up.

Registration, coffee and networking

9.00

10.30 Coffee & networking

Session 2: Net impact in practiceThis session will provide examples of best practice covering: goals, the business case, methodologies, measurement approaches & tools, key challenges, lessons learned – and what is needed to scale up.

Session Moderator: James Spurgeon, Director, Sustain Value

Detailed case studies (15 min presentations plus 5 mins Q&A each)

A multi-capital valuation approach to corporate reporting and decision-making. Covering links between site and company level impacts, with special focus on natural social and intellectual capitals. Gordon Rogers, Head of Sustainability, Yorkshire Water

Attaining a Net Positive Supply Chain using impact valuation. Including links with Science Based Targets, SDGs and the need for a landscape level approach. Chris Brown, Vice President Corporate Responsibility and Sustainability, Olam

Financial, environmental and social impact valuation: applications at a company and country level. Particular attention will be given to valuing social and human impacts. Sonja Haut, Manager FES Impact Valuation/Integrated Reporting, Novartis

Quick-fire case studies (max 10 min presentations plus 5 mins Q&A each)

Assessing net impact using Sustainable Portfolio Management – a Life Cycle Assessment valuation approach for product impact assessments. Bruno Van Parys, Corporate Sustainability Senior Officer, Solvay

The ‘Proof Positive Concept’: Our journey from reducing negative impacts to creating a positive carbon impact. Jon Khoo, Innovation Partner, Interface

Becoming a ‘Net Positive’ company. How Seacourt Printing has become Net Positive and a leading European SME for sustainability – covering water, chemicals, waste and carbon. Jake Backus, Empathy Consultants, on behalf of Seacourt Printing

Open Discussion - 15 mins Q&A for all presenters

11.00

AGENDA

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9.10

10.00

1.00

Session 3: Overcoming challengesThis session will involve 4 parallel break-out groups covering key issues highlighted previously as being important to deal with. Each group will set out one or more key challenges with the help of a brief presentation or two, discuss the issues with attendees and report back in the final session.

Break-out Groups: Short presentation by group leaders, then facilitated group discussions.

Group 1 - Net Positive - Getting started: Making the business case, first steps and scaling up activities Ben Kellard, Forum for the Future, Vicky Murray, Pukka Herbs plus input from other companies.

Group 2 - The output is only as good as the input: dealing with the flow of data; sharing, consistency, costs, quality, sources for net impact assessments etc. Mark Gough, Natural Capital Coalition, Annelisa Grigg UNEP-WCMC plus input from other companies.

Group 3 - Monetary valuation: What evidence and accuracy is needed for decision-making and reporting; and what are the assurance needs? Jeremy Nicholls, Social Value UK, Tom Beagent, PwC, plus input from other companies.

Group 4 - Accounting for Net Impacts of Biodiversity within a Natural Capital framework. An ‘interactive surgery’ to share what is being done in this space and explore what is needed to facilitate uptake by businesses. Kerry ten Kate, Forest Trends, Julia Baker, Balfour Beatty, Ian Dickie, eftec, and Dr Nick White, Natural England.

Lunch and networking

1.45

3.15 Tea and networking

Session 4: Scaling upThis session will bring together key ideas presented during the day, in particular the break-out session outputs, and explore the enabling environment to consider what actions and policies etc.. are needed to scale things up.

Part A) Feedback from break-out groups. Maximum 5 minute summary from each break-out group – helping to inform Part B.

Part B) Panel discussion followed by open floor discussion.

Session Moderator: Sally Uren OBE, Chief Executive, Forum for the Future

An NGO Perspective - with reference to Net Positive approaches in extractives sector Pippa Howard, Director, Business and Biodiversity at Fauna and Flora International

A social & human capital business perspective – and the newly launched Coalition Mark Graham, Technical Director, Social and Human Capital Coalition

A government perspective - and the 25 Year Environment Plan Daniel Barwick, Natural Environment Strategy Team, UK Defra

A business reporting perspective - key trends in reporting Jonathan Labrey, Chief Strategy Officer, International Integrated Reporting Council

A world alliance for a green economy perspective - the transformations needed Oliver Greenfield, Convenor, Green Economy Coalition

A finance perspective - valuing business externalities to inform investments Andrew Howard, Head of Sustainable Research, Schroders

Plus audience inputs - in particular from academia, businesses and others

3.45

4.05

5.15 Close (followed by networking drinks)

#NetImpactApproaches18

AGENDA