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Similar to Sustainable Return on Investment - A New Way of Creating Lasting Social and Environmental Value for our Communities
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Sustainable Return on Investment - A New Way of Creating Lasting Social and Environmental Value for our Communities
- 3. Sustainable Change to improve People’s Lives
- 4. RealWorth Helps to Create Places Which… • Provide social and environmental value – Increasing equality – Reducing environmental decay • By… – Thinking, valuing, measuring and accounting differently – Putting a price on social and environmental change
- 5. Social & Environmental Value?
- 7. Employment & The Environment
- 9. Where is the Sustainable Value in Development?
- 10. Investment Social Climate Change Crime Affordable housing Financial Environmental A future View of Development?
- 11. Climate Change Investment Crime Affordable housing Financial Social Environmental The Current View?
- 12. Today’s Focus: Low Carbon / Renewables… BedZED – London, UK
- 13. Needs Shifting To: Integrated Sustainable Development Western Harbour – Malmo, Sweden
- 14. Today’s Language of Sustainable Change…
- 15. • Policy & Regulation • Compliance (eg. Planning Consents & Permitting) • Operational efficiencies • Awards / industry standards Includes…
- 16. Environment Sustainably sourced materials Distributed energy Social Community liaison committees Waste recycling Use of secondary materials Payment of Living Wage Green Roofs Biodiverse green space Energy efficient Buildings Charitable donations / Corporate Responsibility Apprenticeships Local Sustainable Supply Chain Alliances Employment of local labour Sustainable urban drainage Permeable Surfaces Considerate Contractors S 106 Agreements Mainly About Counting Costs…
- 17. But What If?...
- 18. Tomorrow’s Language & Approach… Could also incorporate the wider invisible financial value and benefits to everyone: – Investors / Policy Makers / Businesses And… – Residents – Communities – Society in general
- 19. Environment Flood Prevention Food Production Community Cohesion Social CO2e reductions Reduced Crime Improved Mental Health Educational Attainment Improved Physical Health Recreation Pride of Place Improved social cohesion Job Creation General Wellbeing Accessible Transport Recreation Mitigation of Heat Islands Visitor Numbers Less Loneliness Reduced Anti-Social Behaviour Bio Diversity Creation of Social Enterprise Recycled Materials Habitat Creation Reduced Debt Placemaking Local Amenities Measuring & Valuing Benefits…
- 20. Each of these has a monetary value….
- 21. Valuation Tools Making the Invisible Visible… Established, Readily Available Techniques: Life Cycle Assessment - to assess and compare materials used Ecosystem Services Analysis - to assess the value of natural landscapes and land- uses created Social Return on Investment - to assess the social impacts and benefits provided “Enough Precision for the Decision”
- 22. RealWorth Brings All This Together…
- 23. By Talking to People and Responding to their needs • Widely consult and actively listen at the outset • Set expectation in simple measurable terms • Continue during design and delivery phases • Maintain quality dialogue after completion • Feedback and report on actual results • Take action to improve
- 24. What Does It Tell Us? …
- 26. Application…
- 27. Why Do Sustainable Return on Investment? • Evaluating projects and programmes • Forecasting and scenario modelling of designs • Evidencing Grants & Loans • Compliance with the Public Services (Social Value) Act 2012
- 28. Providing a Platform for Creative Debate and Evidence To Influence and Convince: • Politicians - to commit resources to social and environmental aspects a project or programme, particularly in deprived areas • Funders - to invest or renew investment • Procurement officers & regulators - to grant permission for a project
- 30. Credibility… RICS Foundation Trust Research Prize… Combining social and environmental valuation techniques to understand the monetary value of social and environmental change in the built environment
- 31. Support… Part of an Accredited Network Guiding Principles: • Involve stakeholders • Understand what changes • Value things that matter • Only include what is material • Do not over-claim • Be transparent • Verify the results
- 32. Some Clients….
- 34. Beyond Projects…
- 35. Wider Applications • Capacity Building & Training • Organisational Change • Policy-making and Strategy Support • Investment decision making