TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2024-11-23 Page is: DBtxt003.php L0700-II-SUSTAINABILITY

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SUSTAINABILITY

REPORTING SUSTAINABILITY BY BUSINESS

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IIRC-Integrated-Report-2016 ... Journey-to-Breakthrough
Challenges In spite of the real progress we have made in 2016, we accept the scale of the challenge we have set ourselves. With so many important capital markets players, initiatives and developments across the globe with which we would like to actively engage, our resource constraints limit our capacity. The complexity of the corporate reporting system remains an obstacle to better reporting, underlining the importance of the continued work of the Corporate Reporting Dialogue. And whilst investors are increasingly engaged, it will take time to bring about real behavioural change that builds the bridge between better reporting and better capital allocation.

'http://truevaluemetrics.org/DBpdfs/Sustainability/IIRC/IIRC-Integrated-Report-2016-Journey-to-Breakthrough.pdf'

Open PDF ... IIRC-Integrated-Report-2016-Journey-to-Breakthrough

TPB note 170807: This diagram does NOT lend itself to management metrics ... rather it complicates matters as for example in the need to differentiate between outputs and outcomes. This is a result of the lack of clarity about progress and performance and the lack of a clear framework or architecture for the metrics. This is why TVM is so important!

How TVM enhances the IIRC / IR approach

Open L0700-TVM-and-IR

Of many hundreds of diagrams that attempt to describe sustainability, this one has more of the elements that are relevant to TVM than most
The diagram has many of the flows that are important for understanding how the system works, but there is still not enough clarity about the ideas of BEGINNING STATE --- THE ACTIVITIES FOR A PERIOD ... THE STATE AT THE END OF THE PERIOD.
Accordingly this diagram does not help enough in giving an easy way to measure PROGRESS where PROGRESS is the IMPROVEMENT in STATE fom the BEGINNING of the period to the END of the period

Further comment:
On the left hand side, 'biosphere' and the 'lithosphere (materials)' are shown which are similar to the segmentation of NATURAL CAPITAL that is used in TVM. There is nothing to indicate that these change as a result of the activities within the system.
There are no flows shown for the flows out of and into SOCIAL CAPITAL or ECONOMIC CAPITAL though 'people' and 'capital' are shows as bubbles in the center.
Employment and wages as well as investment and dividends are flows that end up in the community ... but it is not clear what sort of entity a community is. in TVM there is the concept of LOCATIONAL CAPITAL (LC)
Taxes and regulations are flows associated with government in this diagram.
Energy and materials seem to flow from the biosphere and the lithosphere through SUPPLIERS for energy and materials into PROCESSES and then out as products and services to CUSTOMERS.
There are waste and emissions from PROCESSES and more waste from the customers

The challenge is to number this easily, meaningfully, at low cost, quickly. A big first step is to get some meaningful measures / indicators of the absolute scale of the impacts on ALL of the CAPITALS


This diagram is from a collection of more than 200 diagrams depicting 'sustainability.
Here is the collection as a PDF	Open PDF
Here is an external link to the collection href= 'https://computingforsustainability.com/2009/03/15/visualising-sustainability/'	Open external link

122 Pages

CSRhub-How-to-improve-your-CSR-score-2018 Cynthia Figge & Bahar Gidwani ... COO & CEO and Co-founders of CSRHub 'http://truevaluemetrics.org/DBpdfs/CSR/Other/CSRhub-How-to-improve-your-CSR-score-2018.pdf'	Open PDF ... CSRhub-How-to-improve-your-CSR-score-2018.pdf
Sattva-CSR-Execution-Handbook-2016 'http://truevaluemetrics.org/DBpdfs/CSR/Other/Sattva-CSR-Execution-Handbook-2016.pdf'	Open PDF ... Sattva-CSR-Execution-Handbook-2016.pdf
L0700-IN-NJ-Green-Economy	Open L0700-IN-NJ-New-Green-Economy
Supply-chain-and-sustainability Global supply chains play a critical role in many of the most pressing environmental stresses and social struggles identified by the United Nations’ Sustainable Development Goals (SDGs). Responding to calls from the global community, companies are adopting a variety of voluntary practices to improve the environmental and/or social management of their suppliers’ activities. We develop a global survey of 449 publicly listed companies in the food, textile, and wood-products sectors with annual reports in English to provide insight into how the private sector contributes to advancing the SDGs via such sustainablesourcing practices. We find that while 52% of companies use at least one sustainable-sourcing practice, these practices are limited in scope; 71% relates to only one or a few input materials and 60.5% apply to only first-tier suppliers. We also find that sustainable-sourcing practices typically address a small subset of the sustainability challenges laid out by the SDGs, primarily focusing on labor rights and compliance with national laws. Consistent with existing hypotheses, companies that face consumer and civil society pressure are associated with a significantly higher probability of adopting sustainablesourcing practices. Our findings highlight the opportunities and limitations of corporate sustainable-sourcing practices in addressing the myriad sustainability challenges facing our world today. 'http://truevaluemetrics.org/DBpdfs/Sustainability/Supply-chain-and-sustainability.pdf'	Open PDF ... Supply-chain-and-sustainability.pdf
Embankment Project for Inclusive Capitalism A 122 page report https://www.epic-value.com/static/epic-report-web-df894ad112b70406d9896c39f853deec.pdf 'http://truevaluemetrics.org/DBpdfs/Metrics/EPIC/EPIC-Report-on-Inclusive-Capitalism-2018.pdf'	Open PDF ... EPIC-Report-on-Inclusive-Capitalism-2018

Today, more than $62 trillion of worldwide wealth is managed by firms who have committed to the UN Principles of Responsible Investment (UNPRI).


9. Venn 3 with callouts Swiss Transport Research Project
SUSTAINABILITY - CIRCULAR ECONOMY - REUSE - RECYCLE L070-AF-SUSTAINABILITY-Circular-Economy-Reuse	Open L0700-AF-SUSTAINABILITY-Circular-Economy-Reuse
SUSTAINABILITY ACCOUNTING The text for this description of sustainability has been obtained with only small changes from WikiPedia A review and edit is planned	Open L0M00-SUSTAINABILITY-ACCOUNTING Open L0700-SUSTAINABILITY-ACCOUNTING Open L0700-UNSUSTAINABILITY-ACCOUNTING

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Rethink the Runway: Mainstreaming Sustainable Fashion ... Eileen Fisher is just one of many designers working to push sustainable fashion into the mainstream.
http://www.triplepundit.com/special/rethink-reuse-savers/rethink-runway-mainstreaming-sustainable-fashion/

Open external LINK to a slideshare slideset

800 600	Clothesline: Canadian Diabetes Association’s Winning Partnership with Value Village http://www.triplepundit.com/special/rethink-reuse-savers/clothesline-canadian-diabetes-association-value-village/	Open external LINK to a slideshare slideset
	Together We Can Rethink Reuse http://www.triplepundit.com/special/rethink-reuse-savers/rethink-reuse/	Open external LINK to a slideshare slideset
	Upcycling Goes High Fashion http://www.triplepundit.com/special/rethink-reuse-savers/upcycling-goes-high-fashion/	Open external LINK to a slideshare slideset


A Call to Action for Consumers, Companies, and Communities In this series sponsored by Savers, we’ll take a deep look at the power of reuse. We’ll explore the economic, social and environmental benefits of reuse and upcycling and spotlight organizations that are innovating in apparel and beyond. A new report from Savers is all about this challenge. The global thrift retailer surveyed 3,000 Americans and Canadians about their habits around waste, reuse, and recycling. More in this Series As part of Savers’ I Give A Shirt campaign and art installation this August in Vancouver, B.C., the barrels pictured demonstrate 700 gallons of water -- the amount of water it can take to make a single new cotton T-shirt.	Open PDF ... Savers-community-impact-report-2016

?? Sustainability-01-landfill.jpg

Upcycling Goes High Fashion
http://www.triplepundit.com/special/rethink-reuse-savers/innovative-reuse-solve-waste-problem/

Open external LINK

800 600

3p Weekend: Innovative Reuse Can Solve Our Waste Problem
http://www.triplepundit.com/special/rethink-reuse-savers/innovative-reuse-solve-waste-problem/