The Increasing Importance of Ecosystem Services by Pavan Sukhdev
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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.
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The Increasing Importance of Ecosystem Services by Pavan Sukhdev
- 1. www.corp2020.com @Corp2020 Swedbank, Stockholm 26th September 2013 The Increasing Importance of Ecosystem Services Pavan Sukhdev Study Leader – TEEB CEO – GIST Advisory
- 2. www.corp2020.com @Corp2020 Courtesy : Yann-Arthus Bertrand, GoodPlanet
- 3. www.corp2020.com @Corp2020 About Rainforests and Rainfall…. • http://www.vets.ucar.edu/vg/T341/index.shtml
- 4. www.corp2020.com @Corp2020 Amazonia: Economic Invisibility of Freshwater Amazon Rainforest “Water Pump” Evapo-transpiration puts 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 11/29/2013 (Global Canopy Programme & Canopy Capital Ltd, 2008)
- 5. www.corp2020.com @Corp2020 For Poverty Reduction Indonesia India 21% Brazil 10% 16% Ecosystem services as a % of classical GDP 90% 79% Ecosystem services dependency 84% 99 million 352 million 47% 25% Ecosystem services as a % of “GDP of the Poor” 20 million 11% 53% 75% 89% Ecosystem services Source: Gundimeda and Sukhdev, TEEB for National & International Policy
- 6. www.corp2020.com @Corp2020 For Business.. Dependencies Opportunities • • • • • •Green Carbon •Bio-mimicry •Cradle-to-cradle •Etc etc Climate stability Agri-productivity Materials Medicines Etc etc Impacts • • • • Emissions Land Use Change Freshwater Etc etc Risks •Business Disruption •Resource Prices •Social Licence to Operate… •Etc etc
- 8. www.corp2020.com @Corp2020 The Risk Picture.. • Negative externalities of top 3,000 companies estimated at US$2.15 trillion per annum Source: Trucost for UNPRI, 2010.
- 9. www.corp2020.com @Corp2020 Negative Corporate Externalities ….. Top 3,000 Listed Companies Source: Trucost for UNPRI, 2010.
- 10. www.corp2020.com @Corp2020 ….. Pushing Planetary Boundaries Greenhouse Gases Natural Resources Greenhouse Gases Natural Resources Natural Resources Water Abstraction
- 11. www.corp2020.com @Corp2020 What will drive change? Macro Issue Micro Driver Micro Solution Excessive Demand Culture of Consumerism Fuelled by Marketing/ Advtg Ethics & Accountability in Advertising Underpriced Supply Unlimited leverage Limit Leverage/capital adequacy/etc. Resource Depletion Underpriced resources (Low royalties / perverse subsidies) Resource Taxes replace corporate taxes Public Capital Losses Externalized costs Measure & Disclose Externalities
- 12. www.corp2020.comStakeholder Why @Corp2020 Reporting? Business today depends on, and/or has impacts on, ALL dimensions of private & public wealth but.. ͙ EXAMPLES Physical Capital Human CapitalSocial Capital Natural Capital Private Ownership - Factories Buildings Securities Cash - Health - Education - Job Skills Community Ownership * (club goods) - Community Centres - Community Schools - Traditional knowledge - Community Norms and Customs - Community Forests - Grazing Commons - Public databases - Non-patent knowledge - Law & Order - Taxation - Social Equity & Inclusion - High Seas fisheries - National Parks/ Forests Public - Roads Ownership * - Bridges (public goods) - Gardens - Fields - Forests * Creating community wealth and public wealth creates “shared value”
- 13. www.corp2020.comStakeholder Why @Corp2020 Reporting? Business today generally measures & reports only shareholder wealth impacts: private physical capital EXAMPLES Physical Capital Human CapitalSocial Capital Natural Capital Private Ownership - Factories Buildings Securities Cash - Health - Education - Job Skills Community Ownership (club goods) - Community Centres - Community Schools - Traditional knowledge - Community Norms and Customs - Community Forests - Grazing Commons - Public databases - Non-patent knowledge - Law & Order - Taxation - Social Equity & Inclusion - High Seas fisheries - National Parks/ Forests Public - Roads Ownership - Bridges (public goods) - Gardens - Fields - Forests
- 14. www.corp2020.comStakeholder Why @Corp2020 Reporting? Business for a sustainable tomorrow - will measure & report on LL dimensions of its impacts ͙ EXAMPLES Physical Capital Human CapitalSocial Capital Natural Capital Private Ownership - Factories Buildings Securities Cash - Health - Education - Job Skills Community Ownership * (club goods) - Community Centres - Community Schools - Traditional knowledge - Community Norms and Customs - Community Forests - Grazing Commons - Public databases - Non-patent knowledge - Law & Order - Taxation - Social Equity & Inclusion - High Seas fisheries - National Parks/ Forests Public - Roads Ownership * - Bridges (public goods) - Gardens - Fields - Forests
- 15. www.corp2020.com How Stake Holder Reporting? @Corp2020 GIST 360o TM Assessment.. Financial Value Addition Natural Capital Externalities Human Capital Externalities Social Capital Externalities Measuring “Value Addition” holistically, including all material Externalities
- 16. www.corp2020.com @Corp2020 Disclosing Externalities : PUMA PUMA Press Release, November2011
- 18. www.corp2020.com TEEB for Business @Corp2020 Coalition: Measuring, Valuing, Disclosing Externalities WBCSD… GRI… CEF… CDP, WDP… Quantifying Usage, Discovering Depend-encies & Impacts Emissions /tCOe Freshwater / CuM Forests LUC / Ha Pollution / … Waste / … (Value Chain Impacts “Cradle to Gate”) TEEB for Business Coalition & Network Standardizing & Valuing Impacts Economic Costs of Emissions, Freshwater Use, Deforestatio n, Pollution, Waste … IIRC, SASB, & Accountancy Regulators Disclosing Impacts in “One Report” Framework for Integrated Reporting of All Externalities… incl Social & Human Capital..
- 19. www.corp2020.com TEEB for Business @Corp2020 Coalition: Measuring, Valuing, Disclosing Externalities ‘TEEB4BC’ Report (15th April 2013) on Measuring & Valuing Externalities by Business Sector & Region….. www.teebforbusiness.com
- 20. www.corp2020.com @Corp2020 Corporation as “Community” : Natura Greater Economic Security for Women http://totallybeautyaddict.fr/mon-jolieapero-chez-natura-brasil/ Source: http://www.managementexchange.com/story/innovation-in-well-being
- 21. www.corp2020.com @Corp2020 Alessandro Carlucci Pavan Sukhdev CEO, Natura Author, “Corporacao 2020”
- 22. www.corp2020.com @Corp2020 What will define a “Corporation 2020”? – Social Purpose: Goals Aligned with Society – Capital Factory: Positive Externalities – Institute: Creating Human Capital – Community: Creating Social Capital
- 23. www.corp2020.com @Corp2020 In Summary : Reforms for “Corporation 2020” to become the DNA of Business Accountable Advertising : Making advertising responsible & accountable via norms & standards Limiting Leverage : Introducing rules & limits to govern financial leverage Resource Taxation : Replacing Corporation Tax (profits) with Taxes on Resource Use & Extraction Disclosing Externalities : Measuring & disclosing all major corporate externalities (+ve & -ve) From : www.corp2020.com Source: Why Corporation 2020?, Island Press, 2012
- 24. www.corp2020.com @Corp2020 Thank You ! Pavan Sukhdev www.gistadvisory.com www.corp2020.com