Yarra Valley Water
Yarra Valley Water, Melbourne's largest water utility, published the first ever Integrated Profit and Loss (IP<M) report in the water sector. The study reveals that the company provides AU$ 72.4 million benefits to environment and society.
Sweden's largest forest owner Sveaskog adopts Integrated Profit and Loss (IP<M) to look beyond financial performance and provide a broader, multidimensional view to its stakeholders in 2017.
Conservation Wildlands Trust (CWT)
Part of the Ashok Piramal Group, Conservation Wildlands Trust (CWT) is an initiative to promote community-based wildlife conservation in India. GIST Advisory works with CWT to measure the total economic value creation for beneficiaries and social return on investment (SROI) as result of its community health and skill training programs in the Pench Tiger Reserve area, in India.
weden's largest forest owner Sveaskog adopts Integrated Profit and Loss (IP<M) to look beyond financial performance and provide a broader, multidimensional view to its stakeholders. Please download report to get an overview of Sveaskog's performance in 2017.
Yarra Valley Water
Yarra Valley Water, Melbourne's largest water utility, published the first ever Integrated Profit and Loss (IP<M) report in the?water sector. The study reveals that the company provides AU$ 72.4 million?benefits to environment and society..
Conservation Wildlands Trust
Conservation Wildlands Trust (CWT) publishes first Annual report for the year 2016-17; demonstrating total economic value creation for local communities (in collaboration with GIST Advisory) in Pench region.
AMATA published the IP<M report as an integrated analysis of the externalities generated by the company in 2014, and to leverage the business plan considering the management of identified externalities.
AkzoNobel has used the 4D Profit and Loss (4D P&L) methodology to represent value creation in multiple dimensions. For them, this is a totally new way of looking at an economy, where the impact of their company on society at large was be assessed.
Soneva Group created 'Soneva Total Impact Measurement' along with GIST Advisory to measure its Human Capital and Social Capital externalities.
Infosys has used Human Capital impact to depict the value their employees generate at their training center
Forest Ecosystem Valuation Study: Indonesia
The FEVS report demonstrates the results and analysis of the multiple benefits provided by forest related ecosystem services for Indonesia’s economy and the impact it has on the livelihoods of the rural communities.
IGEM Green Economy Model
The Indonesia Green Economy Model (I-GEM) study aims to evaluate trade-offs and test the sustainability dimensions of policy interventions. I-GEM provides the international green economy discourse with an approach that has been vetted by policymakers and with the potential for replication in other regions.
National Planning for Food Security: Punjab, India
The modules describe the project undertaken to do capacity building in Punjab, India.
Coffee Ecosystem Services and Biodiversity Impacts Study: Karnataka
This report discusses the vital role of Indian coffee towards ecosystem services and livelihoods.
Creating Demand for Sustainable Palm Oil through Tariff Policies in India & Indonesia
This report looks at the market dynamics between Indonesia and India with respect to their trade of palm oil, and seeks to estimate whether there is potential for a policy-led market mechanism that would help create demand for sustainable palm oil in India.
Monograph 1: The Value of Timber Carbon Fuelwood and Non-Timber Forest Products in India’s Forests
This monograph demonstrates that forest resources accounting is feasible in India at a disaggregate level using a 'top-down' approach. The results give a view of how different regions are doing when their performance is measured by the sustainability yardstick. For instance the study clearly shows that the country's north-eastern region is far more important part of the national economy than is apparent from conventional national accounting.
Estimating the Value of Agricultural Cropland and Pastureland in India
In this monograph, the national accounts have been adjusted for land degradation associated with agriculture. The cost of soil nutrients replacement, sedimentation of waterways and rehabilitation of degraded land have been specifically considered. The study suggests that the 'true' economic contribution of agriculture in many states may be significantly smaller than generally assumed.
Monograph 4:The Value of Biodiversity in Indias Forests
This monograph evaluates the unaccounted economic value of India's biodiversity, in particular, eco-tourism, bio-prospecting, and the 'willingness to pay' for preserving flagship species in the wild. We found that these values are significant, both as 'per-hectare' accumulations to GSDP (state) and GDP (national) accounts for those states which have been losing forest cover.
Monograph 5: Estimating the Value of Educational Capital Formation in India
Human capital is one of the most important assets of a country and a key determinant of its economic performance. We argue that the cost of education should be viewed as investment as it generates streams of future income. This monograph attempts to estimate the monetary value of this human capital accumulation as a proportion of GDP at the national and state levels. Our findings suggest that human capital accumulation is not only very large but in some states, many times larger than physical fixed capital formation.
Monograph 7: Accounting for the Ecological Services of India’s Forests
monograph attempts to value three crucially important ecological functions of our shrinking forest ecosystems: prevention of soil erosion, augmentation of groundwater by improving recharging capacity, and reduction in flood damage through rainwater absorption. The results suggest that shrinking forest cover, especially in mountainous states, comes at a significant cost to the national economy.
Monograph 8: Accounting for Freshwater Quality in India
This monograph attempts to adjust national and state accounts for the degradation in water quality over a ten-year period. We have specifically considered the quality changes in groundwater and surface water. By adopting a replacement cost approach, the monetary value of the decline in water quality for each use has been estimated. This decline in quality has been treated in the same way as depreciation of man-made capital and has been adjusted against the state domestic products for each of India's states.
Samir Shah, Director of GIST SA and Managing Principle of Sattva Capital on Waste, Water and Sustainability related issues.
Dr. Jean Rogers speaks from a position of strength as the Sustainability Director at the Long Term Stock Exchange.
GIST's approach towards measuring integrated performance
GIST's approach towards measuring performance and impacts
What is Integrated Profit and Loss?
What is Natural Capital?
What is Natural Capital Externality?
What is Human Capital?
What is Human Capital Externality?
What is Social Capital?
What is Social Capital Externality?
What is Financial Capital?
What is Financial Value Addition?
Four Capitals Approach
Yarra Valley Water Testimonials
On Corporation 2020: Harrison Ford, Actor, and Vice Chairman, Conservation International – courtesy- Conservation International
The Holocene Strikes Back
Pavan Sukhdev, CEO of GIST on the dialectic of the Holocene in current times. The Holocene epoch is characterized by its resilience: its ability to spring back into shape after a period of serious disturbance. Is it possible that SARS-CoV-2 is a feedback mechanism to help the Holocene biosphere neutralize the effects of our disturbances? If so, then what can we do?
Why we need to redefine corporate performace
Forbes India has published an article that provides insight into evaluating impacts of businesses using the four capital approach - human, natural, financial and social.
Integrated Profit and Loss reporting
A brief published by the Stockholm Resilience Centre depicting a framework for integrating natural, human and social capital externalities when measuring corporate performance.
Yarra Valley Water provides AU$72.4 million benefits to environment and society
Yarra Valley Water in collaboration with GIST Advisory and Trucost becomes the first ever water utility to publish its Integrated Profit and Loss (IP<M ) account.
A Sanctuary Asia report on ZBNF (Zero Budget Natural Farming)
Our CEO Pavan Sukhdev provides insights into the?negative impacts of broken food systems on Nature and how a shift in farming approach tips?the balance towards sustainable food systems.
Economics, Accounting and the Sustainability Agenda
Acumen Magazine published an article explaining why businesses need to put a value on nature and factor this into accounting practices.
Quantifying External Factors
IPE (Investments & Pensions Europe) has published?an article on how to quantify external factors and how GIST Advisory is promoting alternative methods to quantify them.
A new way to meadure the value a company creates
Co-authored by our CEO Pavan Sukhdev and published in Water e-Journal, an online journal of Australian Water Association, this paper provides insights into application of?Integrated Profit and Loss(IP<M) to measure the value created by a company. Integrated Profit and Loss(IP<M) presents a broader perspective to measuring value when?compared to traditional accounting?and shifts the focus from 'value to shareholder' towards 'value to society'.
Poverty reduction and forest protection two sides of the same coin
Indonesia must curb deforestation, protect its threatened forests to achieve long-term prosperity and equity. A study lead by Pavan Sukhdev found that 76% of the income of the province’s rural poor was generated from ecosystem services provided by the forests.
Is the Future of Corporate Reporting 4D?
As companies and investors increasingly consider the impact of financial, natural, social and human capital on business operations, AkzoNobel’s new 4D approach may be the future of corporate reporting.
"Who should value nature?", Interview with Pavan Sukhdev
Is valuing nature as natural capital the way to reduce environmental degradation or a dangerous distraction that will commodify the environment? Alongside debates on if we should value natural capital is another question that is very rarely asked: who should value nature?
Pavan Sukhdev "The banker trying to put value on nature”
Pavan Sukhdev is pushing to create an accounting system that will force companies to assess the damage they're doing.
ESG: A New Dawn by Dr. Joseph Mariathasan
As ESG has become more mainstream, how do some firms move away from "greenwashing" when developing their own ESG metrics? The answer lies in measuring the true impact of companies on the world.
Emerging Market Debt - ESG: Taking Centre Stage by Dr. Joseph Mariathasan
ESG considerations are increasingly embodied in investment in emerging market debt ranging from environmental risks, ecological scarcities and social impacts that are or will be incorporated within organizations.
ESG Awareness Grows by Dr. Joseph Mariathasan
Small-cap companies are becoming more ESG aware, and companies need to move beyond ratings - towards impact measurement.
Shareholders or Stakeholders? by Dr. Joseph Mariathasan
Shareholder maximization philosophy is effective only when companies start internalizing their "negative" externalities.
Climate Change and Asia by Dr. Joseph Mariathasan
Climate change has more immediate dramatic implications in Asia and all the adaptation and mitigation strategies revolves around inclusion of ESG metrics that will act as tools for governments to incorporate regulatory changes and investment managers to account for these ESG impacts.
What should drive ESG investing? by Dr. Joseph Mariathasan
Management should run companies ‘to maximise shareholder value’ as opposed to operating companies for the benefit of all stakeholders - this can then drive ESG metrics.
Quantifying External Factors by Dr. Joseph Mariathasan
Dr Joseph Mariathasan in conversation with GIST Advisory on using alternative measures to quantify added value.
IPE Views: Discount rates and setting a price for nature by Dr. Joseph Mariathasan
The ethics of using discount rates when assessing investment opportunities.