Werte schaffen, Wirkung erzielen

Transcription

1 Werte schaffen, Wirkung erzielen Wie lässt sich der Unternehmensbeitrag für die Gesellschaft messen Hendrik Fink (PwC) und Christian Heller (BASF) Fachkonferenz Verantwortung 8. September 2017, Goethe Universität, Frankfurt am Main 1

2 In line with leading global initiatives Impact Valuation Roundtable White Paper 2

3 Recent survey shows 78% of companies SAY they are valuing their impacts, but only 25% communicate externally 3

4 Measuring value building on the current model 4

5 Measuring the impact on people is the right measure for the Impact Explorer There are multiple ways to carry out environmental and social valuation, PwC uses the Impact on people method as this gives a true measure of impact and represents how corporate activities impact society. It is a method that is widely used by policy appraisers and policy decision makers. 5

6 We create chemistry for a sustainable future What is our value contribution? Starting questions in 2013 What is value? And for whom? What is the objective of the calculation? What models and metrics are available? What are best practices? What standards are developed? What data are requested? What expertise is required? 6 Verbund sites and 352 other production sites Sales: 57,550 million > 30,000 raw materials purchased > 75,000 direct suppliers > 300,000 customers in almost every industry > 60,000 product application in the market Business partners in almost every county Our task: Design a pragmatic model to measure our Value-to-Society. 6

7 Our solution: A consistent and scalable model to quantify and value externalities Supply chain Own operations Customer industries Reference points Data Quantification Valuation Purchase profile: Primary data Output: Industry data Supplier impact pathway ESCHER input-output modelling Output: Primary data Aggregation of operational data Multiplication with PwC s valuation coefficients Sales profile: Primary data Output: Industry data Customer impact pathway Input-output modelling Basis: PwC s TIMM framework Aligned with Natural & Social Capital Protocol Informed by Impact Valuation Roundtable Model delivers results, which are directionally correct. 7

8 Value-to-Society: A comprehensive assessment of our impacts on society in monetary terms Financial impacts Monetized pre-financial impacts Net income Amortization Depreciation Wages Taxes Human capital Health & safety Air emissions Water emissions Water consumption GHGs Land use Waste Economic Social Environmental Impact categories Consistent application at corporate, project, and product level Additional aspects included at project and product level Value chain Corporate level: Production cycle supply chain, own operations, customer industries Project and product level: Use phase and end-of life integrated on a case-by-case basis Scoping guided by materiality, feasibility, availability of data and methods. 8

9 Benefits and limitations for the usability of Value-to-Society at corporate level Positioning Progress monitoring Decision making Goal setting Communication Over time Risk exposures Corporate targets along Reporting Industry benchmark Business opportunities the value chain Advocacy Relevance of impacts Data accuracy and granularity Maturity level of quantification and valuation methods Additional benefits at project & product level (e.g. site development, M&A, R&D, marketing) Value-to-Society provides complementary information to existing measurement tools. 9

10 BASF s Value-to-Society 2016: Fourth year in a row net positive contribution Profits Depreciation Taxes Wages & benefits Human capital Health & safety Air pollution GHGs Land use Waste Water consumption Water pollution Full external supply chain Own operations Customer industries Indirect suppliers Direct suppliers Customers in industries supplied by BASF bn bn bn Value contribution by BASF purchase Value contribution by BASF operations Value contribution made by BASF sales Improved integrated thinking through increased understanding of interdependencies. 10

11 BASF s Value-to-Society in a nutshell How to increase convergence of methods? Enabling comparability How do stakeholders use the provided information? Being rewarded for efforts What are value-generating application areas within a company? Improving long-term business resilience and success How to achieve an approved, mature, and standardized model? Embedding in reporting and accounting 11

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