The webinar will commence shortly...Using Alternative Finance to Build a Better World Charlotte Eddington COVID Recovery with Bristol City Leap Sonya Bedford Environment and Social

1 COVID Recovery July 2020

The webinar will commence shortly


SVP WEBINARClimate Emergency:A Green and Fair COVID Recovery

14:00 BST Thursday July 30th


Your Hosts and Panelists for today

Agnese Mizia

Head of Research

The Social Value Portal

Nathan Goode

Head of Strategy


Charlotte Eddington

Investments Director

Abundance

Sonya Bedford

Renewable Energy Consultant

Bristol City Council

Chris Hayes

Sustainability Operations Director

SCS Joint Venture


Content

Welcome and Introductions Nathan Goode

Using Alternative Finance to Build a Better World Charlotte Eddington

COVID Recovery with Bristol City Leap Sonya Bedford

Environment and Social Value Chris Hayes

Our New Consultation Platform Agnese Mizia

Panel Discussion and Q&A Nathan Goode


Social Value Portal

CONTRACT MANAGEMENT

An interactive solution designed to help organisations set targets and manage performance and

store evidence

PROCUREMENT

A procurement platform for social value to help organisations

manage the tender process and to unlock social value in the supply

chain

MEASUREMENT

A nationally approved accounting methodology for measuring social

value in terms of economic, environmental and social impact

REPORTING

Live reporting with interactive dashboards and displays including

geospatial mapping of value by area

The TOMs are mapped against the

Global Goals

The Social Value Portal is the market leader in social value measurement and reporting.

Our management tool helps organisations calculate their social value in terms of environmental, social and economic contributions.

We want to help you to measure, manage and maximise your broader contribution to society.

5


Beyond COVID“Global warming and the rise of inequality

together are the main challenge that the planet faces at the beginning of the 21st century”

Thomas Piketty

"Downscaling the Doughnut" - from Global Compass to Local Portrait

Social Ecological

Loca

l

What would it mean for the people here to thrive?

What would it mean for this place to thrive within its natural habitat?

Glo

bal What would it mean for the people

here to respect the wellbeing of people worldwide?

What would it mean for the people in this place to respect the health of the

whole planet?

https://www.kateraworth.com/deal/

?

How can we support a green and fair recovery from COVID?

https://www.kateraworth.com/deal/


How and ask a Question

Webinar control panel

1. Click to access the Q&A window

2. Enter your question here

8 COVID Recovery July 2020 8 | Social Value Portal - Investor Desk

POLLS

1. What sector are you from?

2. The Committee on Climate Change published its recommendations for a green recovery from COVID in May 2020. Which of these areas do you think are most important?

3. Following on from that, which one requires the most work to engage the general public?

4. Which of the following initiatives are you best to support?


9 | Social Value Portal - Investor Desk

38 responses (multiple choice)

17

142

9

1

1

2

1

3

Public Private 3rd Sector Construction Transport

Social Services Health Energy Real Estate Other

1. What Sector are you from?



38 responses

13

3

2

10

10

Low-carbon retrofits and energy efficient buildings

Tree planting, peatland restoration, and green infastructure

Strengthening energy networks

Smart and active travel infastructure (walking, cycling, working remotely etc.)

Moving towards a circular economy

2. The Committee on Climate Change published its recommendations for a green recovery from COVID in May 2020.

Which of these areas do you think are most important?



38 responses

6

2

2

14

14

Low-carbon retrofits and energy efficient buildings

Tree planting, peatland restoration, and green infastructure

Strengthening energy networks

Smart and active travel infastructure (walking, cycling, working remotely etc.)

Moving towards a circular economy

3. Following on from that, which one requires the most work to engage the general public?



38 responses(multiple choice)

24

7

12

15

10

7

73

Reducing your own carbon footprint Fair work in a low-carbon economy

Training and reskilling for a low-carbon economy Community participation

Restoring the environment Decarbonising transport

Energy efficient buildings None of the above

4. Which of the following initiatives are you best to support?

Abundance is authorised and regulated by the Financial Conduct Authority (525432)

Using Alternative Finance to Build a Better WorldInnovative investments in environmental and social infrastructure

Background Abundance

– First regulated crowdfunding platform

– First to launch a pension and ISA

– Co-founders of the UKCFA

– Raised £4.5m for Swindon Borough Council

Financing For Society Pilot Fund

– https://baumaninstitute.leeds.ac.uk/research/financing-for-society/

– Abundance crowdfunding adviser

– 3 Local Authorities and 3 NHS Trusts

– Developed concept of Community Municipal Bond


14

Green Energy

Transition

Housing

+ Health, Education, Municipal

https://baumaninstitute.leeds.ac.uk/research/financing-for-society/

Community Municipal InvestmentsDebt raised by the public sector directly to the public via Abundance’s platform

Emulate, as far as possible, established issuance processes but in a much more

streamlined way

Compete with PWLB – cheaper, standardised process

Platform for communicating with customers and building trust as well as driving

additional social value

Accessible to ordinary investors; low minimum and ISA eligible, helping to improve

financial security

Principles of listed green bonds are followed but no formal rating and no additional

audits are required, reducing time and cost


15

Social Value Creation Place-Based Climate Action Network (PCAN) report - covers research on

Community Municipal Investments and their potential for social value creation,

specifically in the context of the climate emergency


16

73% of UK investors are interested in the concept of a Community Municipal Investment and would

consider investing if the money raised by the issuing council was used to deliver green or social

projects

Only 7% of residents do not want their local authority to take a proactive approach to climate change

Only 10% of residents are aware that their council has declared a council emergency

Resident investors would be happy to donate interest earned on a CMB back to the council to further

accelerate action on climate change or deliver other community projects.

Place-Based Climate Action Network (PCAN) report, June 2020

Research on Community Municipal Investments and their potential for social value creation

Investor Appetite


17

A number of separate surveys evidence strong demand for low risk investments, and strong interest in supporting social and green initiatives delivered by their local authority.

Survey of Isle of Wight Residents, Financing for Society (2019)

Local Authority Pilot


18

3 Local Authorities - West Berkshire, Warrington and Leeds

Grants covering research into:

– resident investor attitudes to climate change and

their Local Authority

– the social value of the investments

First launched in mid-July by West Berkshire to support their

Environment Strategy:

– £1 million target

– Offers returns of 1.2 per cent per year

– Five-year term with an annuity structure to repay

capital in instalments over the lifetime of the

investment

“Communities investing directly

with us will provide us with a

cheaper alternative to

conventional sources of funds

reducing the overall cost of

borrowing to all taxpayers across

the district as well as making a

positive contribution toward our

target to be carbon neutral by

2030.”

Cllr Ross Mackinnon, Executive

Member for Finance and economic

development

Estimating demand19


On average there is £4bn1 of investable wealth per 100,000 people in the UK.

Most of this money leaves the communities in which the investors / savers live and

flows into global companies and funds.

1 Data from HMRC – ISA Statistics & ONS UK Wealth Data

“Altruistic citizens, who are defined as having participated in a political, charitable

or environmental event in the last 12 months, represent 39% of UK investors or

about 8m UK adults with more than £100bn of savings and investments. These

investors were 1.3x more likely to be very interested in the concept. Altruistic

investors with a strong local interest were 1.7x more likely to be very interested in

the concept.”

Place-Based Climate Action Network Report, June 2020


www.abundanceinvestment.comtel:02034758666

mailto:[email protected]

Climate Emergency: A Green and Fair COVID Recovery

Bristol City Leap

22City Leap Energy Partnership

Energy is hugely significant to Bristol

The City of Bristol’s energy

bill is c£870 million per

year

(nearly all of this money

leaves the city)

c60,000 Bristolians

are living in fuel poverty

(many of whom rely heavily

on our services)

Economy

EnvironmentSocietyBristol’s CO2

emissions are over 1.5

million tonnes

annually


Climate emergency and carbon neutrality• Bristol City Council was the first UK

city to declare a “Climate Emergency”

– recognising the need to rapidly

accelerate progress in both carbon

reduction and to create a climate

resilient city.

• The city’s Full Council unanimously

agreed a new goal – to achieve

carbon neutrality by 2030.

• We will need to significantly

accelerate local action to deliver

carbon neutrality.

• 82% of Bristol residents are

concerned or very concerned about

the impact of climate change.

-

500

1,000

1,500

2,000

2,500

3,000

2005

2007

2009

2011

2013

2015

2017

2019

2021

2023

2025

2027

2029

2031

2033

2035

2037

2039

2041

2043

2045

2047

2049

CO

2 em

issi

on

s kt

/ye

ar

Year

Actual

Old Target

New Goal


The council’s delivery to date

Investing over £6m in low-carbon heat networks to date with over 1,000 social housing properties connected to the network and the first commercial connection secured.Being the only local authority in England to own large-scale wind turbines having invested £7m in the installation of two 2.5MW wind turbines.Investing £5m in 4MW of solar PV on council-owned buildings and land.Overseeing a project to deliver 120 new public electric vehicle charging points to the region by 2021.


Working in partnership

• The challenges of shrinking public budgets mean we need to find innovative and inclusive ways of delivering and funding our ambition.

• We need to seriously up the pace of delivery and strategically co-ordinate the programme of work required to take the city to carbon neutrality.

• This cannot be achieved without the support and consent of the residents and business of Bristol

• Engagement and, crucially, a level of ownership.

• Bristol has a unique energy eco-system that City Leap can build on and complement:

• highly engaged residents and a thriving community energy scene• home to a network of sustainability-focused organisations and businesses• world class research capability• a leading local authority


The vision for City LeapTaking advantage of the opportunity presented by the move to a

decentralised energy system to:• Create an interconnected, low-carbon, smart and resilient energy

system that Bristol and its communities can be proud of.

• Take a significant step towards carbon neutrality by delivering at least

£1bn of low carbon, smart energy infrastructure investment in Bristol.

• Leverage the council’s leadership, energy expertise, assets and

companies to drive city-wide action.

• Working in partnership to maximise and share the social,

environmental and economic benefits for Bristol that will arise from

this opportunity.

• Delivery of additional social value for the City

• Allowing full engagement with community energy organisations to

assist in the delivery of renewable energy and community energy

investment


City Leap aims to create a local energy system for Bristol. One that uses the assets within the city to deliver clean, affordable energy to its people, communities and businesses.

• Quality of life: by improving warmth and comfort of their homes; through better air quality and environment; by creating better health outcomes.

• Simple, affordable energy: by delivering simple, attractive energy tariffs and services; by helping to insulate people from future price rises and tackling fuel poverty.

• Prosperity: by creating local jobs in energy and related supply chains, by creating economic growth through affordable energy.

• Ownership: people can see and own the assets which generate and deliver their energy, and influence their energy system through the local political process.

What does this mean for Bristolians?


• Environment: increased delivery to address targets for climate change, air quality and the environment.

• Economic Development: investment in local facilities; local jobs in the energy supply chain; affordable energy for local industry.

• Health and Social Welfare: warmer, healthier homes and cleaner air drive improved health; jobs and affordable energy reduce fuel poverty and drive social welfare.

• Reputation: City Leap builds from and further develops Bristol’s reputation as a forward thinker, innovator and green leader.

What does this mean for the city?


The City Leap partnership opportunity

• City Leap is a world first, a game changer - it has the potential to completely transform Bristol’s energy system, creating a replicable model that other cities can follow.

• City Leap has the ability to provide huge levels of Social Value to the City

• City Leap will leverage the council’s Value Proposition to drive city-wide action, strategically co-ordinating energy infrastructure projects at scale.

• This transformation will require significant levels of investment but also a true approach to partnership which brings innovation, big ideas and the ability to work collaboratively with a broad range of organisations for the benefit of all.

• It is this partner that we are now looking to procure – an organisation (or organisations) that will form a long-term joint venture with Bristol City Council and share in the successes and opportunities which we will create for the city.

Environment

and Social

Value

Chris Hayes

July 2020 30

What can be achievedSocial and local value added (SVA)

£115.5m* (whole project)

* Adjusted to avoid double counting between CSJV and supply chain

Social value: £2.9mLocal economic value: £112.6mTotal value added: £2.9m

Promoting local skills and employment

5,659 weeks

of apprenticeships

£1.7m SVA2,182 hours

to help your

people into work

£277k SVA

1,891 hours

for school/college

visits and mentoring

£30k SVA

426 direct local employees

783 local in supply chain

23% of staff were women

20% of CSJV staff were BAME

Supporting economic growth and local jobs

Local supply chain spend

£73m Gross value added

£86m with medium/small businesses

Long-term unemployed

£805k SVA

Work placements

2,288 days

Healthier and safer communities

£23k donated to voluntary community and social enterprise

8,068 voluntary hours donatedto support community projects

Protectingour environment662k tonnes CO2e avoided through reduced fuel consumption and efficient demolition practices

(FTE

)

July 2020 31

Environmental Successes and Achievements

Drove the development or NRMM and Electric Plant

Green Apple Awards

87%

CITB Environmental training courses

1st BREEAM for Infrastructure and PAS 2080 for Carbon

2

Waste diverted from

Landfill97%

300

99%

• Air Quality

• Climate

Change

• Noise dust &

Vibration

• Access to

Green

Space


7th April 2020

Anna McChesney-GordonSol Tannir

Cindy Nadesan

Introducing our new consultation platform for Recover and Renew

- With Agnese Mizia


The Ideas Space

https://socialvalueportal.mysocialpinpoint.co.uk/svpconsultation/recover-renew

https://socialvalueportal.mysocialpinpoint.co.uk/svpconsultation/recover-renew


7th April 2020

Anna McChesney-GordonSol Tannir

Cindy Nadesan

Q&A and Panel Discussion


Your Hosts and Panelists for today

Agnese Mizia

Head of Research


Nathan Goode

Head of Strategy


Charlotte Eddington

Investments Director

Abundance

Sonya Bedford

Renewable Energy Consultant

Bristol City Council

Chris Hayes

Sustainability Operations Director

SCS Joint Venture


Final Poll

How did we all do?


With ThanksFor more information contact

[email protected]

The webinar will commence shortly...Using Alternative Finance to Build a Better World Charlotte Eddington COVID Recovery with Bristol City Leap Sonya Bedford Environment and Social

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