Total Impact Measurement & Management (TIMM) · PDF fileTotal Impact Measurement & Management (TIMM) Corporate Approaches to Shared Value and SROI José Retana

Total Impact Measurement& Management (TIMM)

Corporate Approaches to Shared Value and SROI

José Retana

www.pwc.com/totalimpact

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What is TIMM?

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The TIMM framework

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Using TIMM for decision making

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Option 1: Widen and repair existing road• Lower upfront costs• Higher community disruption, but lower

environmental impacts

Option 2: Build new road• Higher upfront costs, but lower operating costs• Higher environmental damage, but greater

economic benefits

Health

Education

Empowerment Communitycohesion

GHG and otherair emissions

Waterpollution

Waste

Land use

Water use

EnvironmentaltaxesProperty

taxesProductiontaxes

Peopletaxes

Profittaxes

Intangibles

Exports

Investment

Profits

Payroll

Livelihoods Health

Education

Empowerment

Community cohesion

GHG and otherair emissions

Waterpollution

Waste

Landuse

Water useEnvironmental

taxesPropertytaxes

Productiontaxes

Peopletaxes

Profittaxes

Intangibles

Exports

Investment

Profits

PayrollLivelihoods

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Generating business value from TIMM

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Case study

SSE: The Beauly Denny transmission line

How can we meet the need for transmission lines atminimum social cost?

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Going from this: To this: Along here:

132 kV lines 400 kV lines

Upgrading the ‘Beauly-Denny transmission line’

What are Scottish Hydro Electric (SHE) Transmission doing?

• 220 km of existing line being upgraded

• 2,640 km of conductor and earthwire (6,000 tonnes)

• 600 new towers replacing over 1,000 old ones

• £500+ million being spent by SSE on the project

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Empowerment

Water useIntangibles

Impacts were measured for material outcomes

Waste

Traffic impact Cultural heritage

Human capital

Gross ValueAdded (GVA) andjobs from:• Construction• Changes in

tourism

Total taxcontribution

Health & safety

Greenhouse gases(GHGs)

Air pollution(from traffic)

Land use change

Visual amenity

Water pollution

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Benefits to SSE

• Communicate impact to key stakeholders (regulators, the public)

• Navigate the planning system with greater efficiency for key infrastructure projects

• Streamline internal project planning

• Build transmission infrastructure that minimise costs and maximise benefits to society

Benefits to society

• Better sight of costs and benefits to different stakeholder groups

• Minimise delays to key infrastructure projects without ignoring concerns over wider impacts

• Maximise the net benefit (or minimise the net cost) of new transmission lines

Understanding total impacts benefits both SSEand society

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