Updates in the Valuation of Ecosystem Services Moderator: Michelle Lapinski, Director of Corporate Practices, The Nature Conservancy Panelists: Mark Weick, Director of Sustainability, The Dow Chemical Company Diane O'Connor, VP Environment, Health, Safety and Sustainability, Xerox
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Updates in the Valuation of Ecosystem Services
Moderator: Michelle Lapinski, Director of Corporate Practices, The Nature Conservancy
Panelists: Mark Weick, Director of Sustainability, The Dow Chemical Company
Diane O'Connor, VP Environment, Health, Safety and Sustainability, Xerox
Ecosystem Services
The benefits people and businesses derive from ecosystems
Natural Capital
Coastal natural hazard protection
Air pollution mitigation via re/forestation
Freshwater supply
Photos: Jennifer Molnar
Value of nature
Company
Jennifer Molnar
Public
Biodiversity & Ecosystems
Business Message…and Action
• Nature has value to business – degradation is risk and business opportunity
• Natural capital is a productive asset alongside financial and human capital
• Leading from the “bottom up” –progressive private sector action – beyond one size fits all
• Not waiting for government to act, but ready to collaborate: $500B in commitments
The New Metrics of Sustainable Business Valuation of Ecosystem Services: Xerox/TNC Partnership
Xerox Environment, Health, Safety and SustainabilitySeptember 27, 2012
With sales approaching $23 billion, we are the world’s largest enterprise for business process and document management.• Employees: 140,000 worldwide• Headquarters: Norwalk, CT• Chairman and CEO: Ursula M. Burns
Document Technology and Managed Print Services
Technology
Business ProcessOutsourcing
IT Outsourcing
Services
Xerox Today
Quantitative Approach
Value Chain Focus
Communicate “Wins”
Sustainability ProgramFundamentals for Success
Leverage Partnerships
Responsible Sourcing Responsible Use Responsible Disposal
Environmentally-sound papers:
• Forestry Practices
• Supplier Requirements for Paper Mills
• Environmentally Sound Paper Offerings
– (FSC, PEFC, SFI)
– Recycled Paper
Xerox equipment is designed for efficient use of paper:
• Print management features
• Recycled paper runs reliably
• On-ramp to digital document management
• Workflow SW tools
• Xerox paper, packaging, and prints are recyclable
Enabling beneficial management:
Steps Toward a Sustainable Paper Cycle
Responsible Sourcing Responsible Use Responsible Disposal
• % paper offerings FSC, SFI, PEFC, recycled
• % Suppliers responding to Xerox annual paper survey
A Breakthrough Collaboration:The Economics of Ecosystems
Mark WeickDirector, Sustainability ProgramsThe Dow Chemical Company
17May 1, 2023
Driving the Next Generation of ChangeDow’s 2015 Sustainability Goals
Achieve at least three breakthroughs that will significantly
help solve world challenges
Publish product safety assessments
for all products
Achieve on average a 75% improvement of key
indicators for EH&S operating excellence from 2005 baseline
Achieve individual community acceptance ratings for 100% of Dow sites where we have a
major presence
Reduce our energy intensity 25%
Increase the percentage of sales to 10% for products that are highly advantaged by sustainable chemistry
Maintain absolute greenhouse gas emissions below
2006 levels
Valuing Nature – A Strategic Fit for Dow
•Access to ecosystem services •Product alignment to fit growing need•Project planning and stakeholder buy-in•Expansion/Permitting Process•Green Infrastructure•Remediation•Conservation Activities•Recognition of offsets or payments from ecosystem services on lands Dow owns
Pilot #1: Dow Texas Operations, Freeport
• Freshwater
• Coastal natural hazard protection
• Air pollution mitigation via reforestation
Freeport
2 4 6 8 10 1240
5060
7080
90Month
Tem
pera
ture
(F)
= potential range in 2050
= current average
Future Scenarios: Freshwater
More demand Less supplyhttp://www.nysun.com/opinion/houston-new-york-has-a-problem/81989/
Freshwater Analysis
Water Availability Model (W
AM)
Freshwater: Planning for Future Water
• Future value of water• On-site / off-site responses with greatest net benefit
Jennifer Molnar
Freeport Coastal Area
Plant BOyster Creek
Stratton Ridge
Plant A
Brazoria National Wildlife Refuge
San BernardWildlife Refuge
Outside of levee system
Largest Undeveloped
ParcelLake Jackson
Freeport Seaside
Coastal: Hypothetical Output from Cost-Benefit Analysis