We're hosting a workshop on Environmental Profit & Loss Accounting on December 6th. It will be led by PwC environmental economist Will Evison and Christian Heller from the German chemicals company, BASF. Contact us to reserve a space.
What is EPL?
Environmental Profit and Loss (EPL) accounting is a system for measuring and valuing an organisation's impacts and dependencies on natural capital, with significant implications for risk management, supply chain sustainability and improved decision-making.
The best-known example of EPL is from the luxury goods group Kering, which measured its environmental footprint for all of its brands across the entire value chain, from raw material production to processing, manufacturing, assembly, retail and offices. Monetising the impacts provided a comprehensive view of the costs of the company's activities.
The process allowed Kering to compare its environmental performance indifference areas of the business and between different impacts over time, supporting:
- better insight into its most significant environmental impacts and what's driving them,
- better policies based on an understanding of risks and opportunities,
- better relationships with suppliers,
- better transparency through dialogue with stakeholders, and
- better performance by enabling the company to respond to change and assess progress.
Purchase tickets using the links below: