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The Monash Experience with Triple Bottom Line Reporting

The Monash Experience with Triple Bottom Line Reporting. Belinda Towns Monash Environment Institute (MEI) www.mei.monash.edu.au. Introduction. What TBL reporting is and what reports look like Why organisations are taking sustainability issues seriously

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The Monash Experience with Triple Bottom Line Reporting

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  1. The Monash Experience with Triple Bottom Line Reporting Belinda Towns Monash Environment Institute (MEI) www.mei.monash.edu.au Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  2. Introduction • What TBL reporting is and what reports look like • Why organisations are taking sustainability issues seriously • Monash’s experience with Triple Bottom Line (TBL) Reporting Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  3. What is triple bottom line (TBL) reporting? $ Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  4. Ford – Name of Report

  5. Taking Sustainability Seriously • Keen to be seen to be green • Care about people & environment • Community pressure • Regulations • Competitive edge • Innovative leader Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  6. Taking Sustainability Seriously Swiss Re: 'the economic costs of such [natural] disasters threaten to double to $150 billion a year in 10 years, hitting insurers with $30-40 billion in claims, or the equivalent of one World Trade Centre attack annually.' Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  7. Taking Sustainability Seriously Citigroup: first multinational bank to prohibit investment in any extractive industry in primary tropical forests and place severe restrictions on destructive investment in all endangered ecosystems worldwide. Citigroup's New Environmental Initiatives requires: • documentation of legality prior to investment in any logging or logging-related projects • auditing of climate-changing investments • investment of significant capital in renewable energy projects. Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  8. The Monash Experience Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  9. The Monash Experience Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  10. The Monash Experience Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  11. The Monash Experience Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  12. The Monash Experience Three FTE staff were directly employed in environmental improvement and compliance. Almost 200 staff were involved in working on office based behavioural change and serving as members of relevant committees. Over $250,000 per annum was spent on environmental improvement and compliance, including direct staff costs (the three FTE) and capital expenditure. Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  13. The Monash Experience Tonnes of CO2-eEmissions from Electricity Use Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  14. The Monash Experience Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  15. The Monash Experience 2. Access to Information In October, Caulfield campus organised a guest speaker and lunch attended by 90 staff to raise funds for the Cancer Council Victoria The ITS Division supported staff participating in fundraising events, including the 'Around the Bay in a Day' 210 km cycle event for the Smith Family and the Relay for Life, a 24 hour walk, for the Cancer Council Victoria Gippsland campus donated used computers for refurbishment and distribution to school students without these facilities Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  16. The Monash Experience 3. Commitment to TBL v Staff resources & acceptance Staff retention (years) at 2003 Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  17. The Monash Experience Institutional Benefits of Reporting In-house training hours supplied to Monash staff by internal Monash providers Expenditure on formal learning and development programs in 2003 was $5.2million. This includes attendance at conferences, training courses and the Outside Study Program (OSP). This figure does not include training without direct charges, such as free seminars and on-the-job training, or the incidental costs of training such as travel and accommodation. Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  18. The Monash Experience Institutional Benefits of Reporting Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  19. The Monash Experience Institutional Benefits of Reporting Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  20. The Monash Experience Institutional Benefits of Reporting Non-recyclable catering items used at Monash controlled outlets over a 10 month period in 2003 Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  21. The Monash Experience Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

  22. Conclusion • What TBL reporting is and what reports look like • Why organisations are taking sustainability issues seriously • Monash’s experience with Triple Bottom Line (TBL) Reporting Belinda Towns – Project Manager TBL Reporting belinda.towns@general.monash.edu.au

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