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Multi Actor Impact SimulationPrevalent practises / Challenges / Solutions
EMTA, General MeetingOslo – May 21st 2015Dirk Jan van SwaayManaging Director ING Bank
Multi Actor Impact Simulation – Public Transport
Agenda
1. Introduction
2. Impact Investment Global Trends
3. Good Decision Making, and quick
4. Examples Multi Actor Impact Simulation assessment tool
5. Conclusions and recommendations
6. Discussions and feedback
2
Introduction
• Impact Objectives per actor vary, what is IMPACT ?• Room for improvement: Impact Accounting, Benchmark, Reporting• Funding – lending relationship to benefit• Lessons learnt building MAIS models• All actors to benefit from a common impact decision model
3
Multi Actor Impact Simulation – Public Transport
Agenda
1. Introduction
2. Impact Investment Global Trends
3. Good Decision Making, and quick
4. Examples Multi Actor Impact Simulation assessment tool
5. Conclusions and recommendations
6. Discussions and feedback
4
*Coined first by Antony Bugg-Levine in 2007 (Forbes, Feb - 2012)
Investments intended to create positive impact beyond financial return*
Impact Investment, Global Trends
• Exclusion• Best-in-class comparison• Selection based on market capital
Sustainability Indices
• Lack reliability• Controversial
Methodology
Purpose – set BENCHMARK
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Sustainable Indices
• Controversial methodology*• 46% Fund Managers trust DJSI• 6 Reasons Identified
• Lack of standardization• Lack of credibility of information• Biased ratings• Trade-offs• Lack of transparency• Lack of Independence
* As identified by Rate the Raters 5 phase study (2010-2014)
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Impact Investment, Global Trends
• 28 Agencies – assist on non financial reports
• Methodology
• Qualitative / Quantitative / Combination
• Detailed methodology not publically available
• Qualitative assessment examples
• Reputex / Trucost / Management & Excellence / GIIRS / Milieubarometer / GreenIntelli
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Impact Investment, Global Trends
Challenges
New Concept
Lack of Standardization
Industry Acceptance
Steps taken
Global Reporting Initiative (GRI)America (SASB) since 2011
EU proposed amendments to reporting directives
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Multi Actor Impact Simulation – Public Transport
Agenda
1. Introduction
2. Impact Investment Global Trends
3. Good Decision Making, and quick
4. Examples Multi Actor Impact Simulation assessment tool
5. Conclusions and recommendations
6. Discussions and feedback
9
Good Decision Making, and quick
TCO
PTA
OEMs
Consumer/
passengerPTO
Banks
Lease
12 november 2014
10
NGO’s
Knowledge Institutes
Energy Suppliers
Infrastructure
…
MAIS
12 november 2014
11
Good Decision Making, and quick
•Financial cost Social cost • Environmental cost
12 november 2014 12
THEY ALL TALK AND TALK AND TALK AND TALK AND TALK AND TALK ABOUT COSTS,
but
DO THEY TALK ABOUT THE SAME COST? AND DO THEY UNDERSTAND EACHOTHER? AND DO THEY READ THE SAME AMOUNT?
AND DO THEY TAKE WISE DECISIONS?
Good Decision Making, and quick
Multi Actor Impact Simulation – Public Transport
Agenda
1. Introduction
2. Impact Investment Global Trends
3. Good Decision Making, and quick
4. Examples Multi Actor Impact Simulation assessment tool
5. Conclusions and recommendations
6. Discussions and feedback
13
12 november 2014 14
Examples Multi Actor Impact Simulation
12 november 2014 15
Examples Multi Actor Impact Simulation
12 november 2014 16
Examples Multi Actor Impact Simulation
Scopes
Scope 3
All other indire
ct emissions
Scope 2From
purchased
electricity
Scope 1From own or controlled sources
17
Multi Actor Impact Simulation – Public Transport
Agenda
1. Introduction
2. Impact Investment Global Trends
3. Good Decision Making, and quick
4. Examples Multi Actor Impact Simulation assessment tool
5. Conclusions and recommendations
6. Discussions and feedback
18
Conclusion and Recommendation
• Return (IMPACT + Financial) converge in risk and funding• MAIS is a communication-tool between actors• The use of MAIS aims to improve decision making (quality & speed)• IMPACT needs to be made SMART
SMART: Specific, Measurable, Agreed upon, Realistic and Time-based
• MAIS is made by and for the actors only• Data and accounting rules in public domain, WiKi• Expert Panel (reps from each actor) decide on rules and data• The Dutch “polder” decision model has worked well• Daily use is convincing, and confirms the value added• Building MAIS does not have to be expensive
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Conclusion and Recommendation
• Build MAIS together with those with whom you interact• Complete MAIS model before negotiation (PTA-PTO) starts• Embed MAIS decisions and maintenance in your organisation• Ensure that MAIS data is kept up to date• Use (for free) what others have already developed• Give the tool to the users (not via a consultant)• Costs can be low and controlled (approx EUR 50k – 100k)• Costs are marginal compared to contract value• Limit Scope to what really matters
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• Need Honest, verifiable and robust assessment Evaluate options at par Set benchmark line – qualify / disqualify proposals
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Conclusion and Recommendation
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Multi Actor Impact Simulation – Public Transport
Agenda
1. Introduction
2. Impact Investment Global Trends
3. Good Decision Making, and quick
4. Examples Multi Actor Impact Simulation assessment tool
5. Conclusions and recommendations
6. Discussions and feedback
23
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