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Developing Effective Sustainability Programs at Ports Matt Goldman, P.E. Weston Solutions, Inc.

Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

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Page 1: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

Developing Effective

Sustainability Programs at

Ports

Matt Goldman, P.E.

Weston Solutions, Inc.

Page 2: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

2

Port-Specific Drivers for

Sustainability

• Need for growth

– Dredging

– Infrastructure development

• Increasing sophistication of key

stakeholders

• Importance of generating and

maintaining political good will

• Economics

Page 3: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

3

So, Everyone Wants a Sustainability

Program ….

… but how do you create an effective one?

Page 4: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

4

So Many Choices

Page 5: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

5

Start with Triple Bottom Line

• Useful general guiding

principle

• Doesn’t help with program

design decisions

Sustainable

Growth

soci

al

obje

ctiv

es

environmental

objectives

econ

omic

objectives

Page 6: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

6

Full-Cost Accounting

• More detailed then triple-bottom line concept

• Poses its own set of challenges– Handling externalities

– Synthesizing with existing financial systems

– Differing sources of funds

Page 7: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

7

Using EMS to Prioritize

Sustainability Issues

Issues of

Significance

Issue 1

Issue 2

Issue 3

Objectives

and

Targets

Target 1

Target 2

Target 3

Programs

Program 1

Program 2

Program 3

ACTIVITIES,

PRODUCTS

AND SERVICESDETERMINATION OF

SIGNIFICANCE

EMS Boundary

Stakeholder

Engagement

Page 8: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

8

Massport Vision and Role of EMS

MASSPORT VISION - SUSTAINABILITY

ENVIRONMENTAL MANAGEMENT POLICY

ENVIRONMENTAL MANAGEMENT SYSTEM

Page 9: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

9

Another Approach to Prioritizing

Sustainability Programs

• Loosely based upon Balanced Scorecard

approach

• Designed to balance:

– Ease of implementation

– Sustainability value

– Importance to stakeholders

• Identifies “biggest bang for the buck”

Page 10: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

10

Sustainability Value

Ease of Implementation

= Level of Stakeholder Interest

Implement

Abandon Evaluate

Evaluate

Educate

Stakeholders

Improve

Ease of

Implementation

Increase

Sustainability

Value

Program Prioritization Tool

Page 11: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

11

Moving Forward Successfully

What approaches have worked

well?

Page 12: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

12

Elements of a Successful Process

• Form a cross-functional team

• Define high-level sustainability goals

– What does success look like?

• Document everything you currently do

• Identify gaps

• Apply structured analytical process to select

programs to fill gaps

• Track progress

Page 13: Developing Effective Sustainability Programs at Ports...6 Full-Cost Accounting • More detailed then triple-bottom line concept • Poses its own set of challenges –Handling externalities

13

Questions and Answers

Matt Goldman, P.E.

Sustainability Director

Weston Solutions, Inc.

617.484.1837

[email protected]