AN INTRODUCTION TO THE TRIPLE BOTTOM LINE TOOL. Janet Hammer, PhD

Transcription

1 AN INTRODUCTION TO THE TRIPLE BOTTOM LINE TOOL Janet Hammer, PhD

2 Social Value Economic Value + Environmental Value The Triple Bottom Line

3 Increasing Salience => Tools, Frameworks, Rating Systems Business and Investment Examples: GIIRS, Aeris/CARS Built Environment Examples: Envision, LEED-ND

4 t h e t r ipl e bo t t o m l in e t o o l HOME ABOUT THIS TOOL CALCULATE YOUR TBL CASE STUDIES BETA FEEDBACK The Triple Bottom Line (TBL) refers to economic, environmental, and social performance of investments. Investors, economic development professionals, and decision-makers can use the TBL Tool to: Design economic development investments for maximum returns Consider an economic development investment's impact on various factors Compare or communicate impacts of investment The TBL Tool is in Beta mode. Make sure it works for you take a test drive and provide your feedback here TBL TOOL All Rights Reserved Privacy Policy About us This project is supported with funding from the U.S. Economic Development Administration.

5 Who? Public, private, and non-profit organizations. What? Achieve and communicate alignment. How? Design, Decide, Describe.

6 Building the Triple Bottom Line Tool Rigorous, Transparent, Inclusive, Pragmatic Community Priorities Leading Edge Practice Current Scholarship Practitioner Input National Advisors

7 Testing the Triple Bottom Line Tool Beta test: August 30, May 31, 2013 Feedback via: web survey, session surveys, and personal communications More than two-thirds say tool would be useful to their organization or industry Version upgrade based on beta feedback released late 2013 Priority enhancements - Non-location based investments and monitoring & evaluation

8 The TBL Tool: Recap Optimize, assess, or describe the economic, environmental and social performance of a development investment. Research-based, industry-vetted framework is responsive to project and community context. Helps organizations meet demands for stronger investment performance and accountability. Contributes to quality of life and sustainability by better linking economic development investment with other community priorities and goals.

9 Uptake Challenges Incentives for Use Record of Performance Capacity Peer Leadership UPTAKE Longevity

10 Response Verifications Training and Technical Assistance Peer Leadership Require or Encourage UPTAKE Assurance

11 tbltool.org Janet Hammer, PhD The Initiative on Triple Bottom Line Development Portland State University

12 tbltool.org Janet Hammer, PhD The Initiative on Triple Bottom Line Development Portland State University

13 t h e t r ipl e bo t t o m l in e t o o l HOME ABOUT THIS TOOL CALCULATE YOUR TBL CASE STUDIES BETA FEEDBACK The Triple Bottom Line (TBL) refers to economic, environmental, and social performance of investments. Investors, economic development professionals, and decision-makers can use the TBL Tool to: Design economic development investments for maximum returns Consider an economic development investment's impact on various factors Compare or communicate impacts of investment The TBL Tool is in Beta mode. Make sure it works for you take a test drive and provide your feedback here TBL TOOL All Rights Reserved Privacy Policy About us This project is supported with funding from the U.S. Economic Development Administration.

14 HOME ABOUT THIS TOOL CALCULATE YOUR TBL CASE STUDIES BETA FEEDBACK The TRIPLE BOTTOM LINE TOOL helps optimize economic development investments to achieve economic vitality, natural resource stewardship, and community well-being. Click below to get quick facts, or download this document to dig into details. What is TBL economic development? How can the TBL Tool help me? Who created the TBL Tool? How were the Tool s measures created? How are investments scored? How is the TBL Tool being tested? 2012 TBL TOOL All Rights Reserved Privacy Policy About us This project is supported with funding from the U.S. Economic Development Administration.

15 HOME ABOUT THIS TOOL CALCULATE YOUR TBL CASE STUDIES BETA FEEDBACK Explore what TBL economic development looks like in practice. Our casebook illustrates a range of investment types from rural and urban communities across the US. Download the case book and find examples from: Business Development Industry & Manufacturing Culture, Recreation, & Tourism Mixed Use Development Institutions & Services Economic Development Strategies 2012 TBL TOOL All Rights Reserved Privacy Policy About us This project is supported with funding from the U.S. Economic Development Administration.

16 HOME ABOUT THIS TOOL CALCULATE YOUR TBL CASE STUDIES BETA FEEDBACK Thank you for taking the TBL Tool for a test drive. We want to hear from you! Is the Tool easy to use? Does it provide useful information? Anything else? Share your feedback here TBL TOOL All Rights Reserved Privacy Policy About us This project is supported with funding from the U.S. Economic Development Administration.

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25 tbltool.org Janet Hammer, PhD The Initiative on Triple Bottom Line Development Portland State University

26 TBL Tool: Goals and Performance Areas Economic Vitality Quality Jobs Sound Investment Natural Resource Stewardship Industry Eco-Efficiency Green Design and Construction Green Operations Community Well-being Placemaking and Accessibility Environmental Health Governance