Some companies already recognise the potential in evaluating a broader range of impacts. Although they’ve not yet taken a ‘total’ perspective, their initiatives show that they understand they’re making a bigger impact and contribution than their financials alone can convey. Here are some examples:
Over the last 4 years we've been working with Kering to develop and embed their Environmental Profit and Loss account into decision making processes across their Group. The E P&L is a tool which measures and values their environmental impacts across their entire supply chain such that sustainability criteria can be considered alongside price and quality in their business.
PwC, The Travel Foundation and TUI Group completed ground breaking work to understand the total impact of 60,000 holidaymakers visiting 8 TUI Group hotels during 2013 in Cyprus using PwC's Total Impact Measurement and Management (TIMM) framework. It's driven the development of new methodology to share with the tourism industry.