Yarra Water publishes new impacts measurement

1st December 2016


Related Topics

Related tags

  • Business & Industry ,
  • Water ,
  • Management

Author

Alison Quilliam

An Australian water company has published an integrated profit and loss account (IP&L), quantifiying its annual environmental, social, employee and financials costs and benefits in monetary terms.

Yarra Valley Water worked with environmental data provider Trucost and consultancy GIST Advisory to calculate its positive and negative impacts on natural, social, employee and financial capital.

The analysis found that the firm had created benefits of AU$53m in 2014–15, mainly due to its wastewater treatment operations, employee benefits of AU$13m through training, and social benefits of AU$6.4m through providing water services to vulnerable households.

Its impacts are primarily emissions of greenhouse gases from electricity and fuel use, and disposing of waste to landfill, which were valued at $AU3.8m.

The firm plans to use the results of its IP&L to prioritise projects including integrated water management opportunities, community health and how far it can integrate renewable energy generation, such as energy-from-waste in its business.


Transform articles

Local authorities could have saved Green Homes Grant

The Green Homes Grant is set to deliver only a fraction of the jobs and improvements intended, leading to calls for more involvement from local authorities in future schemes.

23rd September 2021

Read more

COVID-19 recovery packages have largely focused on protecting, rather than transforming, existing industries, and have been a “lost opportunity” for speeding up the global energy transition.

23rd September 2021

Read more

None of England’s water and sewerage companies achieved all environmental expectations for the period 2015 to 2020, the Environment Agency has revealed. These targets included the reduction of total pollution incidents by at least one-third compared with 2012, and for incident self-reporting to be at least 75%.

30th July 2021

Read more

The UK’s pipeline for renewable energy projects could mitigate 90% of job losses caused by COVID-19 and help deliver the government’s ‘levelling up’ agenda. That is according to a recent report from consultancy EY-Parthenon, which outlines how the UK’s £108bn “visible pipeline” of investible renewable energy projects could create 625,000 jobs.

30th July 2021

Read more

Billions of people worldwide have been unable to access safe drinking water and sanitation in their homes during the COVID-19 pandemic, according to a progress report from the World Health Organisation focusing on the UN’s sixth Sustainable Development Goal (SDG 6) – to “ensure availability and sustainable management of water and sanitation for all by 2030”.

30th July 2021

Read more

The oil and gas industry is set to burn through its allocated carbon budget 13 years early unless decisive action is taken immediately, new analysis has found.

22nd July 2021

Read more

The UK will no longer use unabated coal to generate electricity from October 2024, one year earlier than originally planned, the Department for Business, Energy & Industrial Strategy has announced.

2nd July 2021

Read more

The UK government is not on track to deliver on its promise to improve the environment within a generation and is failing to stem the tide of biodiversity loss, a damning new report from MPs has revealed.

1st July 2021

Read more

Renewable energy will account for nearly 40% of the world's power mix by the end of this decade, overtaking coal within the next few years, according to research by GlobalData.

24th June 2021

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert