The Water Industry Forum has today published its latest thought leadership paper on driving best value decision making within the water sector using a multi-capitals approach.
A multi-capitals approach extends the traditional focus on financial capital to other forms of capital, including natural, social, human, intellectual and manufactured capital.
For the water industry, a multi-capitals approach represents a way of broadening the approach to decision making and investment choices beyond the traditional focus on the short-term financial implications of actions.
The paper ‘Driving best value decision making within the water industry using a multi-capitals approach’, explains what is meant by a multi-capitals approach and the drivers and potential benefits.
It also aims to demonstrate commitment across the industry, by both water companies and regulators, to ensuring that we are making better decisions that reflect the wider benefits and impacts of the water industry’s services and activities.
Mark Gough (CEO, Capitals Coalition) commented:
‘“There is strong evidence that a capitals approach delivers real and wide-ranging benefits to businesses and society. At the Capitals Coalition, we have welcomed the leading role taken by several organisations in the UK water sector to develop, test and embed the capitals. I am delighted to see this publication and the drive for continued momentum and maturity.”
Craig Bennett (CEO, The Wildlife Trusts) added:
‘Society can only secure affordable and resilient water services by consistently and comprehensively reflecting the full value of nature throughout its decision making, and the capitals approach provides the framework to do just this.’
Developed through a collaborative process with representatives from a wide range of water companies, CC Water and Ofwat, the publication will be marked by a breakfast webinar on Tuesday 7th June 2022 which will provide both a general introduction to the paper and the opportunity to ask questions around its content.
Mark Gough and Craig Bennett are both speaking at the webinar - other panellists are:
- Jo Harrison - Director of Environment, Planning and Innovation, United Utilities
- Helen Slinger - Head of Sustainable Business, Yorkshire Water
- Gordon Rogers - Head of Long Term Strategy, United Utilities
- Andy Brown - Head of Sustainability, Anglian Water
Click here to download ‘Driving best value decision making within the water industry using a multi-capitals approach’
Click here for more information about the webinar
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
“SAS (Surplus Activated Sludge) is a bit weird and 
Owen Mace has taken over as Director of the British Plastics Federation (BPF) Plastic Pipes Group on the retirement of Caroline Ayres. He was previously Standards and Technical Manager for the group.
PureTec Separations, the Ledbury-based water treatment engineering firm, has appointed Dan Norman as its new Sales Manager – Water Process Systems, supporting the company’s continued growth in the UK and international markets.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.