In our very inside, there is a child in each of us which makes that we hardly ever loose our joy of playing. That’s probably why things like the following game usually attract our attention far more than simple words (yes, even academics like to play ;-)).
A new game from the Cambridge Institute for Sustainability Leadership challenges business to reduce environmental impacts within a budget in a bid to demystify natural capital. That’s a fun way to explore how difficult it is to make the right decisions for our environment (within a budget) and nicely illustrates those those topics that are pressing “heavily” on us: climate change, water scarcity, biodiversity loss etc. Try it our yourself and play it here.
How to play
- You only have £100,000 to reduce your business’s environmental impacts
- Generate financial value by reducing environmental impacts
- Collect risk reduction credits by taking strategic decisions on interventions
You firstly need to consider what your business’s priorities are. Do you want to:
- Reduce only the impacts most important for your company?
- Increase human well-being as much as possible?
- Reduce the risks to your business?
- Consider a balance between each?
The outcome
This is what your results might look like.
About the game: E*Valu*A*Te –Externality Valuation Assessment Tool
Do you want to undertake an environmental valuation for you company and apply what you have learnt in this game?. E.Valu.A.Te is the next step.
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What is the Tool? — An online Tool that provides interactive, step-by-step guidance to help corporates complete a site-specific evaluation of environmental externalities
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E.Valu.A.Te shows users how to consider changes in the environment resulting from the activities of their company and the effect these changes have on the welfare of others who depend on the same environmental resource.
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By using scenarios potential strategies and actions related to addressing that specific externality can be assessed.
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The Tool walks users through each step of this process, offering support and comment on the choice of methodologies available.
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If you want more information on valuation and CISL then please go to www.cisl.cam.ac.uk/natcap or contact us by email
Really nice initiative. Thank you for this post, I think this gives a good glimpse of how complex the process is.