Reads

Improving corporate decision making by valuing impacts on natural capital

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The valuation and accounting method follows a tiered approach to value impacts on:

Biodiversity and Ecosystem services
Climate change
Water resources
Social well-being

  • Identify

    Identify impacts of productive activities on natural capital

  • Quantify

    Quantify impacts in traditional metrics (hectares, cubic meters, tons, decibels)

  • Value

    Economic valuation of the loss or gain of natural capital, expressed in USD ($) and custome-built metrics.

  • Manage

    Manage impacts by applying mitigation measures based on cost-benefit methods (avoidance, reduction, restoration and offsetting).

READS conforms to the Natural Capital Protocol and its Biodiversity Guidance, as well as the ISO 14008:2019 on Monetary valuation of environmental impacts.
The methodology has been peer-reviewed by the UN Environment Programme World Conservation Monitoring Centre, the Capitals Coalition, and the EU Business & Biodiversity Platform.

The Reads team is actively involved in the Transparent and Align projects in order to ensure the scientific and technical robustness of the solution.

 

Reads has two modules accessible by the user:

This module is used to produce valuation and accounting environmental reports of an organization's impacts on natural capital in qualitative, quantitative, and monetary terms.

Specific reports can be generated, both at the corporate level and for asset managers, to communicate aggregated or focused results to stakeholders.

The economic module performs cost-benefit analysis (CBA) of environmental impact mitigation measures

This module acts as a financial simulator that identifies what measures are most effective. Additionally, this module includes a series of KPIs and metrics designed to relate the impact on natural capital to the company's financial and production balance sheet, and to justify ALARP project alternatives.

Differential value

Reads is the first digital solution that is 100% compatible with current natural capital valuation and accounting protocols.

Facilitate business decisión-making

It incorporates sustainability into business strategy, facilitating decision-making based on the assessment and efficient management of the environmental impact of operations.

Access to finance

It facilitates access to finance and allows investors and stakeholders to assess the company's approach and progress towards action plans to manage natural capital risks.

Support environmental compliance

Reads supports processes of impact assessment and justification of taxonomy requirements, as well as accounting for efforts to achieve "Nature Positive".

Methodology endorsed by international organisations

It adheres to state-of-the-art sustainability protocols, having been reviewed and endorsed by independent bodies.

Transparency

It is a crucial support to boost transparency and accomplish stakeholder expectations on natural capital impacts.

Security and usability

It is a cloud application, built according to the highest security standards. Access is via website, and it is an easily usable tool for the user.