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marine_colab:transparency_experiment [2015-05-07 15:35] – nikmarine_colab:transparency_experiment [2015-05-14 16:11] – [Experiment design] 87.127.9.163
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 (an [[experiments|experiment]] from the [[workshop_201505|May workshop]]) (an [[experiments|experiment]] from the [[workshop_201505|May workshop]])
  
-Experiment team: Andrew, Aniol, Giles, Sandy +Experiment team: Giles (FFF), Andrew (IEEP), Sandy (ClientEarth), Aniol (NEF) 
  
 ====Hypothesis==== ====Hypothesis====
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 Assumption: more transparency can lead to the behavioural change of companies, through multiple strategies (divestment, shareholder action campaigns, etc.) Assumption: more transparency can lead to the behavioural change of companies, through multiple strategies (divestment, shareholder action campaigns, etc.)
  
-Hypothesis: //unreadable//+Assumption: Making information about value at risk; social/environmental performance public can drive change in companies’ behaviour. This change happens via multiple strategies (i.e.  campaigns, shareholder action, promoting a blue divestment movement; making fund managers/analysts that some companies face a huge risk and this needs to be taken into account when advising to invest; etc.) which could not take place without this information.  
  
-====Experiment design====+Assumption: It is possible to link marine ecosystem deterioration with companies’ financial value.   
  
-Experiment (in 2 months) is a scoping strategy that will focus on testing if it is feasible to:\\ +Assumption: It is possible to compare multinationals globally on a range of social & environmental criteria.  
-A) Develop a transparency record for marine industries\\ + 
-B) Identify the "value at risk" for marine industries from marine oceans deterioration +====Context==== 
 + 
 +Marine industries often operate in an unregulated environment and if it’s regulated, it’s not effectively enforced. They are hardly ever hold accountable for any env. and social impacts. 
 + 
 +The long-term stability (and value) of certain marine industries relies on a healthy marine ecosystem (i.e. fisheries; tourism; etc.). In these cases, the deterioration of the marine environment could have direct impact on the value of the companies  
 + 
 +There are other industries whose value or stability is not directly linked to the quality of the marine environment (i.e. energy; extractive; transport; etc). But their value can be affected through the reputation they have with consumers, investors, etc. For example if they are perceived to disregard environment and social factors.  
 + 
 +We agreed that the scope of this work should focus on big multinational companies (i.e. companies that are on the stock market or likely to be affected by financial markets) and should have a global dimension. Although it would be worth exploring regional contexts.  
 + 
 +We agreed to focus on companies that directly operate in the marine environment (i.e. fisheries, aquaculture, energy, aggregates, shipping, tourism).  
 + 
 +We recognised the role that non-marine related industries can play in driving change on marine related companies when directly sourcing from them. But these fall out of the scope of this experiment.  
 + 
 +====Experiment design ==== 
 + 
 +How would you design an experiment to test the Hypothesis? 
 + 
 + 
 +Experiment (in 2 months) is a scoping strategy that will focus on testing if it is feasible to: 
 +  - Bring to light how marine industries perform on the environmental and social front.  
 +  - Identify the “Value at Risk” for marine industries from Marine ecosystem deterioration.
  
 Focus on big multinational companies operating: Focus on big multinational companies operating:
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 Questions to answer in two months: Questions to answer in two months:
-  - Has anyone done this before? Is there any ongoing action?  +  * Has anyone done this before? Is there any ongoing action?  
-    - On transparency +    * On transparency 
-    - On "value at risk" +    * On "value at risk" 
-    - Are there protocols that could apply to marine //unreadable//? Reporting. +    * Are there protocols that could apply to marine industries? Reporting. 
-  - How would we go about delivering this project?+  * How would we go about delivering this project?
     * Identify key industries     * Identify key industries
     * Identify comparable objective and parameters - what information is available?     * Identify comparable objective and parameters - what information is available?
     * Identify what extra information is needed?     * Identify what extra information is needed?
  
-=== Actions by July 2015 === 
  
-What other transparency initiatives exist? What can we learn from them? Are there lessons on what works and what doesn’t, on the design of the initiatives etc. Find examples of transparency initiatives, citizen //unreadable//, other //unreadable// 
  
-=== Transparency pre-enactment ===+=== Pre-enactment ===
  
 {{>http://www.flickr.com/photos/foam/17214055688/ ?maxwidth=600}} \\ {{>http://www.flickr.com/photos/foam/17214055688/ ?maxwidth=600}} \\
  
-Stakeholder reactions:+NOTE: In retrospective it seems that the pre-enactment did not fully capture to key elements of this proposal (above) such as the "value at risk" angle or the "exposing or bringing to light certain practices".  
 + 
 +Stakeholder feedback:
   * It’s a bit green & fluffy, wanting a lot with commercially sensitive information, without making a clear point. Work on clarity of your information.   * It’s a bit green & fluffy, wanting a lot with commercially sensitive information, without making a clear point. Work on clarity of your information.
   * Is it feasible?   * Is it feasible?
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 === Implementation === === Implementation ===
  
-What is the experiment? Transparency of businesses on marine issues. Find out if anyone has done anything like what we are trying to do, how would we develop transparency set of indicators?+What is the experiment? Test the feasibility of using transparency of marine industry practices as a lever for change. Find out if anyone has done anything like what we are trying to do, how would we develop transparency set of indicators, information available and evidence of effectiveness. 
   * Determine key environmental  indicators, look at other initiatives, learn lessons on what works. Scope and map.   * Determine key environmental  indicators, look at other initiatives, learn lessons on what works. Scope and map.
  
-(How would you know it worked? //no clear answer//)+(How would you know if it has worked? Evidence from similar approaches being successful/effective in driving change; availability of information/data to apply this approach/model to the marine context; environmental-social indicators identified & key marine industry sector identified to put this idea into practice)
  
   * Giles circulates FFF work on North sea limits work   * Giles circulates FFF work on North sea limits work
-  * Group discussion on the 3rd of June to discuss environmental indicators by each sector (//unreadable//) 
   * lessons other initiatives:    * lessons other initiatives: 
     * Sandy on climate and chemicals     * Sandy on climate and chemicals
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     * will ask for ideas and initiatives that others the group know of before end of May     * will ask for ideas and initiatives that others the group know of before end of May
   * Share initiatives between the participants to analyse; discuss early July or end of June   * Share initiatives between the participants to analyse; discuss early July or end of June
 +
 +
 +I - Scoping existing practices/initiatives (ALL)
 +  * Has anyone else done anything like this before? 
 +  * Is there any ongoing action on this front? 
 +II - Learning from similar approaches (Lead: Aniol / Sandy)
 +  * What can we learn from similar initiatives (i.e. deforestation; animal welfare, etc). 
 +  * What is the criteria used by funds/banks specialised on sustainable investment? 
 +III – Shaping up the project (Lead: Giles / Andrew)
 +  * Identify relevant industries. 
 +  * Identify comparable parameters / indicators
 +  * What are the key environmental indicators we need to know for which sectors?
 +  * What information is available and what information is needed?
 +  * Select one industry to focus on to test this approach
 +
 +By the end of the 2 months we hope to have enough information to decide if – and how – we take this initiative forward. 
 +
 +
 +  * Phone call on 3rd of June at 8.00 am to discuss progress to date and next steps. Note: time of call might change to 4.30pm (tbc). 
  
 == Needs == == Needs ==
 +
   * information supply:    * information supply: 
     * knowledge about other initiatives?     * knowledge about other initiatives?
 +    * information about the success/effectiveness of other initiatives
     * publicly available information on how companies behave       * publicly available information on how companies behave  
  
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 === Notes === === Notes ===
 +
 {{>http://www.flickr.com/photos/foam/17374828786/ ?maxwidth=300}}{{>http://www.flickr.com/photos/foam/16778299084/ ?maxwidth=300}} {{>http://www.flickr.com/photos/foam/17374828786/ ?maxwidth=300}}{{>http://www.flickr.com/photos/foam/16778299084/ ?maxwidth=300}}
 [[https://www.flickr.com/photos/foam/17374828786/|larger image left]] on flickr [[https://www.flickr.com/photos/foam/17374828786/|larger image left]] on flickr
 [[http://www.flickr.com/photos/foam/16778299084/|larger image right]] on flickr [[http://www.flickr.com/photos/foam/16778299084/|larger image right]] on flickr
- 
- 
  
 ====Progress==== ====Progress====
 +  * 12 May 2015 - request for existing [[transparency initiatives]]
  
 ====Results==== ====Results====
 +
 +How do any results collected during the experiment support or refute your hypothesis?
  
 **Expected results** **Expected results**
  • marine_colab/transparency_experiment.txt
  • Last modified: 2015-07-07 10:25
  • by nik