ECONIC – TOWARDS REGENERATIVE BUSINESS BY BUILDING IMPACT MEASURING, REPORTING AND STEERING
econic‘s mission is a world without emissions, so their ambition is to turn every house into an e-home. In order to meet the EU emission targets for 2030 in The Netherlands we need to transform 1000 houses per day – from now on – into e-homes. That is an immense task. econic’s mission stands for meaningful entrepreneurship in the energy transition, which requires steering on value creation towards the promise of a regenerative business.
Impact Institute and econic cooperated to explore impact and impact measuring at econic. This project consisted of four elements: 1. translating econic’s mission in terms of impact. 2. analysing the value creation from econic’s activities with a value creation model, 3. qualitatively estimating econic-specific impacts with an impact hotspot on six capitals and six stakeholder groups, and 4. executing an impact measurement by quantifying the impacts ‘contribution to climate change’ and ‘avoided contribution to climate change’. A deep-dive into these impacts included insights into production vs use phase of heat pumps and differences between client groups.
Benefits to the client
Goal of the project was for econic to get more grip on impact: What is impact?Where can econic exert influence? What does that mean for econic’s business and ambitions? By quantifying impact, econic’s ambition becomes measurable. In addition, econic can communicate on impact towards stakeholders, and eventually steer on impact. Impact measuring also provided insights into societal value added of different products and business propositions (e.g. existing build versus new build, solar panels, collective systems, insulation). The deep-dive furthermore resulted in strategies and metrics for econic to create more value. During this project, several workshops were held in order to capitalise on knowledge transfer. Reporting and steering on impact are the next possible steps towards long term integrated value creation.