What is the value of nature? Nature provides services that enable our very lives, but these services have rarely been valued in terms that allow us to include that value in key decisions—especially when it comes to business. Without visibility, they are often traded away inappropriately. Sustainable development requires that we be able to describe the value in terms that make nature comparable with other alternatives—because when we do so, the natural solution is often the superior—and more economical–solution.
For nearly a decade, Dow and The Nature Conservancy have pioneered an approach to value the services of nature on Dow sites around the world. New tools and processes—including the Ecosystem Services Identification & Inventory (ESII) Tool– have led Dow to realize a value of $431 million–mostly through avoided costs–toward its goal of creating $1 billion by 2025 for the company by valuing nature in business decisions.
Wednesday, December 2, 2020
3:30 – 4:45 pm (Eastern)/ 2:30-3:45 pm (Central)
Join the Council of the Great Lakes Region for a discussion with Mary Draves, Dow’s Chief Sustainability Officer, and the Nature Conservancy for a briefing and dialogue around lessons learned in valuing nature, including the ESII Tool, which is publicly available for use.
Mary F. Draves
Chief Sustainability Officer and Vice President, Environment, Health and Safety, Dow
As chief sustainability officer and vice president of Environment, Health and Safety (EH&S) for Dow, Mary Draves is passionate about using science, innovation and collaboration to drive transformative and sustainable change. Draves has led Dow’s groundbreaking Valuing Nature Goal, which represents the first-ever commitment by a
corporation to formally factor nature into its business decisions. Under her leadership, Dow has enjoyed a highly productive collaboration with The Nature Conservancy (TNC). Together with TNC, she and her team have helped pioneer tools and create a cultural shift that are enabling Dow sites to make a compelling business case for adopting nature-based project solutions. Dow’s aim is to identify $1 billion worth of value to Dow from projects that enhance nature by 2025. Since launching the goal in 2015, the Company has realized about $431 million of value in nature-based decisions.
Director of Corporate Engagement, The Nature Conservancy
As Director on the Corporate Engagement team for The Nature Conservancy, Jim has served as the Project Manager of the TNC-Dow Collaboration since 2012, and has also led TNC’s collaboration with Amazon and Shell.
Prior to joining the Conservancy, Jim served in senior roles in the District of Columbia Government, and at Accenture, PricewaterhouseCoopers, and Deloitte, where he led Supply Chain and Strategy projects for numerous Fortune 50 clients. He has an MBA from Darden and a BS in Economics from Wharton.