Primary Functions
- Learn how The Coca-Cola Company (TCCC) collaborated with denkstatt to help TCCC understand the added value of water projects for ecosystem services and better evaluate and target investment decisions.
Detailed Description
As The Coca-Cola Company is seeking to enhance its water stewardship programs, it recognizes the importance of measuring the broader value of water replenishment and conservation projects in supporting Natural Capital, e.g. by enhancing ecosystem services. By quantifying and measuring these ecosystem service benefits, The Coca-Cola Company expected to better capture and communicate project impacts beyond replenishment, to manage project outcomes that are providing optimized replenishment and ecosystem benefits, and to help drive future investment in more beneficial interventions.
This requires a concept that goes beyond captured volumes of water and assesses the additional ecosystem benefits of water replenishment projects, such as water regulation and treatment, improved habitats for water birds and aquatic species, flood protection for communities, tourism, and education.
However, the methodology for these evaluations is still in its infancy. So The Coca-Cola Company Western Europe collaborated with denkstatt, an expert consultancy, to develop a methodology and a practical tool for quantifying the intervention’s value to the ecosystem, and to compare eight leading European replenishment projects on the basis of their overall ecosystem service benefits.
This work has also been submitted to the Natural Capital Coalition protocol pilot pro ject, where both Coca-Cola and denkstatt are global partners.
