Utilyx, the energy consultancy division of UK facilities management company MITIE, wanted to engage the responsible investment community with its decentralized energy strategy and tap in to the £110 billion funding required to upgrade the UK’s aging infrastructure.
There is increased momentum for investment appraisals to evaluate economic, environmental and social impact, and the UK’s Green Investment Bank is one of the leading members of the financial community to use this to evaluate as part of its return and impact on investment. In order to engage these investors and appraisers, Utilyx asked Trucost to compare the net benefits of its decentralized energy center to the UK’s centralized energy supply, over the 25-year lifetime of the centre.
“To establish a business sustainable evaluation of our energy assets we needed to measure and protect what nature gives us for free and remove that economic invisibility to ensure that future income and growth are sustainable. In monetizing environmental impacts, Utilyx is also future proofing business against future policy and legislative changes which are likely to occur in the coming years such as taxes on carbon, greenhouse gas emissions and other aspects of the ecosystem.”
Monetising Natural Capital (publication)