Document summary
This excellent example of an Integrated Profit and Loss Report was driven by Yarra Valley Water’s desire to understand the full value it delivers to society. It forms a key part of its Restorative Strategy which aims to answer questions such as ‘what could we do as a business to add greatest value?’ and ‘how do we contribute towards liveability?’ The scope of the work centered on the positive and negative impacts of Yarra Valley Water’s direct operations in all four capitals. It also analyzed the positive and negative natural capital impacts of the services it purchases from its suppliers. The authors approach was to consider “value addition” through a holistic lens: measuring impacts across all capitals, not just financial capital, and across all categories of stakeholders affected – including employees, customers and society at large – and not just its shareholder, the Victorian Government.