As the climate crisis escalates and social inequalities deepen, the need to measure what truly matters has never been more urgent. The recent MeasureUp webinar, “Beyond Carbon: Practical Environmental & Wellbeing Valuation,” brought together leading practitioners to explore how we can move past carbon-only metrics and towards a more holistic understanding of environmental and wellbeing impact.
Led by Catherine Manning (Head of Impact Practice at Impact Reporting and Programme Director for MeasureUp) and Alan Little (Chief economist at State of Life), the session provided a wealth of practical guidance and philosophical clarity. Here’s a helpful recap of what we covered.
Catherine began by placing the session in context: social value practice exists within a world of overlapping crises – environmental degradation, political instability, and widening inequalities. In this reality, our role as practitioners is not only to measure but to influence decision-making that leads to real change.
The aim? To account for what really matters to people and planet. That means going beyond financial proxies and carbon emissions to include all ten dimensions of wellbeing – especially the environmental factors that both affect and are affected by human activity.
A key part of the session was the walkthrough of recent updates to the MeasureUp framework, particularly the expansion of its environmental valuation resources. Here are the specific developments:
MeasureUp now organises its environmental proxy values into four practical subcategories:
This structure reflects the real-world activities that practitioners are trying to assess and provides better alignment with frameworks like the Greenhouse Gas Protocol.
MeasureUp continues to support a progressive model of measurement:
Importantly, the new guidance also introduces clearer language around negative values (disbenefits), helping practitioners avoid common pitfalls in environmental reporting (e.g. mistaking emissions for positive value).
These categories align with both UK policy tools and real-world practitioner needs, offering credible, progressive valuations that go beyond tokenistic carbon counting.
Alan Little then provided an accessible overview of how environmental valuation actually works in practice. He used the example of him tripping with a cup of coffee at home.
He outlined three core methods:
These methods mirror those used in government economics and can be adapted to suit the scope and scale of social value projects. Alan stressed that valuation is the final step in a three-part process: describe, quantify, then value.
A key resource highlighted in the webinar is the Green Book supplementary guidance: Enabling a Natural Capital Approach (ENCA). Alan recommended its use even for non-government practitioners, calling it a gold standard for identifying and understanding environmental impacts.
The ENCA framework encourages project leads to consider:
Answering these basic screening questions is a powerful first step in going beyond carbon and identifying broader environmental consequences.
Questions? Get in touch with us at hello@measure-up.org