Working Groups | Geo Value

Working Groups

GEOValue organises working groups as well as workshops with experts on selected topics, with the general objective to gather examples of current practices and possibly develop common frameworks or recommendations.

Working Group on Methodology for non-monetary benefits

A working group has been looking at how best to assess those benefits which are not monetized. Six dimensions have been identified where the first are “economic” benefits meaning those which can be monetized and then a further 5 dimensions which are not monetized.

Monetary	Impacts related to the production of goods or services, or impacts on monetary flow or volume, such as revenue, profit, capital and (indirectly, through turnover generation) employment.
Environmental	Impacts related to the state and health of the environment, particularly as regards the ecosystem services on which human societies depend.
Regulatory	Impacts linked to the development, enactment or enforcement of regulations, directives and other legal instruments by policymakers.
Innovation	Impacts linked to the development of new enterprise and/or the introduction of technological innovation into the market and/or business processes.
Research & Science	Impacts linked to academic, scientific or technological research and development, the advancement of the state of knowledge in a particular domain.
Societal	Impacts related to broader societal aspects, such as public health, citizen security and welfare.