Land Promotion
private landowner
INTRODUCING
The Six Capitals
In our industry, decisions on strategy, design, partnerships etc are usually driven by the financial capital of a project, often at the expense of other important considerations. Truly sustainable development will never be achieved if this remains the approach.
At the heart of all we do is the Six Capitals model of sustainable development – originally developed by the big financial institutions as a means of measuring values in addition to financial. By understanding and embracing these capitals, we believe that we can better measure the ‘total impact’ of our work, maximising the value we create in a holistic sense.
“The capitals are our compass. They guide our journey and provide a common reference point. They keep us honest”
Peter Garrett, Managing Director, Keyland
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The model places natural capital as the basis of other forms of capital (if you don’t have clean water, good air quality, food, etc. it is very hard for society to function).
The model places natural capital as the basis of other forms of capital (if you don’t have clean water, good air quality, food, etc. it is very hard for society to function).
Social capital represents having strong institutions and communities that provide the networks and relationships that form culture and our society.
Social capital represents having strong institutions and communities that provide the networks and relationships that form culture and our society.
Collectively these natural and social foundations provide the basis of good health, wellbeing, knowledge, skills, that enable us to be happy and productive – human capital.
Collectively these natural and social foundations provide the basis of good health, wellbeing, knowledge, skills, that enable us to be happy and productive – human capital.
Without well functioning people its hard to build the intellectual capital and innovation that drives productivity and good (and inclusive) growth.
Without well functioning people its hard to build the intellectual capital and innovation that drives productivity and good (and inclusive) growth.
Through using natural, social and our human ingenuity and innovation we can create, buildings, infrastructure, products that form manufactured capital.
Through using natural, social and our human ingenuity and innovation we can create, buildings, infrastructure, products that form manufactured capital.
Finally, the financial capital. The traditional measure of value. However, this model very purposely puts financial in the centre. Because if all outer rings grow –so will financial in the long term. Conversely, if all outer rings shrink – so will financial.
Finally, the financial capital. The traditional measure of value. However, this model very purposely puts financial in the centre. Because if all outer rings grow –so will financial in the long term. Conversely, if all outer rings shrink – so will financial.
Applying
The six Capitals
The power of the Six Capitals to be a force for positive change will only be realised if they are truly understood and then applied consistently.
We’ve spent several years developing an approach that fully embeds the Six Capitals at the heart of all we do – who we partner with, the consultants we use, the design strategies we adopt and our approach to disposal. This process is described below.
UNDERSTAND DRIVERS
Our approach is rooted in an understanding of policy, priorities and needs – the drivers.
VISIONS & OBJECTIVES
These are then considered through the lens of the Six Capitals – i.e. how do these issues relate to and affect each capital, and how does this inform the project vision and objectives.
OUTLINE STRATEGIES
By considering each issue through the lens of each capital, we develop a series of design strategies – which might for example be around minimising water, energy, design quality, well-being, infrastructure, good economic growth.
INTEGRATED MASTERPLAN
We then use our experienced project teams to integrate these into an integrated masterplan
DELIVER GREAT OUTCOMES
This leads us to a very different master-planning approach – where there is a clear emphasis on people, climate and inclusive growth at a local level.
