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L2 - V3 PESTLE and Stakeholders

The document discusses tools for analyzing societal factors surrounding projects, including PESTLE analysis and stakeholder analysis. PESTLE analysis can help projects be proactive rather than reactive. Stakeholder analysis identifies those with power and interest to affect a project. The document also discusses carbon offsetting and uses a case study to illustrate the importance of considering stakeholders.

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45 views13 pages

L2 - V3 PESTLE and Stakeholders

The document discusses tools for analyzing societal factors surrounding projects, including PESTLE analysis and stakeholder analysis. PESTLE analysis can help projects be proactive rather than reactive. Stakeholder analysis identifies those with power and interest to affect a project. The document also discusses carbon offsetting and uses a case study to illustrate the importance of considering stakeholders.

Uploaded by

Gary Gary xu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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UCL Department of Chemical Engineering

PESTLE and
Stakeholders
Part of CENG0016 Sustainability
L2_V3

© UCL Chemical Engineering 1


UCL Department of Chemical Engineering

Summary
• Two tools to analyse societal factors surrounding your projects are
discussed – PESTLE and the Power-Interest Matrix.
• PESTLE Analysis aims to help the project be proactive rather than
reactive.
• Stakeholders: Their different needs and management strategies.
• Carbon Offsetting.

© UCL Chemical Engineering 2


UCL Department of Chemical Engineering

PESTLE Analysis (1/3)


• Political

• Economic
• Social
• Technological
• Legal
• Environmental

© UCL Chemical Engineering 3


UCL Department of Chemical Engineering

PESTLE Analysis (3/3)


• With your team, brainstorm • Political
PESTLE factors relevant to your • Economic
project and describe them.
• Social
• Make a list of topics to research.
• Technological
• We will ask some of you to share • Legal
your findings.
• Environmental

© UCL Chemical Engineering 4


UCL Department of Chemical Engineering

PESTLE Analysis (2/3)


• The environment around • Political
businesses change constantly. • Economic
• Adaptation is key. • Social
• Proactive vs. Reactive • Technological
• Legal
• Environmental

© UCL Chemical Engineering 5


UCL Department of Chemical Engineering

Stakeholders (1/2)
Who has the power and interest to affect
your proposed process?
• Bank/Shareholders – if project is not
profitable they will not fund your efforts.
• Employees are seeking work life balance
and safe working conditions.
• Community wants clean operations and
support for quality of life.
• Politicians want to bring new jobs
• Suppliers want you to buy their products
• How do you manage those stakeholders?

© UCL Chemical Engineering 6


UCL Department of Chemical Engineering

Stakeholders (2/2)
Why is it important to actively
consider stakeholders?
Case Study: Brent Spar
• Concrete pillar weighing 14.5kT
that was used for crude oil
storage by Shell/Esso until 1991.
• What is the key learning from this
/ where did Shell go wrong?

© UCL Chemical Engineering 7


UCL Department of Chemical Engineering

Power – Interest matrix (1/2)


• Framework to analyse stakeholders.
• Anticipate your strategy for each
stakeholder.
• Include a Pro-Anti dimension(?)

© UCL Chemical Engineering 8


UCL Department of Chemical Engineering

Power – Interest matrix (2/2)


• With your team, brainstorm Stakeholders
relevant to your project and locate them
in a power-interest matrix.
• Make a list of topics to research.
• We will ask some of you to share your
findings.

© UCL Chemical Engineering 9


UCL Department of Chemical Engineering

Offsetting (1/2)
• Research what is carbon offsetting.
• Read the FT opinion on offsets
(LINK).
• Find what is UCL’s carbon offsetting
policy.
• The ChemEng department also has
one! (can you find it?)

© UCL Chemical Engineering 10


UCL Department of Chemical Engineering

Offsetting (2/2)
• Is offsetting worth it for your project?
• How do you start answering that question?
• What are the advantages of offsetting from the perspective of
Bentham Corporation?
• Is offsetting a long-term and large-scale solution?

© UCL Chemical Engineering 11


UCL Department of Chemical Engineering

STRUCTURE – Half Way Through


Appraise Select
• Sustainability; • Quantitative sustainability;
• Corporations and social • Life Cycle Analysis;
responsibility; • Climate change and global
• PESTLE & Stakeholders analyses; warming.
• Offsets.

DONE
© UCL Chemical Engineering 12
UCL Department of Chemical Engineering

Next…
Start thinking and researching about your own PESTLE and
stakeholder analyses.
• Prepare a couple of slides to share on the Q&A session.
Continue to the next presentation.
Thank you!

© UCL Chemical Engineering 13

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