Six Capitals, or Can Accountants Save the Planet?: Rethinking Capitalism for the Twenty-First Century

Six Capitals, or Can Accountants Save the Planet?: Rethinking Capitalism for the Twenty-First Century
Author: Jane Gleeson-White
Publisher: W. W. Norton & Company
Total Pages: 212
Release: 2015-02-25
Genre: Business & Economics
ISBN: 039324668X

A timely and fascinating account of the revolution going on in the world of finance from the acclaimed author of Double Entry. This is the story of a twenty-first-century revolution being led by the most unlikely of rebels: accountants. Only the second revolution in accounting since double-entry bookkeeping began, it is of seismic proportions, driven by the 2008 financial crash and our ongoing environmental crisis. The changes it will wreak are profound and far-reaching and not only will transform the way the world does business but also will alter the nature of capitalism. While the wealth of nations and corporations has been vital to the global economy, increasingly the world is coming to realize that such endless growth is limited by the earth's resources and comes at a huge price to the planet and to human well-being. It simply cannot be sustained. This revolution demands that we go beyond merely accounting for traditional financial and industrial capital and take account of the benefits and detriments to the natural world and society. It urges us to include four new categories of wealth: intellectual (such as intellectual property), human (skills, productivity, and health), social and relationship (shared norms and values), and natural (environment). Making them part of our financial statements and GDP figures may be the only way to address the many calamities we face. Just two years ago this revolution seemed idealistic and unlikely. Today it is quickly unfolding. In 2012, the sea-change year, two key initiatives took root: an international movement to transform how corporate accounting is calculated and the rise of incorporating the effects on the environment to the accounting of national and global economies. Six Capitals tells the story of this coming new age in capitalism, evaluating its promise and the disaster that lies ahead if it is not implemented.

Six Capitals Updated Edition

Six Capitals Updated Edition
Author: Jane Gleeson-White
Publisher: Allen & Unwin
Total Pages: 242
Release: 2020-04-28
Genre: Business & Economics
ISBN: 1760874213

FULLY REVISED AND UPDATED 'A fascinating read. Gleeson-White artfully captivates the reader as she explores the fast-evolving language, metrics, actors and laws that are profoundly reshaping "capital" in the 21st century.' KATE RAWORTH, author of Doughnut Economics Climate change is here and capitalism is implicated: it's programmed to privilege profit and growth over human communities and the living earth. We need to change this system - and we need to do it now. Six Capitals charts the rise of four movements designed to overthrow capitalism as we know it: multi-capital accounting, for society, nature and profit; the push for a new corporation legally bound to benefit nature and society while making a profit; ecosystem accounting for nations; and legal rights for nature, which resonate with indigenous earth-centred laws.These movements are critical for the future of human life on this planet. Together they override the profit-driven modern corporation, the growth-driven nation state and the legal status of the natural world as lifeless property. Multi-capital and ecosystem accounting, benefit corporations and the rights of nature movement are here to stay. Six Capitals tells their story, from their first emergence in the postwar era to today. This revised, updated edition is for the new generations of business leaders, entrepreneurs, activists, accountants, economists, scientists, farmers, food growers and distributors, teachers, parents, politicians, bureaucrats and concerned citizens everywhere. 'broaden financial reports to include measures of social and environmental issues and just watch how it changes the behaviour of business people. Gleeson-White makes a good case for the success of her unlikely revolutionaries.' ROSS GITTINS, Sydney Morning Herald 'Six Capitals reveals the critical role of accounting in reimagining the way we do business and make policy in the twenty-first century. It's time for everyone to pay attention.' CARL OBST, lead author, United Nations System of Environmental-Economic Accounting

The MultiCapital Scorecard

The MultiCapital Scorecard
Author: Martin P. Thomas
Publisher: Chelsea Green Publishing
Total Pages: 258
Release: 2016
Genre: Business & Economics
ISBN: 1603586903

For decades now, organizations have been struggling to find the best way to address their social and environmental responsibilities alongside their economic obligations. In other words, they want to know how best to effectively manage their operations based on a triple bottom line (3BL)--one that reflects social, environmental, and economic performance. Recently, an international standard for integrated reporting has emerged that in principle emphasizes the importance of managing toward a triple bottom line. But it fails to provide specific guidance on how to do so. Organizations have been left to their own devices to respond. How should 3BL management actually be done? In this book, sustainability and performance experts Martin Thomas and Mark McElroy introduce the world's most advanced 3BL performance accounting methodology: The MultiCapital Scorecard. It is the first context-based integrated measurement, management, and reporting system. And, it can help corporations, public institutions, and other organizations answer the question they should be asking themselves for every aspect of their operations: "How much is enough for us to be sustainable?" The answers set internal performance standards against which operations and their impacts can be measured. Nothing less will do! The MultiCapital Scorecard describes this open-source methodology, which consists of a structured, quantitative measurement and reporting system that complies with international standards for 3BL integrated measurement and reporting. Moreover, the MultiCapital Scorecard is designed to help organizations assess their own 3BL performance in their own contexts with context-based metrics of their own choosing. An eminently practical management aid for integrated thinking, it can be tailored to any organization's needs. The authors also describe how and why businesses are gradually shifting from managing impacts on only one type of capital (economic) to managing impacts on multiple types. They also provide detailed examples of worked reports, showing how organizations might develop and quantify the interim and long-term goals to meet their obligations to their employees, community, shareholders, and the environment. The examples also show how an organization can use the Multicapital Scorecard methodology to assess their progress in meeting those goals, and convey that progress to their stakeholders.

Capital, Systems, and Objects

Capital, Systems, and Objects
Author: Richard Thomas Watson
Publisher: Springer Nature
Total Pages: 257
Release: 2021-08-19
Genre: Business & Economics
ISBN: 9813366257

This book provides a set of integrated frameworks—capital, systems, and objects—that transcend managerial or technology hype by focusing on the long-term fundamentals that sustain organizational success, and it contains cases from South East Asia to elaborate this concept. Many organizations are currently addressing two important transformational issues: ecological sustainability and digitization. Sustainability is a goal, an end, and digitization is a process, a means to achieve a goal. This book introduces a flexible model that can be applied to current and future organizational challenges, including sustainability and digitization, because the fundamentals are constant. This book is designed to serve two purposes for the readers: first, to present three conceptual foundations for designing and operating organizations (capital, systems, and objects (section 1)); and second, to provide a reference source for implementing these ideas in your organization (sections 2 and 3). The first section of the book, chapters 1 through 7, sets forth the conceptual foundations. The chapters mix concepts and practical examples to give a new way of thinking about the setting in which one may work many days each year. The second section provides details and associated examples of every one of the thirty-six forms of capital conversion. It also illustrates how the five foundational systems support capital conversion in a variety of ways. Finally, the third section is about measuring capital and systems. The book covers measurement of all types of capital and systems performance and has been written for current and future organizational leaders to change the game and play it more effectively. The book will thus resonate with students of organizational behaviour and leadership strategy, organizational leaders, industry experts, and general readers.

Accounting, Accountability and Society

Accounting, Accountability and Society
Author: Mara Del Baldo
Publisher: Springer Nature
Total Pages: 280
Release: 2020-03-31
Genre: Business & Economics
ISBN: 3030411427

This book addresses the growing interest among policymakers, practitioners and academics in the evolution and the future implications of social, environmental and sustainability accounting. To do so, it examines the conceptual and practical application of accountability at multiple levels and contexts, and presents a range of case studies focusing on salient issues, perspectives and the potential of multidimensional accounting and reporting regimes. Intended for a diverse audience, the book allows readers to gain a better understanding of the topics, encourages dialogue and debate, and stimulates innovation in scholarship, policy and practice.

Tactics and Emancipation in the Age of Authoritarian Neoliberalism

Tactics and Emancipation in the Age of Authoritarian Neoliberalism
Author: Nicholas Kiersey
Publisher: Taylor & Francis
Total Pages: 190
Release: 2023-04-11
Genre: Political Science
ISBN: 1000861562

This book calls for new attention to non-traditional forms of emancipatory tactics and welcomes to the fold all manner of ‘everyday’ expressions of anti-authoritarianism. Capitalism has taken the mask off. Elites feel less obliged to pursue strategies of popular legitimization. The traditional institutions of representative democracies are thus hollowing out and stand before us corrupted and broken. In this milieu, the prospects for a democratic entering of the state are seen as increasingly fantastical, and the Left is advised instead to adopt a more tactical posture. These expressions can run the gamut, from the more obviously theatrical antics of ‘The Yes Men’ to those of ‘black bloc,’ and other direct-action militant groups, already well-known from their interventions in the cities of Berkeley and Charlottesville. This volume addresses this problem via the concept of tactics. The point is less to prescribe an ideal range of tactics but rather to consider a broader range of resistances—from the struggles of indigenous peoples to those who seek refuge from gender or citizenship-based discrimination to those who seek to defend “black lives” from militarized policing. Tactics and Emancipation in the Age of Authoritarian Neoliberalism will be a beneficial read for students and scholars of Critical Political Science, International Relations, and International Political Economy. The chapters in this book were originally published as a special issue of New Political Science.

Six Capitals Or Can Accountants Save the Planet

Six Capitals Or Can Accountants Save the Planet
Author: Jane Gleeson-white
Publisher: National Geographic Books
Total Pages: 0
Release: 2015-02-03
Genre: Business & Economics
ISBN: 0393246671

A timely and fascinating account of the revolution going on in the world of finance from the acclaimed author of Double Entry. This is the story of a twenty-first-century revolution being led by the most unlikely of rebels: accountants. Only the second revolution in accounting since double-entry bookkeeping began, it is of seismic proportions, driven by the 2008 financial crash and our ongoing environmental crisis. The changes it will wreak are profound and far-reaching and not only will transform the way the world does business but also will alter the nature of capitalism. While the wealth of nations and corporations has been vital to the global economy, increasingly the world is coming to realize that such endless growth is limited by the earth's resources and comes at a huge price to the planet and to human well-being. It simply cannot be sustained. This revolution demands that we go beyond merely accounting for traditional financial and industrial capital and take account of the benefits and detriments to the natural world and society. It urges us to include four new categories of wealth: intellectual (such as intellectual property), human (skills, productivity, and health), social and relationship (shared norms and values), and natural (environment). Making them part of our financial statements and GDP figures may be the only way to address the many calamities we face. Just two years ago this revolution seemed idealistic and unlikely. Today it is quickly unfolding. In 2012, the sea-change year, two key initiatives took root: an international movement to transform how corporate accounting is calculated and the rise of incorporating the effects on the environment to the accounting of national and global economies. Six Capitals tells the story of this coming new age in capitalism, evaluating its promise and the disaster that lies ahead if it is not implemented.

Handbook of Environmental and Sustainable Finance

Handbook of Environmental and Sustainable Finance
Author: Vikash Ramiah
Publisher: Academic Press
Total Pages: 512
Release: 2015-10-28
Genre: Science
ISBN: 012803646X

The use of financial concepts and tools to shape development is hardly new, but their recent adoption by advocates of sustainable environmental management has created opportunities for innovation in business and regulatory groups. The Handbook of Environmental and Sustainable Finance summarizes the latest trends and attitudes in environmental finance, balancing empirical research with theory and applications. It captures the evolution of environmental finance from a niche scholarly field to a mainstream subdiscipline, and it provides glimpses of future directions for research. Covering implications from the Kyoto and Paris Protocols, it presents an intellectually cohesive examination of problems, opportunities, and metrics worldwide. - Introduces the latest developments in environmental economics, sustainable accounting work, and environmental/sustainable finance - Explores the effects of environmental regulation on the economy and businesses - Emphasizes research about the trade-environmental regulation nexus, relevant for economics and business students

Handbook of Environmental Economics

Handbook of Environmental Economics
Author:
Publisher: Elsevier
Total Pages: 498
Release: 2018-10-17
Genre: Business & Economics
ISBN: 0444537732

Handbook in Environmental Economics, Volume 4, the latest in this ongoing series, highlights new advances in the field, with this new volume presenting timely chapters on Modeling Ecosystems and Economic Systems, Framing Sustainability Policy Questions: Who Leads – Ecology or Economics?, Valuing Natural Capital Within an Integrated Economic Ecological, Developing Economies, Urbanization, Climate Change and Health, Viewing Environmental Policy Instruments for Domestic and International Perspective, Quasi experimental Estimation of Environmental Policies, Environment Macro, The Rules for Formal and Informal Institutions in Managing Environmental Resources, and How Should Uncertainty Be Integrated into the Methods for Policy Evaluation? - Answers key policy questions facing environmental agencies in developed and developing economies - Integrates insights from economics and ecology as part of several key chapters - Presents the latest on efforts to review and evaluate the new literatures on field and quasi experiments in environmental economics - Provides the first substantive review of environmental macro economics

Tomorrow's Economy

Tomorrow's Economy
Author: Per Espen Stoknes
Publisher: MIT Press
Total Pages: 380
Release: 2021-03-16
Genre: Business & Economics
ISBN: 0262044854

How we can achieve healthy growth--more regenerative than destructive, restoring equity rather than exacerbating inequalities. In Tomorrow's Economy, Per Espen Stoknes reframes the hot-button issue of economic growth. Going beyond the usual dialectic of pro-growth versus anti-growth, Stoknes calls for healthy growth. Healthy economic growth is more regenerative than destructive, repairs problems rather than greenwashing them, and restores equity rather than exacerbating global inequalities. Stoknes--a psychologist, economist, climate strategy researcher, and green-tech entrepreneur--argues that we have the tools to achieve healthy growth, but our success depends on transformations in government practices and individual behavior. Stoknes provides a compass to guide us toward the mindset, mechanisms, and possibilities of healthy growth.