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What is Wealth?
January 23 @ 12:00 pm - 2:00 pm
This text was taken from the Green Economy Coalition.
“For decades, wealth has been miscalculated.
Now governments and corporations are starting to account for wealth in rather different terms. For the first time, natural and social capital is being quantified alongside productivity. This new approach is revolutionising what it means for a country or a business to be wealthy and profitable. It has the potential to overhaul historic divisions between rich and poor countries, or profitable and unprofitable companies, as credit rating agencies and investors shift behaviour.
The future of wealth will look rather different as natural and social capital will be integrated into financial statements and government budgets; as investments are stress tested against carbon and biodiversity; and as the asset portfolios of different countries or companies include their impacts upon natural and social capitals. When seen in this light, the SDGs are no longer abstract intergovernmental targets, but a roadmap for where our economies are heading.
In this interactive session, a leading panel of macro-economists, financiers and business leaders will consider what “wealth” will look like in the year 2030. Together with the audience, we will explore what that means for business and political leaders and how markets can prepare.
•Moderator: Oliver Greenfield, Convenor, Green Economy Coalition
•Cameron Hepburn, Economist, Oxford University
•Pavan Sukhdev, WWF International
•Michael Izza, CEO, Institute of Chartered Accountants in England and Wales
•Lauren Smart, Managing Director, Global Head of Financial Institutions Business, S&P Global
Lunch will be provided.
Presented by the Green Economy Coalition, MAVA Foundation, WWF-France, Finance Watch, the Natural Capital Coalition, and the Green Growth Knowledge Platform.”
Read on and register here.