I've just published the World Balance Sheet 2018 here. This is an illustrative example intended to spark debate and ideas, rather than a finished or perfect object. Very few people have even attempted to create such a balance sheet. I've built on the work of one of those who has - Harald Deutsch - amending it and enhancing it through a lens of sustainability, for example by adding in natural capital. What my world balance sheet shows is that there is a significant "asset stewardship shortfall" of about USD 600 trillion. This arises mostly from degradation, and drawing down, of natural capital to meet humanity's aggregate consumption. I think the overall message is clear - we need to repair, enhance and maintain adequate natural capital to reduce the asset stewardship shortfall and eventually restore the balance in the world balance sheet.
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AuthorThe Planetary CFO - working towards a sustainable World Balance Sheet. Categories
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November 2024
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