UNDERSTANDING TRIPLE CAPITAL ACCOUNTING

The Low-Down of Triple Capital Accounting

The world faces an unprecedented health crisis in all probability linked to Man’s environmental impact. Climate change and our relationship to nature resultingly appear as critical issues forour21st century, particularly for the current decade. Consider the recurrence of economic and financial crises. Ever-increasing wealth inequalities. Our growing awareness of environmental risks (such as climate change and biodiversity loss). So many considerations have come to challenge the sustainability of our economic and financial models. 

With the rebalancing of our priorities in view of our current climate and social emergency, there has been a growing collective will to direct private resources toward achieving the UN Sustainable Development Goals by 2030. Given how it acts as their primary compass, it is crucial accounting fully integrates human and natural assets. That is precisely the goal of triple capital accounting.

Key Takeways

In this briefing paper, Ksapa is giving tools to deeply understand what the triple capital accounting is.