Towards Building a Sustainable Society: What is the Inclusive Wealth Index?

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  • DATE / TIME:
    2013•01•07    10:30 - 12:00

    What constitutes the true wealth of nations? What kind of index can measure true wealth?

    To address these questions, the International Human Development Programme on Global Environmental Change, hosted by UNU (UNU-IHDP), the United Nations Environment Programme (UNEP) and other partner agencies released the Inclusive Wealth Report 2012(IWR)at the United Nations Conference on Sustainable Development on 17 June 2012.

    Economic production indicators such as gross domestic product (GDP) and the Human Development Index (HDI) fail to reflect the state of natural resources or ecological conditions. Both focus exclusively on the short term, without indicating whether national policies are sustainable over longer periods of time.

    The Inclusive Wealth Report 2012 presents an index (the Inclusive Wealth Index, IWI) that measures the wealth of nations by comprehensively analysing a country’s capital assets, including manufactured, human and natural capital, and its corresponding values.

    By assessing changes in natural capital (such as forests, watersheds, fossil fuels and fisheries) over time, in addition to manufactured and human capital, the concept of inclusive wealth puts new emphasis on the changing state of a country’s natural resource base, stressing its fundamental impact on long-term economic and social sustainability.

    The report highlights the usefulness of the index, pointing out that “the world’s fixation on economic growth ignores a rapid and largely irreversible trend of natural resources depletion that will seriously harm future generations. IWI presents sustainability of wealth and development of nation”.

    The event “Towards Building a Sustainable Society: What is the Inclusive Wealth Index?”will feature lectures by:

    • Prof. Partha Dasgupta (Science Advisor to IWR and Frank Ramsey Professor Emeritus of Economics at the University of Cambridge),
    • Prof. Anantha Duraiappah (Executive Director of UNU-IHDP), and
    • Prof. Kazuhiro Ueta (Professor of Graduate School of Economics, Kyoto University).

    English-Japanese simultaneous interpretation will be provided.

    The event is being organized by the UNU Institute for Sustainability and Peace (UNU-ISP), Global Environmental Outreach Centre, The University of Tokyo, Integrated Research System for Sustainability Science (IR3S).

    If you would like to attend, please click on the “REGISTER” button above and complete the online registration form.

    For more information, see the event announcement page on the UNU-ISP website or GEOC website.