Imagine if a company's success wasn't just measured by its bank balance, but also by how happy its employees are and how clean the air is around its factory. This work creates a new set of accounting rules to measure progress using health and nature instead of just money. It helps leaders plan for a future where staying green and fair is the main goal.
Companies and governments rely on GDP, which fails to account for environmental destruction and social inequality. This leads to poor long-term planning and a failure to meet net-zero and sustainability targets.
An open access accounting system and a set of 11 models (9 partial, 2 integrated) to measure wellbeing and sustainability.
If you are an ESG strategy firm dealing with outdated GDP-based growth metrics — this project developed a new accounting system that tracks wellbeing and inclusion to provide a more accurate picture of long-term value.
If you are a planning agency dealing with social inequality in urban growth — this project developed 2 integrated models that help predict how different policy choices affect people's lives up to 2050.
If you are a manufacturer dealing with the shift to net-zero targets — this project developed a set of metrics that link business performance to environmental health and social fairness.
Based on available project data, the accounting system is designed to be open access, but specific pricing for commercial implementation is not mentioned.
The project uses 9 partial models and 2 integrated models to analyze economic shifts, suggesting a capacity for large-scale systemic analysis.
Based on available project data, the project aims for an open access accounting system, though specific patent or license details are not provided.
The work links to European policy strategies such as Net-zero targets and the Circular Economy transition to help align business with future laws.
The project runs from 2023-01-01 to 2027-04-30, with a vision for economic shifts extending to 2050.
The consortium is heavily academic, consisting of 5 universities and 2 research institutes, with only 1 industry partner and 2 SMEs. This 11% industry ratio indicates the project is primarily focused on theoretical development and policy research rather than immediate commercial productization, though it maintains a global reach across 8 countries including China and the UK.
Contact Universiteit Leiden for details on the WISE accounting system.
Contact us to find out how to integrate these new sustainability metrics into your ESG reporting.
