Nelson Tasman GPI accounting: urgent need for wellbeing accounting tools

This model building activity responds to an urgent need that currently exists for the creation of accounting tools that can be used to make more publicly visible the ecological, social and financial costsassociated with our modern, market economic, growth oriented way of life. Without accounting information of this kind it will be very difficult to manage our communities toward long term economic, ecological, cultural and social wellbeing outcomes. As any good business accountant knows, sound financial records (i.e. book keeping), the creation of regular statements of financial performance (i.e. accounting) and the regular verification of financial records (i.e. auditing) form an essential basis for profitablebusiness management and decision-making. By comparison, the development of our communities towards socially fair, ecologically sustainable, economically sound and culturally diverse futures is a more complex management problem. Thus, an urgent need exists for the creation of new accounting methods and tools for use in this area. The research on which this report is based has attempted to respond to this urgent need.

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