Tools: Five Capitals
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The document discusses sustainability and sustainable development. It provides definitions from UN reports that sustainable development meets present needs without compromising future generations' ability to meet their own needs. It also notes that if everyone lived like people in high-income countries, we would need 2.6 planets. The document considers sustainability in terms of the economy relative to ecology, equitable resource distribution between present and future generations, and efficient resource utilization. It notes critiques of unsustainable business practices and the need for more holistic and systemic perspectives that consider natural models of business and growth.
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Tools: Five Capitals
- 1. Tools of the trade Five capitals
- 2. Sustainable development is… “Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs” UN report 1987 Brundtland Report “If everyone in the world were to live like an average person in the high-income countries, we would need 2.6 additional planets to support us all.” UN report 2007
- 3. Sustainability is... Most definitions of sustainable development consider: The scale of the economy relative to its ecological life-support system Equitable distribution of resources Opportunities between present and future generations Efficient utilisation and replacement of resources that adequately accounts for the planet (Constanza & Patten, 1995)
- 4. Sustainability is not... Some critiques of unsustainable business: Dominated by a focus on short term financial growth and the efficient use of $$$ capital Limited to a small part of production with no consideration for source or disposal Fixated on getting consumers to buy more, different or better products
- 5. Different perspectives are needed... Realisation that everything is systemically interconnected Expansion of thinking beyond traditional silos and boundaries Consideration of natural models of business and growth
- 6. More info @ go.bath.ac.uk/loopy Realisation that Eco-logy > Eco-mony Ecology Society Economy After: Capra (2007) and Constanza et al (1997)
- 7. Resources used Money, jobs, and exchanges More complex view of activities
- 8. Consideration Resources used Financial Money, jobs, and exchanges Physical Transport, shelter, energy Social Security, governance, regional relationships Human Labour force, population health, communications, and skills Natural Wood, building materials, minerals, water, and food More complex view of activities
- 9. Consideration Capital source Resources used Financial Local businesses, economy, and market places Money, jobs, and exchanges Physical Infrastructure, Power production, buildings, networks Transport, shelter, energy Social Governance structures and processes Security, governance, regional relationships Human Education, children Labour force, population health, communications, and skills Natural Rivers, forests, soils, climate Wood, building materials, minerals, water, and food After: Bebbington, A. (1999), DFIF Sustainable Livelihoods Guidance Sheets (April 1999) More complex view of activities