For a week, GIST Advisory Headquarters in Mumbai turned into an authentic “Human Capital” factory! GIST & GIST Advisory Annual Training Course aims at building up the skills and knowledge of employees and participants from around the world in the field of sustainable development through holistic valuation and cost accounting approaches. This year’s programme benefited from the participation of Ms. Frineia Rezende, Sustainability Head, Legado Das Aguas, and Mrs. Renata Soares, CEO, Instituto Akatu, two Brazilian NGOs respectively dedicated to the conservation of the natural reserve Legado Das Aguas, near São Paolo, and to enhancing sustainable consumption in Brazil. Both Ms. Rezende and Mrs. Soares added valuable insights into the stakes and challenges faced by Brazil with regard to sustainable development.

 

Learning sessions and workshops were led by Mr. Pavan Sukhdev, CEO, GIST Advisory, Founding Trustee, GIST, and UNEP Goodwill Ambassador, Mr. Nachiketa Das, Head of Research, GIST Advisory, and Mr. Anupam Ravi, Manager - Natural Capital Services, GIST Advisory. Mrs. Kate Raworth, renegade economist, Senior Visiting Research Associate, Oxford University’s Environmental Change Institute, and author of the internationally acclaimed Doughnut Economics theory, was this year’s Guest Lecturer.

 

After introducing the group to GIST & GIST Advisory policy and work, the principles of the Green Economy, Inclusive Wealth, and The Economics of Ecosystems and Biodiversity (TEEB), the sessions focused on and dug into essential components of true cost accounting, such as Integrated Profit and Loss (IP&L), Sustainable Development Goals (SDG) Scan, and the valuation of Natural Capital Externalities (NCX), Social Capital Externalities (SCX), and Human Capital Externalities (HCX). Read more...