No balance sheet – no sustainability

Chris Brown (Olam), Ravi Abeywardana (Olam) and Samuel Vionnet (Valuing Nature) propagate alignment on the value perspective in their article on

Accounting for natural and social capital is not covered by the International Financial Reporting Standards (IFRS) or current non-financial valuation practices.

The authors propose that alignment on the value perspective, scope and “balance sheet” stock accounting will need to happen if the private sector is to operate in a world defined by the Planetary Boundaries, the Sustainable Development Goals and the Paris Climate Agreement.