Anielski Management Inc., is an Alberta-based economic consulting and advisory firm that works with individuals, businesses, communities and governments to discover and maximize their wealth and well-being.
Our mission is to enable people, businesses and communities throughout the world to flourish and achieve their highest potential state of well-being. We bring a unique perspective to economics, accountability and finance by examining the well-being impacts of all policies and decisions called Genuine Wealth.
What is Genuine Wealth?
The Genuine Wealth model was developed through the integration of economics, accounting, finance and forest ecology. The Genuine Wealth model and a new economy of well-being is outlined in Mark Anielski’s 2007 award-winning book The Economics of Happiness: Building Genuine Wealth. A Genuine Wealth approach to accountability empowers decision makers to evaluate value for money in terms of well-being impacts and a Well-being ROI (return on investment) of policies, programs and services. The Genuine Wealth model uses an integrated five capital asset (human, social/cultural, natural, built and financial assets) accounting and management system, built on conventional accounting standards and economic models.
We are a unique corporation in that we hold ourselves accountable to serving the well-being best interests of society. Most corporations exist to maximize financial returns to their shareholders. Anielski Management Inc. exists to help contribute to the net well-being of the communities and organizations we advise by ensuring the highest and best use of our community assets.
Our advisory services to business, government, and not-for-profit clients:
- Wealth & Well-being Assessments — a values-based, integrated total wealth accounting and performance management system is a practical tool for assessing the well-being of communities, businesses and non-profit organizations. The Genuine Wealth model uses a five capitals integrated accounting model where human, social, natural, built and financial/economic capital. Clients have included the City of Edmonton, City of Santa Monica, City of Leduc, Tahiti (French Polynesia) the Chinese Government, Alberta Environment, the Canadian Centre fore Substance Abuse, Nunavut Tunngavik Inc. (Iqaluit), and the Ktunaxa- Kinbasket Tribal Council.
- Well-being Return on Investment (Well-being ROI) Analysis– The Genuine Wealth model helps organizations, businesses and communities examine the full well-being impacts (economic/financial, social/community, and environmental) of their programs and services providing you with the ability to demonstrate a Well-being ROI (return on investment) to your stakeholders and funders. WROI analytics builds upon a conventional Cost-Benefit Analysis framework but goes further by taking a total asset management accounting approach in looking at the ‘highest and best-use’ of the various attributes of 30 classes of assets in the Genuine Wealth model. Clients have included Ducks Unlimited Canada, the B.C. Construction Association, the Alberta Government, the City of Edmonton, French Polynesia, the Department of Finance (Netherlands), Vancity and Canadian Ethical Funds of Canada.
- Genuine Progress Indicators for Communities. Based on my work on the US and Alberta GPI models for measuring sustainable economic welfare, GPI accounting for communities allows policy makers to assess the full economic costs and benefits of local governments and polices. This involves examining first the key contributions to an economies GDP and then examining which expenditures and investments in an economy contribute a ‘genuine’ well-being impact and those that may detract from well-being or impose ‘unfunded’ liabilities or risks to future well-being. GPI accounting helps in the budgeting (capital and operating) of organizations who need to understand and demonstrate to citizens and stakeholders the the value (to well-being) from taxes and program/operating expenditures. Clients have included the City of Edmonton and Leduc (Alberta), the Government of French Polynesia (Tahiti), the Alberta Government (Environment, Sustainable Resource Development, Finance), Nunavut Tunngavik Inc., Canadian Centre for Substance Abuse (socio-economic impacts of gambling GPI analysis); Redefining Progress (Oakland, CA), the Pembina Institute, the National Round Table on the Environment and the Economy, Western Economic Diversification, and the Alberta Motor Association.
- Ecological Footprint Analysis (EFA)— is a tool for measuring the sustainability of individual household and community life-styles using standard EFA techniques developed by the EFA architects, Mathis Wackernagel and William Rees. Clients have included the Federation of Canadian Municipalities, City of Edmonton, City of Calgary, City of Leduc, City of Saskatoon, Town of Oakville, and the Town of Olds.
- Community Sustainability and Quality of Life Assessment – using tools like the Genuine Wealth assessment, the EFA, and sustainability indicators, Mark helps communities and organizations assess their quality of life and sustainability. Clients have included the Government of China, City of Leduc, the City of Edmonton, the City of Santa Monica, the City of Calgary, the town of Olds (Alberta), Smart Growth B.C, the Fraser Basin Council, and the Yukon Council on the Economy and the Environment.
- Natural Capital Accounting — Mark Anielski is recognized internationally for his contribution since the early 1990s to the development of natural capital accounting in Alberta and Canada. He has developed practical ways of how to use natural capital accounts for forests, carbon, petroleum resources, agricultural lands, and ecosystem services for assessing the sustainability of a communities natural capital assets and how to modify provincial and national income accounts (from which GDP is derived) for natural capital depreciation. Natural capital accounting includes carbon accounting. Natural and social capital are critical elements of a sustainable society. Mark has completed projects for First Nations, Ducks Unlimited Canada, Nature Conservancy of Canada, the World Bank, the Canadian Boreal Initiative, the Pembina Institute, Statistics Canada, the National Round Table on the Environment and the Economy, Environment Canada, Alberta Environment, the Philippine National Oil Company and Peru’s Department of Energy.
- Happiness economics and social capital accounting Mark’s work also involves the economics of happiness and measuring social capital that includes measuring citizen values, quality of life, happiness, community vibrancy, social networks and a sense of belonging to community. Client have included The City of Leduc, Leduc-Nisku Economic Development Authority, Alberta Parks and Recreation Association, the Edmonton Social Planning Council and the City of Edmonton.
- Strategic-business planning – with years of experience in the development of strategic-business plans in government and educational institutions, Mark Anielski, integrates the benefits of the Genuine Wealth assessment with strategic-business planning processes and protocols for local government decision making. Mark’s clients have included the University of Alberta, the Sustainable Forest Management Network, the City of Edmonton, and the Yukon Department of Economic Development.
- Corporate Sustainability and Triple-bottom-line Reporting– Mark Anielski, as a contributor to the development of the Global Reporting Initiative (GRI) guidelines for corporate sustainability reporting, has provided strategic council to businesses who are leaders in corporate social responsibility, tripel-bottom -line (sustainability) reporting, and committed to building vibrant local, living, and sustainable economies . We have provided strategic counsel to companies like Suncor Energy, EPCOR, and VanCity, organizations such as the Columbia Basin Trust, as well as local small to medium sized enterprise on how to develop fully integrated financial, social, and environmental sustainability performance measurement and reporting systems using the GW, integrated five-capitals model. Anielski believes that the next generation of corporate sustainability and social reports will be based on the values-based GW model.
- Public social and environmental policy societal welfare analysis– Using the GW model and GPI accounting, Mark Anielski has assessed social and environmental public policy issues and programs to help assess their full costs and benefits which contribute to the well-being of society. Clients have include the Alberta Motor Association and Alberta Environment.