Life begins when you stop paying for it. — Anonymous
Anielski Management Inc., is a family-owned corporation which operates on the principles of integrity, wisdom and practical solutions for measuring and what matters most to the well-being of communities, families and organizations. Contact me anytime mark(at)anielski.com
What is Genuine Wealth?
In this interview with economist and film-maker John Cooksey, Mark Anielski explains the concept of Genuine Wealth and why it is critical to begin to measure what makes life worth living in our personal lives, businesses and communities.
Flourishing genuine wealth.
We provide communities, businesses, governments and other organizations with practical tools and processes for assessing, building and sustaining their genuine wealth – the human, social, natural, built and financial capital assets that contribute to well-being, sustainability and ultimately happiness.
- We believe in reclaiming the life we have lost in living, the wisdom we have lost in knowledge and the knowledge that we have lost in information.
- We believe that a sustainable enterprise is one which is flourishing, enduring, sustainable, and where there is a strong sense of belonging.
- We believe that sustainability is achieved when financial, social and environmental performance objectives are balanced and continually rebalanced.
- We believe in working in close relationship with our clients, as strategic counsel, mentor, coach and intuitive guide.
- We believe in a combining common-sense, intuition, inspiration and practicality in every thing we do as a business enterprise.
- We believe that you and your organization understand your genuine wealth and core assets and that we help you celebrate and strengthen these assets on your journey to sustainability.
- We believe in sharing and reciprocating the fruits of our success, our knowledge and wisdom with others in our community and in communities around the world who are dedicated to building genuine wealth.
We are a family-owned, Alberta-based consultancy providing strategic counsel and analysis to communities and organizations who are interested in measuring their quality of life, well-being and sustainability. We use the Genuine Wealth (well-being) model developed by Mark Anielski to assess the overall economic, social, health and environmental well-being of communities. We believe that a sustainable and flourishing community or enterprise must have a clear grasp of its values and a comprehensive accounting of its key genuine wealth; the conditions of well-being which makes life worthwhile. We believe healthy communities have a strong sense of trust and belonging (social capital), have healthy and vibrant dialogue, are diverse in human capital (skills, capacities and creativity) and live with a genuine appreciation for the value of nature.
Our advisory services to business, government, and not-for-profit clients:
- Genuine Wealth Assessment (GWA) — a values-based, integrated total wealth accounting and performance management system is a practical tool for assessing the well-being and sustainability of communities and organizations. The GW model uses a five capitals integrated accounting model where human, social, natural, built and financial/economic capital are seen as complimentary. GWA uses statistical and perceptional indicators of well-being along with full cost-benefit accounting methods to assess sustainability and optimum returns to the real wealth of communities. Clients have included the City of Leduc, the Chinese Government through the China Council for International Cooperation on Environment and Development, the City of Santa Monica (CA), Alberta Environment, the Canadian Centre fore Substance Abuse, Nunavut Tunngavik Inc. (Iqauluit), and the Ktunaxa- Kinbasket Tribal Council.
- Well-being Return on Investment 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. This is based on evaluating the ‘well-being’ returns and impacts to the five capital assets of any organization or community: human, social, natural, built and financial assets or capital. 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 ‘genuine wealth’ (the 30 classes of assets in the Genuine Wealth model). My clients have included Ducks Unlimited, the BC Construction Association, the Alberta Government, the City of Edmonton, the City of Leduc (Alberta), the Town of Olds (Alberta), the Department of Finance (Netherlands), 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 weflare, 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. My 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 Tunngavit 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 techiques developed by the EFA architects, Mathis Wackernagel and William Rees. Clients have included the Federation of Canadian Municpalities and the City of Calgary.
- Sustainability Indicators, Comunity 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, agriculutural 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 susiainable society. Mark has completed projects for Ducks Unlimited, Nature Conservancy of Canada, the World Bank, Canadian Boreal Initiative, the Pembina Institute, Statistics Canada, the National Round Table on the Environment and the Economy, Environment Canada, Alberta Environment, the Philippine Natoinal 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.
- Sustainable strategic-business planning – with years of experience in the development of strategic-busienss 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 (or sustainability and social) reporting, and committed to building vibrant local, living, and sustainable economies . Mark has provided strategic counsel to companies like Suncor Energy, EPCOR, ATCO and VanCity, organizations such as the Columbia Basin Trust, as well as local small to medium sized enterpresie 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.
- Circle Group dialogue and workshop facilitation — I am a strong advocate for circle group dialogue as a means of engaging communities of interest in understanding the community assets that make for flourishing communities. I have adopted circle dialogue processes in my work in conducting a ‘well-being asset inventory’ and exploring the needs, gifts and aspirations of individuals living in communities. I work with some of the world’s leading circle dialogue experts including Kay Pranis based in Minneapolis-St. Paul.