Did You Know? Natural capital accounts for 36% of total wealth in developing countries.
Going #BeyondGDP: Fourth WAVES Partnership Meeting
May 14-15, 2014Washington, D.C. & Online

Join online or in person for a World Bank Live event and a series of high-level discussions on how countries are moving beyond GDP toward valuing their natural capital and making it count for development. Follow #BeyondGDP on Twitter.


Going #BeyondGDP: Making Natural Capital Count for Development (9–10:30 a.m., Preston Auditorium) 

GDP looks at only one part of economic performance: income, and says nothing about the assets that generate this income. But "natural capital" like forests, wetlands and agricultural land also contribute to a country’s economic health. Learn how countries are valuing their natural capital and making better-informed decisions for development. Join the conversation on Twitter with #BeyondGDP and #wblive

Speakers: Juergen Voegele (Director, World Bank), Dora Marina Coc (Planning and Programming of the Presidency, Guatemala), Emmanuel F. Esguerra (National Economic and Development Authority, the Philippines), Glenn-Marie Lange (Program Manager, WAVES, World Bank), Russ Mittermeier (President, Conservation International) and Sunita Narain (Centre for Science and Environment, India)


1. From the Fields: Natural Capital Accounting Around the World (10:45 a.m.–12:30 p.m., May 14 | Preston Auditorium) 
Botswana, Colombia, Costa Rica, Guatemala, Indonesia, Madagascar, Philippines, and Rwanda are working with the Global Partnership on Wealth Accounting and the Valuation of Ecosystem Services (WAVES) to build natural capital accounts (NCA). Hear some triumphs, pitfalls and challenges along their journey.

Speakers: WAVES country participants

2. The Role of Private Sector in Natural Capital Accounting (1–2 p.m., May 14 | Preston Auditorium)
Resource scarcity is driving the private sector to think about natural capital’s role in their business. Hear from business leaders who are applying natural capital valuation in decision-making. The session also explored the Natural Capital Coalition’s work with corporations to re-think their approach to natural resources. 

Speakers: Amy O’Meara (Corporate Eco Forum), Beth Uhlhorn (The Dow Chemical Company), Dr. Dorothy Maxwell (Natural Capital Coalition), Gabriela Burian (Monsanto), Helen Dunn (Natural Capital Coalition), John Kellenberg (Sustainable Business Advisory, IFC) and Patrick Doyle (IDB) 

3. How Can NCA Contribute to Aichi Biodiversity Targets? (1–2 p.m., May 14 | MC2-800)
Panelists representing International Organizations and NGOs presented on how Natural Capital Accounting can support the objectives of the Convention for Biological Diversity (CBD) and its Aichi targets. While NCA is not limited to biodiversity, much of what it does contributes to the three goals of CBD: conservation, sustainable use and the equitable sharing of benefits. 

Speakers: George Bouma (UNDP), Steve Stone (UNEP) and Valerie Hickey (World Bank)

4. How Can International Organizations Help Countries Go #BeyondGDP? (12:45–1:45 p.m., May 15 | MC2-800)
Several international initiatives are assisting governments on using NCA for policy and development decision making. Representatives from the different initiatives helped audiences better understand the focus and comparative advantages of their programs. There was also a discussion on how to build synergy in countries to increase their impact.

Speakers: Alessandra Alfieri (UNSTAT), George Bouma (UNDP), John Matuszak (World Bank), Pushpam Kumar (UNEP) and Steve Stone (UNEP)

  • When: May 14-15, 2014
  • Where: World Bank Headquarters, 1818 H Street NW, Washington, D.C., United States
  • On Twitter: #BeyondGDP & #WBLive