About:

Founded by John C. O’Connor, OconEco is the direct result of a thirty year career creating and executing decision support systems for the IMF and World Bank at the senior management level. While Senior Advisor in the World Bank’s Environmental Department, his extensive economic background led him to conclude that the Bank’s performance should be judged by its role in promoting the wealth of nations. “Wealth” is broadly defined to include environmental and social factors as well as confidential economic assets and liabilities. As a result, the World Bank published a report on this subject matter, Monitoring Environmental Progress (MEP), in 1995.

The Financial Times described the MEP’s purpose as, “to put flesh on the notoriously hazy concept of ‘sustainable development” while the New York Times wrote, “[it] is already being hailed as a model that could help to refocus development strategies.” This pioneering work, while still under discussion, is mainly of interest because it continues as the World Bank’s Millennium Capital Assessment and in recent framework for national sustainability indicators in advanced countries.

Why OconEco?

OconEco’s mission is to help corporations analyze their wealth according to the aforementioned broader definition, such that they can sustain their activities for decades or centuries by producing more value than they consume. Our tools-based service bridges the gap between financial and non-financial indicators of sustainability at the business level, much as MEP did at the national level. As it took more than a decade for his wealth model to appear in the work of national accountants, O’Connor expects it will take until 2020 for his business wealth model to appear in Generally Accepted Accounting Practices (GAAP). Until then, OconEco’s business wealth model functions through “satellite” accounts, which utilize a materiality filter revolving around a “core” of financial accounts, so business clients may select specific sustainability indicators relevant to their interests.

OconEco seeks to provide adaptive structures that promote commitment to social values while continually focusing on delivering financial value. We see the incorporation of social and environmental responsibility as a means of enhancing economic value due to an increased level of sustainability, as well as, marketability in the eyes of consumers. We offer more than a simple consultancy. OconEco will help you discover and improve the comprehensive wealth of your business through personal and customizable methodology

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