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Sustainability index that looks beyond GDP launched

Date:
June 17, 2012
Source:
International Human Dimensions Programme
Summary:
The world's fixation on economic growth ignores a rapid and largely irreversible depletion of natural resources that will seriously harm future generations, according to a report which unveils a new indicator aimed at encouraging sustainability -- the Inclusive Wealth Index (IWI). The IWI looks beyond the traditional economic and development yardsticks of GDP and HDI to include a full range of assets such as manufactured, human and natural capital.

The International Human Dimensions Programme on Global Environmental Change (IHDP) is proud to announce the launch of the Inclusive Wealth Report 2012 (IWR 2012), a new report that measures the wealth of nations, at the Rio+20 Summit on June 17.

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The report presents a new economic index, which looks beyond the traditional short term economic and development yardsticks of gross domestic product (GDP) and the Human Development Index (HDI). The Inclusive Wealth Index (IWI) assesses changes in a country's productive base, including produced, human, and natural capital over time. By taking a more holistic approach, the IWI shows governments the true state of their nation's wealth and the sustainability of its growth.

Twenty countries were assessed in the IWR 2012 over a period of 19 years (1990-2008). Together they represent more than half of the world population and almost three quarters of world GDP and include high, middle, and low-income economies on all continents.

This is the first of a series of reports that will be published every two years to monitor the well-being and sustainability of countries.

The full report is publicly available for download. Free digital copies can also be ordered by leaving your business card at the UNU booth at the Rio+20 conference.

A Summary for Decision-Makers of the IWR 2012 is also available, print copies of which can be picked up at the UNU booth as well. To obtain the digital copy or sign up to order a print copy, please refer to the Inclusive Wealth Report pages of this website.

The IWR 2012 is a joint initiative of the International Human Dimensions Programme on Global Environmental Change (UNU-IHDP) hosted by the United Nations University and the United Nations Environment Programme (UNEP), in collaboration with the UN-Water Decade Programme on Capacity Development (UNW-DPC) and the Natural Capital Project.

http://www.ihdp.unu.edu/file/download/9927.pdf


Story Source:

The above story is based on materials provided by International Human Dimensions Programme. Note: Materials may be edited for content and length.


Cite This Page:

International Human Dimensions Programme. "Sustainability index that looks beyond GDP launched." ScienceDaily. ScienceDaily, 17 June 2012. <www.sciencedaily.com/releases/2012/06/120617142546.htm>.
International Human Dimensions Programme. (2012, June 17). Sustainability index that looks beyond GDP launched. ScienceDaily. Retrieved November 23, 2014 from www.sciencedaily.com/releases/2012/06/120617142546.htm
International Human Dimensions Programme. "Sustainability index that looks beyond GDP launched." ScienceDaily. www.sciencedaily.com/releases/2012/06/120617142546.htm (accessed November 23, 2014).

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