Economic Imperative

Why the SDGs alone aren’t enough

There is a new metric when it comes to the UN’s Sustainable Development Goals: the ‘spillover effects’ of each country on the world at large. These spillover effects include pollution, financial secrecy, and contribution to peace abroad. Since these effects are accounted for outside of a country’s borders, they are not represented by national statistics. A country might rank very highly when judged only by its own statistics (such as the US and Switzerland), but this is a lopsided view when looked at in a global context.

The Companies Running Circles Around the Traditional Business Model

The Conference Board released a report showing what works and what doesn’t work when it comes to big companies and the circular economy. The traditional linear model of ‘take, make, waste’ results in a huge amount of consumption and waste (85 billion tons of global natural resource use annually as of 2015, a number which is expected to double by 2050). This approach is not sustainable - neither for the companies nor for the planet.

Things are Looking Brighter

India is well on its way to meeting the renewable energy targets set during the Paris Climate agreement. With plummeting wholesale prices of solar power reaching another record low in the country, renewable energy is continuing to undercut fossil-fuel generated power. Cheaper finance and growing investor confidence have resulted in this historic 40% drop in price thereby enhancing India’s renewable energy capacity. Even as the world’s third largest carbon polluter, the country is set to exceed renewable energy targets by 2027.

The Beverage of Happiness

Fast Company recently interviewed the CEO of Illy and learned how the world renowned Italian coffee company does things a little different. While they work with dozens of countries worldwide, they do not work within the standard fair trade system. Instead, they cultivate their own relationships with coffee producers. This ensures superior product, fairness, and better quality of life for those employed by suppliers.

Let's Even It Up

Global wealth has become increasingly concentrated, according to one alarming report released by Oxfam. Published in January 2017, it reveals that just 8 billionaires control the same amount of wealth between them as 50% of the world’s poorest population. Of the $255 trillion total global wealth, more than half of this wealth ($426bn in US dollars) has been in the hands of the richest 1% since 2015.