SDG 5 and Doughnut economics: Difference between pages

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''Sustainability - United Nations - Sustainable Development Goals.''
Economics - sustainability - climate change - environmental concerns


Abbreviation for the UN's Sustainable Development Goal 5,


"Achieve gender equality and empower all women and girls".
'''Author: [https://www.linkedin.com/in/chadofficial/ Charitarth Sindhu], Environmental Sustainability & ESG Consultant'''
 
Doughnut economics suggests a shift in traditional economic paradigms to tackle issues including climate change, global poverty and environmental decline.
 
 
==Visualize a doughnut==
 
The inner circle of the doughnut symbolizes the fundamental societal necessities identified in the United Nations Sustainable Development Goals (SDGs), including nourishment, clean water, healthcare, education, and other essentials.
 
The doughnut economics framework advocates for resource allocation in a manner that ensures everyone maintains a standard of living above this threshold, safeguarding against deprivation.
 
 
On the furthest outer rim of the doughnut lies an ecological boundary that humanity must respect to prevent further environmental deterioration.
 
Crossing this threshold through excessive resource exploitation leads to adverse effects including climate change, loss of biodiversity, ocean degradation, and pollution.
 
Maintaining a sustainable balance beneath this limit is crucial to safeguarding the Earth's ecosystems.
 
 
Between the two rings lies 'the safe and equitable zone for humanity,' where the economy can operate without compromising essential needs, nor exceeding ecological limits.
 
 
==Principles guiding Doughnut Economics==
 
*'''Beyond GDP''': This model advocates for alternative measures to Gross Domestic Product (GDP), emphasizing indicators that offer a more comprehensive understanding of human and ecological well-being, such as the Genuine Progress Indicator (GPI) which measures the quantity and distribution of net benefits of the embedded economic system on the larger social and environmental systems.
 
*'''Regenerative and Distributive Design''': promoting economic models that prioritize environmental restoration and equitable resource distribution over perpetual growth. This entails transitioning to circular economies that minimize waste, prioritize renewable resources, and ensure fair wealth and resource distribution.
 
*'''Systems Thinking''': acknowledging the interconnectedness of social, economic, and environmental systems, doughnut economics urges policymakers to consider complex feedback loops and dynamics when designing interventions, targeting root causes rather than symptoms.
 
*'''Localism and Community Resilience''': encouraging decentralized decision-making and local production and consumption to reduce reliance on global supply chains and facilitate their decarbonization.
 
-
 
Coined by economist Kate Raworth of the Universities of Oxford, Cambridge and Amsterdam in 2012, the doughnut economics concept has gained significant attention from international bodies including the United Nations.




== See also ==
== See also ==
* [[Equality]]
* [[Business & Sustainable Development Commission]]
*[[Equitable]]
* [[Cambridge Institute for Sustainability Leadership]] (CISL)
*[[Equity]]
* [[Climate benchmark]]
* [[Inclusion]]
* [[Climate change]]
* [[SDG 1]]
* [[Corporate social responsibility]]
* [[SDG 2]]
* [[Corporate Sustainability Assessment]]
* [[SDG 3]]
* [[Corporate Sustainability Reporting Directive]] (CSRD)
* [[SDG 4]] -  inclusive & equitable quality education & lifelong learning opportunities for all
* [[Degradation]]
* [[SDG 6]]
* [[Economics]]
* [[SDG 7]]
* [[ESG investment]]
* [[SDG 8]]
* [[EU Platform on Sustainable Finance]]
* [[SDG 9]]
* [[Global Sustainability Standards Board]]
* [[SDG 10]]
* [[Global Sustainable Finance Council]]
* [[SDG 11]]
* [[Global Sustainable Investment Alliance]]
* [[SDG 12]]
* [[Green finance]]
* [[SDG 13]]
* [[International Platform on Sustainable Finance]]
* [[SDG 14]]
* [[International Institute for Sustainable Development]]
* [[SDG 15]]
* [[International Sustainability Standards Board]]
* [[SDG 16]]
* [[Liquidity and Sustainability Facility]] (LSF)
* [[SDG 17]]
* [[Natural capital]]
* [[Sustainability]]
* [[Organic]]
* [[Sustainability Accounting Standards Board]]
* [[Principles for Sustainable Insurance]]
* [[Sustainable Development Goals]]
* [[Reputational risk]]
* [[Return on Sustainability Investment]]
* [[Risk management]]
* [[Stakeholder]]
* [[Stewardship]]
* [[Sustainability ]]
* [[Sustainability Accounting Standards]]
* [[Sustainability Accounting Standards Board]]  (SASB)
* [[Sustainability bond]]
* [[Sustainability bond framework]]
* [[Sustainability Bond Guidelines]]
* [[Sustainability breach]]
* [[Sustainability Disclosure Requirements]] (SDR)
* [[Sustainability-linked bond]]
* [[Sustainability linked bond framework]]
* [[Sustainability-Linked Bond Principles]]
* [[Sustainability linked financing]]
* [[Sustainability linked loan]]
* [[Sustainability-Linked Loan Principles]]
* [[Sustainability performance target]]
* [[Sustainability provision]]
* [[Sustainability reporting]]
* [[Sustainability themed investing]]
* [[Sustainable bond]]
* [[Sustainable Bond Market]]
* [[Sustainable debt]]
* [[Sustainable Development Goals]]  (SDGs)
* [[Sustainable ]]
* [[Sustainable finance]]
* [[Sustainable Finance Disclosure Regulation]] (SFDR)
* [[Sustainable Finance Working Group]]
* [[Sustainable infrastructure]]
* [[Sustainable Infrastructure Foundation]]
* [[Sustainable investment]]
* [[Sustainable loan]]
* [[Threshold]]
* [[Triple bottom line]]
* [[UK Sustainable Investment and Finance Association]]
* [[United Nations]]
* [[United Nations]]
* [[United Nations Department of Economic and Social Affairs]]
* [[United Nations Global Compact]]
* [[World Business Council for Sustainable Development]]
* [[World Business Council for Sustainable Development]]




==External link==
==Other resources==
*[https://sdgs.un.org/goals/goal5 United Nations Sustainable Development Goal 5]
 
*[https://doughnuteconomics.org/about The Doughnut Economics Action Lab (DEAL) - about us]
*[https://www.kateraworth.com/doughnut/ The Doughnut of social and planetary boundaries - Kate Raworth]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:Identify_and_assess_risks]]
[[Category:Risk_frameworks]]
[[Category:The_business_context]]
[[Category:The_business_context]]

Revision as of 21:59, 10 February 2024

Economics - sustainability - climate change - environmental concerns


Author: Charitarth Sindhu, Environmental Sustainability & ESG Consultant

Doughnut economics suggests a shift in traditional economic paradigms to tackle issues including climate change, global poverty and environmental decline.


Visualize a doughnut

The inner circle of the doughnut symbolizes the fundamental societal necessities identified in the United Nations Sustainable Development Goals (SDGs), including nourishment, clean water, healthcare, education, and other essentials.

The doughnut economics framework advocates for resource allocation in a manner that ensures everyone maintains a standard of living above this threshold, safeguarding against deprivation.


On the furthest outer rim of the doughnut lies an ecological boundary that humanity must respect to prevent further environmental deterioration.

Crossing this threshold through excessive resource exploitation leads to adverse effects including climate change, loss of biodiversity, ocean degradation, and pollution.

Maintaining a sustainable balance beneath this limit is crucial to safeguarding the Earth's ecosystems.


Between the two rings lies 'the safe and equitable zone for humanity,' where the economy can operate without compromising essential needs, nor exceeding ecological limits.


Principles guiding Doughnut Economics

  • Beyond GDP: This model advocates for alternative measures to Gross Domestic Product (GDP), emphasizing indicators that offer a more comprehensive understanding of human and ecological well-being, such as the Genuine Progress Indicator (GPI) which measures the quantity and distribution of net benefits of the embedded economic system on the larger social and environmental systems.
  • Regenerative and Distributive Design: promoting economic models that prioritize environmental restoration and equitable resource distribution over perpetual growth. This entails transitioning to circular economies that minimize waste, prioritize renewable resources, and ensure fair wealth and resource distribution.
  • Systems Thinking: acknowledging the interconnectedness of social, economic, and environmental systems, doughnut economics urges policymakers to consider complex feedback loops and dynamics when designing interventions, targeting root causes rather than symptoms.
  • Localism and Community Resilience: encouraging decentralized decision-making and local production and consumption to reduce reliance on global supply chains and facilitate their decarbonization.

-

Coined by economist Kate Raworth of the Universities of Oxford, Cambridge and Amsterdam in 2012, the doughnut economics concept has gained significant attention from international bodies including the United Nations.


See also


Other resources

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