Global Goals That Work
Over the last decade, there has been a proliferation of sustainability indexes and frameworks. This report attempts to bring greater alignment between actors and better ways to measure progress using our planet's health and people's well-being as the yardstick, rather than Gross Domestic Product (GDP) or profit alone. Read the report to learn how sustainability is measured at government, business, and societal levels, and how it can be aligned to the triple bottom line (people, planet, profit) and the SDGs.
From 2030
The Risk
Floods in Thailand:
The Reality of Systemic Risk
In 2011 Thailand experienced its worst floods for five decades. More than 800 people died and over 5 million people were impacted.
10,000 factories closed and 350,000 workers were made redundant. Damage to physical assets cost $21bn, with a further $26.5bn in lost economic opportunities. Insurers and reinsurers paid out $12bn – 70 per cent of which was written outside Thailand, including $2.2bn by Lloyd's of London. As a global supplier of consumer electronics, textiles, and automotive industries, the damage spread beyond Thailand's shores. Honda had to halt production of its Brio subcompact and halve its production as far afield as Swindon, UK, as electronic car components were not available. Thailand is one of the world's leading manufacturers of hard disk drives (HDDs).
In the six weeks after the floods, the price of these doubled: Intel lost $1bn of revenues, and the set-top box manufacturer Pace issued profit warnings.