Scandinavia still tops sustainable competitiveness, China overtakes the US for the first time, Asian nations leading in intellectual capital
Submitted by SolAbility
November 28, 2023 /CSRwire/ - The Global Sustainable Competitiveness Index evaluates the sustainability AND competitiveness of countries based on 190 quantitative performance indicators. First published in 2012, the GSCI serves as inclusive alternative to the GDP, to assess country-specific and issue-specific risks for businesses and investors, and to verify policy progress for countries. The GSCI is now officially used by four governments to benchmark their progress on the path to sustainability & competitiveness. The 190 quantitative indicators are derived from international organisations (World Bank, IMF, various UN Agencies), and are grouped into six dimensions that define the competitiveness of a nation-economy:
All indicators are evaluated as-is and analysed for trends. The outcome is a comprehensive view of strengths and weaknesses for each country, as well as indication of the future direction and potential.
Key take-aways form the Global Sustainable Competitiveness Index 2023 include
For details, download the Global Sustainable Competitiveness Report 2023 and country-level data from the GSCI downloads section.
The highest score in 2023 is 60 (Sweden), the global average is 43.4 out of a possible 100: the World as a whole is far from being truly sustainable competitive. A small majority (52%) of all trends across all countries are showing positive developments, indicating that we can expect small but positive improvements in the future. However, a majority of trends in Natural Capital are deteriorating: unfortunately, we have to expect a further decline in the natural environment.
What is not competitive is not sustainable, and what is not sustainable is not competitive.
Sustainable competitiveness is the ability to generate and sustain inclusive wealth without diminishing the future capability of sustaining or increasing current wealth levels. Read more on the concept of sustainable competitiveness here.
SolAbility is a sustainable management consultancy and sustainability think-tank. SolAbility is the maker of 3 DJSI Suspersector Leaders, and proud publisher of the Global Sustainable Competitiveness Index.
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