A new report by the Ellen MacArthur Foundation and the United Nations Conference for Trade Development (UNCTAD) has found that adopting circular economic principles would put India on a path to positive regenerative and value-creating development with annual benefits of US $624 billion in 2050 compared with the current development — equivalent to 30% of India’s current GDP.
“Traditionally, the Indian economy has been one where reusing, re-purposing and recycling has been second nature. In a world that is increasingly running out of natural resources, this thinking is an asset that must be leveraged by businesses, policymakers and citizens in an organized manner and expanded to include other elements to make the economy truly circular,” says Shankar Venkateswaran, chief of Tata Sustainability Group.
As a result of unprecedented economic dynamism and a rapidly expanding population, India — which is slated to become the fourth-largest economy in the world if current economic growth trends continue — faces significant questions about urbanization, resource scarcity and high levels of poverty, and will be required to make profound choices regarding the path to future development.
The emerging powerhouse market could embark upon an industrialization path comparable to that of mature markets — albeit faster — complete with all of the associated negative externalities it entails. But this scenario is not inevitable. With its young population and emerging manufacturing sector, the country is well positioned to make systematic choices that would put it on a trajectory towards positive, regenerative and value-creating development.
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A new type of solar panel turns moisture in the air into clean drinking water. A single solar panel can produce enough clean water for a family of four.
“We started this company to provide water to everyone, everywhere,” says Cody Friesen, CEO of startup Zero Mass Water.
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A new study by the International Renewable Energy Agency (IRENA) describes the role renewable energy can have in elevating the livelihoods of the millions of rural poor, specifically in terms of the impact it can have on the billions of people employed in the agri-food chain. In the study, the agency uses data from the Solar Electric Light Fund (SELF), a SEMBA Advisory Board member.
SELF has pioneered the use of solar power for a wide range of applications including household lighting, water pumping, school electrification, drip irrigation and wireless Internet access.
Off-grid renewables can support productive activity at all stages of the agri-food chain, from irrigation to support food production, through post-harvest processes, including agro-processing and food preservation for storage and transport. Modern renewable technologies also allow sustainable food preparation and cooking.
EDITOR’S NOTE: This article was previously published on Impakter.com. It was written by Jason Wiff, a member of the SEMBA Class of 2017
With the introduction of the United Nation’s Sustainable Development Goals, we are faced with the challenge of implementing these goals into the way we live, impact communities and use business as a catalyst for change. Stuart Hart, one of the world’s leading experts of sustainable enterprise explains his framework for making these changes a reality. This interview has been edited for clarity. Highlights of our conversation are below.
What is your definition of business sustainability?
Stuart Hart: There can be sustainability at many levels. Business sustainability provides functionality that make[s] people’s lives better in ways that are inherently cleaner or regenerative. You’re able to serve and uplift many people in the world, not just a few. Business sustainability has two components: environmental sustainability, social sustainability and financially to propel business forward.
Continue reading “Challenging Business to Connect to Sustainable Development Goals”