Focus on ESG Risk Brings Awareness to Humanity-Based Measurement Tools

One of the best ways to look for emerging key trends in supply markets is to monitor new indices that are being launched. In 2022, increased activity (no surprise here) has been on ESG, especially around the “E” or environmental component. For many years, non-profit organizations and research institutions have been publishing country-specific measurement tools spotlighting the “S” (societal) component and now awareness of the more humanity-based subset of “S,” such as hunger and poverty, is increasing in the worlds of corporate/supply chain and financial services.

Here is a sampling of measurement resources covering humanity-related risks, issues, and concerns (country specific):

Global Hunger Index (GHI) – Jointly published by Concern Worldwide and Welthungerhilfe, designed to comprehensively measure and track hunger at the global, regional, and country levels.

Global Multidimensional Poverty Index – Identifies a series of ‘deprivation bundles’ — recurring patterns of poverty — that commonly impact those who live in multidimensional poverty across the world, by UN Development Programme.

Human Development Index (HDI) – Also by UN Development Programme, this index is created to emphasize that people and their capabilities should be the ultimate criteria for assessing the development of a country, not economic growth alone.

Global Food Security Index – Explores challenges and developing solutions for food security across 113 countries, by Economic Impact and Corteva.

Vision of Humanity Global Peace Index and Global Terrorism Index – Produced by the Institute for Economics and Peace, the Global Peace Index measures global peacefulness and the Global Terrorism Index is a study analyzing the impact of terrorism for 163 countries covering 99.7 per cent of the world’s population.

Good Country Index – Measures what each country contributes to the common good of humanity, and what it takes away, relative to its size.

Social Progress Index – Captures whether societies are free, inclusive and protect the rights of individuals and minority groups; captures outcomes related to all 17 Sustainable Development Goals.

Health Inclusivity Index – Health inclusivity is a measure of whether national policies, systems and cultures give everyone in society the opportunity to optimize their health, by Economist Impact and Haleon.

Image by Nabeel Ahmed from Pixabay.

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