DRIVING SUSTAINABLE
CHANGE TOGETHER

Sign In Join

Home | News | Article

Products of change. News

Govt report puts nature at the heart of economics

Wed 03 Feb 2021 | 12:16 pm GMT
Michelle Urquhart | Products of Change Writer

Facebook
Twitter
LinkedIn
Share

The Dasgupta Review puts biodiversity at its core. Image by Greg Krycinski from Pixabay

A fundamental change in how we think about and approach economics is needed if we are to reverse biodiversity loss says the Dasgupta Review, an independent report commissioned by HM Treasury. Professor Sir Partha Dasgupta’s review presents the first comprehensive economic framework of its kind for biodiversity. It calls for urgent and transformative change in how we think, act and measure economic success to protect and enhance our prosperity and the natural world. The Review argues that nature is our most precious asset and that significant declines in biodiversity are undermining the productivity, resilience and adaptability of nature. This in turn has put our economies, livelihoods and well-being at risk. The Review finds that humanity has collectively mis-managed its global portfolio of assets, meaning the demands on nature far exceed its capacity to supply the goods and services we all rely on. Professor Dasgupta said: “Truly sustainable economic growth and development means recognising that our long-term prosperity relies on rebalancing our demand of nature’s goods and services with its capacity to supply them. It also means accounting fully for the impact of our interactions with nature across all levels of society. COVID-19 has shown us what can happen when we don’t do this. Nature is our home. Good economics demands we manage it better.” The Dasgupta Review at last puts biodiversity at its core and provides the compass that we urgently need. Sir David Attenborough welcomed the report and said: “The survival of the natural world depends on maintaining its complexity, its biodiversity. Putting things right requires a universal understanding of how these complex systems work. That applies to economics too. This comprehensive and immensely important report shows us how by bringing economics and ecology face to face, we can help to save the natural world and in doing so save ourselves.” Download the Dasgupta Review here Image by Greg Krycinski from Pixabay
related articles
Building guidelines for brand owners

The Products of Change community is creating a set of guidelines for the global brand and licensing industry to enable sustainable transformation across multiple categories across the next 5 years.

Read More

Wed 14 Apr 2021 | 03:23 pm GMT

RESEARCH
Harness digital tech to achieve net zero

A new report by the Royal Society says digital technology could deliver nearly one third of the carbon emission reductions required by 2030

Read More

Thu 03 Dec 2020 | 02:57 pm GMT

RESEARCH
Have your say in The Insights Family Industry Voice Survey

The Insights Family, has launched its annual Industry Voice Survey to identify the perceptions of the industry, how it is evolving, and the biggest challenges and opportunities it faces.

Read More

Thu 10 Feb 2022 | 03:35 pm GMT

RESEARCH
Green Software Foundation launched

Accenture, GitHub, Microsoft and ThoughtWorks launch the Green Software Foundation with the Linux Foundation to put sustainability at the core of software engineering.

Read More

Thu 27 May 2021 | 07:24 am GMT

RESEARCH
Most read stories
Tune into the research | Gary Pope to deliver discussion on children, parents, and sustainability

Products of Change's children's market ambassador, Gary Pope will be delivering a platform exclusive discussion on his research into kids and parents' relationship with sustainability on 20th January.

Read More

Thu 13 Jan 2022 | 09:49 am GMT

RESEARCH
Salomon to make shoes in France

Relocating manufacturing from Asia will shorten reaction times, reduce carbon footprint and create new jobs in France.

Read More

Thu 28 Jan 2021 | 04:54 pm GMT

FASHION
Bike Club brings circularity to children's sector through retail partnership

The kids' bike subscription service, Bike Club has extended its partnership with John Lewis to make cycling more accessible, affordable, and sustainable for families.

Read More

Thu 05 May 2022 | 12:47 pm GMT

RETAIL
Piping Hot named in inaugural Sustainability Leaders List for 2022 by the Australian Financial Review

The surfwear and material innovation company is riding the waves of scalable sustainability as it eyes new moves into new territories with its promise of affordability.

Read More

Tue 19 Jul 2022 | 11:15 am GMT

FASHION
Young designers changing the world

Environmental charity, Hubbub has announced the winners of its 2021 sustainable design competition for students, Design by Nature.

Read More

Wed 28 Jul 2021 | 07:58 am GMT

DESIGN
Speaking of SILC | Flowhaven and The Carbon Farm explore the role of tech in driving sustainability

Technology and business are and will remain the pioneering entities at the front of the move towards regenerative practices, provided – of course – that we know how best to…

Read More

Sun 22 May 2022 | 03:56 pm GMT

NETWORKING
UK households throw away almost 100bn pieces of plastic a year, finds Greenpeace survey

The Big Plastic Count, one of the largest voluntary research projects into the scale of plastic waste in the UK, finds that only 12 per cent is likely to be…

Read More

Tue 12 Jul 2022 | 12:37 pm GMT

PLASTICS
Play on Repeat | The TIE talks the toy industry's lean into circularity

As demand continues to grow, experts at Toy Industries of Europe expect to see businesses shift to a ‘more circular approach’ at a faster rate in the coming years.

Read More

Tue 05 Jul 2022 | 12:00 pm GMT

TOYS