Sustainable trade
Sustainable Trade Index 2024
Published 08 October 2024
The Hinrich-IMD Sustainable Trade Index (STI) evaluates the ability of 30 global trading economies to engage sustainably in trade using 72 economic, social, and environmental indicators. The 2024 Index emphasizes the need for building resilience in trade, human, and natural resources amid global trade fragmentation and highlights the significant strides some trading nations have made towards sustainable trade while identifying areas where improvement is essential.
About the STI 2024
The STI 2024 recognizes the profound interconnectedness of various global challenges and underscores the importance of building resilience in economic, societal, and environmental capital and resources. As the world grapples with unprecedented disruptions, from geopolitical tensions and economic volatility to climate change and public health crises, the need for a resilient trade system has never been more paramount.
Learn about the STI economic, societal and environmental pillars
By promoting transparent and sustainable trade practices, the index aims to contribute to a more inclusive and resilient global economy. It serves as a valuable tool for policymakers, businesses, and civil society to understand and navigate the complexities of global trade in a rapidly changing world, promoting a collaborative approach to overcoming global trade challenges.
The race for resilience
In an increasingly volatile global trade landscape, economies can stay resilient through economic adaptability, social inclusivity, and environmental sustainability.
Stay tuned for our release of the STI 2024 results on 22 October and the launch webinar on 24 October.
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The Sustainable Trade Index is currently in its sixth edition. Download the earlier editions below:
- New Zealand’s achievement is the result of its robust performance in all pillars, ranking first in the environmental pillar, second in the societal pillar, and eighth in the economic pillar.
- Top-ranking economies in the economic pillar exhibit robust infrastructure and a strong commitment to technological innovation, facilitated and supported by access to adequate financing. Economies where the private sector enjoys ample funding opportunities thrive. Leading the rankings in this pillar are Singapore, South Korea, Hong Kong, the United States, and the United Kingdom.
- In the societal pillar, the STI emphasizes that political stability, higher economic equity, high educational attainment, and social mobility are key to top performance. Notable top performers in this category include Canada, New Zealand, Australia, the United Kingdom, and Japan.
- In the environmental pillar, economies that uphold stringent environmental standards and effectively address critical issues like wastewater management, air pollution control, carbon emissions reduction, and energy efficiency are ranked at the top. Exemplary in this domain are New Zealand, the United Kingdom, Mexico, the Philippines, and Singapore.
The Three Pillars of Sustainability
Economic pillar
Societal pillar
Environmental pillar
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