If only we could find a way to remove inequality, climate change and human exploitation from our economic system. The "Wellbeing Economy" is the answer.
The benefits of a simple metric are clear; every day employees in our company can tabulate and understand their collective impact towards a variety of social initiatives.
Science has shown that indeed, after a certain level of income – about $75,000 for a family – having more does not make you happier.
We've known for sometime that the financial metrics that we use to assess our economic progress aren't a good measure of our well being - introducing the Happy Planet Index.
According to Bob Willard, "There are too many indicators in play. We need to get our act together and identify a critical subset of indicators that are material to important stakeholders, including the environment, society, and shareholders."
With the increasing risk that natural resource scarcity and climate change poses to businesses, what about aligning compensation to sustainability performance?