Designing Sustainable Prosperity SDG Indicators for Measuring Positive Change

Abstract

Conventionally, prosperity has been synonymous with financial success. However, a paradigm shift is underway, redefining prosperity. It challenges the conventional view of prosperity and envisages an economy where development harmonizes with environmental preservation as well as the health and well-being of local communities. Designing Sustainable Prosperity (DSP) is an approach to solve complex problems which embeds the United Nations Sustainable Development Goals (UN SDGs) into decision-making. DSP redefines prosperity to allow for comprehensive measurement and consideration of the extractive industry’s impact on water, air, land sustainability, and people. One of the distinctive features of DSP is the innovative use of the UN SDGs and their indicators to prioritize business cases. DSP is a whole systems solution designed for specific regions, equipping them with resilience to face an uncertain future. DSP transcends financial performance by contributing to local communities’ benefits, global health and well-being, and protecting the environment.