.png)
‘Introducing the Impact Economy’, Griffith Centre for Systems Innovation
This article introduces the 'impact economy', a model integrating social, environmental, and economic outcomes. It explores its definition, relevance in the Anthropocene era, and components like impact-driven business, investment, and trade. Key topics include political leadership, innovation, impact measurement, and challenges such as inclusion and new economic indicators. A valuable primer for understanding how reshaped economic systems can address global challenges and better serve people, places, and the planet.
View resourceSummary
This article provides an introduction to the concept of the 'impact economy', exploring its definition, relevance, and key components. It offers insights into how this emerging economic model challenges traditional capitalism by integrating social and environmental outcomes with economic activities. Key points include:
- Definition of impact economy: a holistic approach to value creation that recognises the interdependence of social, natural, human, manufactured, and financial capitals.
- Context and urgency: discusses the Anthropocene era and the need for economic systems that account for externalities and pursue net positive impacts.
- Components of the impact economy: explores how business, investment, and trade are evolving to incorporate impact-driven approaches.
- Considerations for development: outlines key areas for growth including political leadership, mission-led innovation, impact measurement, and technology regulation.
- Challenges and opportunities: addresses issues of inclusion, the role of technology, and the need for new economic indicators beyond GDP.
The article serves as a helpful primer for understanding the concept of the impact economy and its potential to address major global challenges. It's particularly useful for those interested in how economic systems can be reshaped to better serve people, places, and the planet.
Related resources
Landcare Australia: Community-Led Conservation
PlatformsLandcare Australia empowers local communities to take action on environmental issues through conservation and sustainable agriculture. By supporting land restoration, revegetation, and sustainable farming, Landcare fosters community engagement and provides funding, training, and resources. The organisation also focuses on biodiversity conservation through collaborative projects that protect native species and ecosystems, ensuring long-term, sustainable environmental solutions.
Learn more
Permaculture Australia: Sustainable Living Through Design
PlatformsPermaculture Australia promotes sustainable living and growing practices through the principles of permaculture, tailored to Australia’s unique climate and ecosystems. The organisation provides education, training, and certification in permaculture design, supports local projects focused on food security and regenerative agriculture, and advocates for ecological and social resilience. By fostering self-sufficient, sustainable communities, Permaculture Australia helps communities work in harmony with the environment.
Learn more
.png)