Beyond Cost 2024
Page 29 of 36 · WEF_Beyond_Cost_2024.pdf
Environmental, social and
governance (ESG)
Renewable energy production
–Share of primary energy consumption
that comes from renewables measures the
amount of modern renewable energy generation
by country.40
–Unit: Nominal, terawatt-hours (TWh)
Net Zero Sovereign Index
–The Net Zero Sovereign Index is a
benchmarking tool that helps investors assess
how well countries align with 2050 net-zero
emissions goals. It considers several key
dimensions, including emissions reduction
policies, renewable energy use, vulnerability
to climate impacts, economic capacity
for transition and social factors impacting
transition fairness. By scoring countries across
these dimensions, it highlights strengths and
challenges, aiming to encourage a balanced and
equitable approach to climate goals, especially
between developed and emerging markets.41
–Unit: Very high to very low alignment
Workers’ rights
–Global Rights Index rates countries on respect
for workers’ rights based on annual data.42
–Unit: Score 1-5 (best)
Sustainability competitiveness
–The Global Sustainability Competitiveness
Index model is developed with a view of
the fundamentals that shape the current
and the future state (i.e. competitiveness
level) of a nation-economy. It is based on
a competitiveness model that incorporates
all relevant pillars of sustained growth and
wealth generation of a nation – natural capital
availability, resource efficiency, social cohesion,
government-led development direction and
innovation and business capabilities.43
–Unit: Score 0-60 (best)Stable climate conditions
–Global Climate Risk Index (CRI) identifies the
extent to which countries have been affected
by extreme weather events. These can be
meteorological events such as tropical storms
or tornados, hydrological events such as storm
surges or flash floods, or climatological events
such as wildfires or droughts.44
–Unit: Score 1-125 (lowest risk)
Control of corruption
–The Corruption Perceptions Index (CPI)
scores and ranks countries/territories based
on how corrupt their public sector is perceived
to be by experts and business executives.
The CPI draws on data from 13 surveys and
assessments of corruption collected by a variety
of reputable institutions.45
–Unit: 0-100 (very clean)
Country data
GDP per capita
–GDP per capita describes a nation’s GDP
divided by its midyear population. GDP is
the sum of gross value added by all resident
producers in the economy and any product
taxes, minus any subsidies not included in the
value of the products.46
–Unit: Nominal value, $
Manufacturing value added
–Manufacturing value added (percentage
of GDP) outlines industries belonging to
International Standards Industrial Classification
(ISIC) divisions 15-37. Value added is the net
output of a sector after adding up all outputs
and subtracting intermediate inputs.47
–Unit: Percentage of GDP
Beyond Cost: Country Readiness for the Future of Manufacturing and Supply Chains
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