1 dollar a day is the threshold of extreme poverty, below which it is impossible for a person to survive. This was one of the main conclusions of the Australian economist, Martin Ravallion, who has won the BBVA Foundation Frontiers of Knowledge Award in the Development Cooperation category.
Sustainability and Responsible Banking
Sustainability and Responsible Banking
Australian economist Martin Ravallion has been distinguished with the BBVA Foundation’s Frontiers of Knowledge Award in Development Cooperation for revolutionizing the fight against poverty by creating reliable indicators to measure it. In 1991 he established at one dollar a day the minimum amount that a person needs to survive, which helped establish for the first time specific goals to eliminate extreme poverty globally. After the latest update, the international poverty line is set at US$1.90 a day.
Sustainable cities are those that, through using their own resources, are able to maintain considerable progress in all their discharges by minimizing the impact it may have on the environment. Cities such as Santiago de Chile, Montevideo and Bogota have launched initiatives in this direction.
The measurement of the Corporate Social Responsibility (CSR) initiatives and programs is acquiring an increasing relevance in companies. For the last four years, BBVA has been using the rsc2 methodology, proposed by McKinsey and developed in Spain with the Seres Foundation, to measure the social and financial impact of its actions in this field. The results of applying this methodology is revealing very valuable information to better manage these actions and contribute to them really being sustainable.
Rising life expectancy, longevity, is a relatively recent phenomenon dating from the 19th century. Until then, for nearly 60,000 years, the life expectancy of humanity remained relatively constant. There is some evidence that increased life expectancy is a permanent phenomenon, with the implications that this might have not only for pension systems, but also for the organization of societies themselves.
The winter is another harsh test for the survival of the people of Syria. Once again, UNHCR has prepared in advance for its campaign for the coldest months of the year to support people forced to flee their homes by conflicts ravaging their countries.
The world is currently facing the biggest forced migration crisis since the Second World War. Approximately 60 million people have had to leave their homes because of war, persecution or unstainable conditions in their home country. In the report “Obstacle Course To Europe: A Policy-Made Humanitarian Crisis At EU Borders”, Doctors Without Borders/Médecins Sans Frontières (MSF) warns of the desperate situation of refugees arriving in Europe.
The Finish ecologist Ilkka Hanski has been awarded the BBVA Foundation Fronteras del Conocimiento (Frontiers of Knowledge) award for the Ecology and Biology of Conservation category. The jury recognized this scientist’s work in creating a new branch of ecology, known as metapopulation biology, combining field work with mathematical models to examine how habitat fragmentation by human actions affects species.
Finnish ecologist Ilkka Hanski has been distinguished with the BBVA Foundation Frontiers of Knowledge Award in Ecology and Conservation Biology for opening up a new branch of ecology – metapopulation biology – which combines field work and mathematical modeling to predict how species will be affected by the pressing problem of habitat fragmentation by human action.
A socially responsible investor is someone who takes ethical, social and environmental considerations in its investment decisions. Without compromising the profitability of the investment, the responsible investor seeks to create long-term value, supporting businesses that can bring benefits to society. Although institutional investors are the most active in this type of investments, based on the interest shown by millennials, the investment opportunities in the segment could very well lead to wealth transfers of over 4% of the world’s GDP by mid-century.