Factors that make up Sustainable Innovation
The ecosystem for sustainable innovation is made up of a number of interrelated factors. Firstly, certain determinants about a country’s policies and atmosphere comprise the “potential” of sustainable innovation. This potential leads to a series of investments and projects for innovation: the “activity” of sustainable innovation. Lastly, this activity creates various benefits for the environment, society and the effective operation of organisations: the “results” of sustainable innovation. In turn, these results must feed the ecosystem and boost its initial potential.
This is how the indicators have been grouped into three categories according to the stage of sustainable innovation they contribute to: Potential, Activity and Results. Within each category, the indicators have been classified into three aspects: Environmental, Social and Good Governance.
Each aspect carries the same weight in every category, thereby making it possible to analyse the balance between these three pillars of sustainability in different scenarios.