Sustainable Trade Index (STI)
The Sustainable Trade Index was created to encourage meaningful discussions amongst policymakers and business executives about the linkages between trade and sustainability. It shows how well prepared Indo-Pacific economies are to achieve sustainable growth through trade.
This bi-annual index measures the readiness of 20 Indo-Pacific economies to participate in the international trading system, in a manner that supports long term sustainable development.
"Trade is an indispensable ingredient in economic development, but it cannot be sustainably pursued without responsible environmental stewardship and a commitment to fully developing social capital".Merle A. Hinrich - Chairman, Hinrich Foundation
Why benchmark sustainable trade?
Trade has changed billions of lives for the better, but there's an opportunity to make an even greater impact if trade delivers better environmental protection and social equity.
The concept of sustainability is based on a co-dependent triangle consisting of economic growth, social capital and environmental protection.
The economic cost of environmental degradation, and the social strains caused by unbalanced growth, can hobble economic development just as much as the absence of market drivers starting with trade.
Sustainability is a constant balancing act, and there are no perfect solutions.
The Index provides useful data and case studies to guide business behaviors and policy choices, for better trade outcomes.
Who is the index for?
The index is a practical tool for:
- Governments and policy makers who are targeting economic growth through international trade and want to acheive more sustainable outcomes
- Corporations who need to assess the social and environmental impacts of their investments and sourcing activities in Indo-Pacific
- Communities who want to find information about ways in which trade impacts them
In the news
Highlights of coverage about the Sustainable Trade Index findings
Firms stepped up commitments to corporate social responsibility initiatives. Investors started incorporating environmental, social and governance (ESG) issues into their asset allocation decisions. And consumers voted with their wallets to support sustainable production. The question now is whether the pandemic puts that progress in jeopardy.
Bangladesh has surpassed India and Pakistan in terms of sustainable trade on the back of better performance in economic and social areas. However, the ranking in the environmental aspect is poor for Bangladesh due to worsening deforestation and air and water pollution, according to the latest Sustainable Trade Index 2020.
The Philippines moved up two places to rank eighth out of 20 economies in this year’s Hinrich Foundation Sustainable Trade Index, which looks at a country’s capacity to participate in international trade while promoting economic growth, environmental protection and social benefits.
The Philippines outranked other emerging markets in Asia as it moved up one spot to 8th place in the Sustainable Trade Index 2020, according to the Economist Intelligence Unit bi-annual report commissioned by Hinrich Foundation.
Japan and South Korea are tied for the top spot in the Sustainable Trade Index 2020, while Hong Kong ranked first in the economic pillar, a survey by the Hinrich Foundation showed. The report pointed out that Hong Kong's presence atop the STI and many other indexes has come into jeopardy, especially over the past six months.
The Philippines scored 55.9, from 53.8 in 2018, out of 100 in the Hinrich Foundation’s Sustainable Trade Index 2020. As such, it improved to eighth to land behind Japan, South Korea, Singapore, Hong Kong, Taiwan, the United States and China.
Feature on the top findings from the Hinrich Foundation Sustainable Trade Index 2018.
Coverage of key themes and top results from the Hinrich Foundation Sustainable Trade Index 2018.
The 2018 Hinrich Foundation Sustainable Trade Index is highlighted in article about trade sustainability in Asian economies.
Read our Sustainable Trade Index launch events
27 October 2020
On 27 October 2020 the Hinrich Foundation and Economist Intelligence Unit jointly launched the Sustainable Trade Index 2020, at an event co-organized with the UNESCAP-ARTNeT.
17 June 2019
Hinrich Foundation Research Fellow Stephen Olson provided his insights on sustainability in international trade at the Responsible Business and Human Rights Forum (RBHR Forum), held at United Nations Conference Centre in Bangkok on June 13, 2019.
26 November 2018
On November 23, 2018, Hinrich Foundation Research Fellow Stephen Olson presented the 2018 Sustainable Trade Index (STI) at an event organized by Hinrich Foundation, in partnership with the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi, Vietnam.
26 November 2018
The Hinrich Foundation, in partnership with Konrad Adenauer Foundation organised an international workshop on Sustainability in Global Value Chains (GVCs) at the Harbour Grand Hotel Kowloon, Hong Kong, on November 14, 2018.
23 October 2018
On October 5, 2018, Hinrich Foundation Research Fellow Stephen Olson presented the 2018 Hinrich Foundation Sustainable Trade Index findings at the Thunderbird Independent Alumni Association (TIAA) Professional Development Conference 2018. The event was organized by TIAA in partnership with Thunderbird School of Global Management and Arizona State University and was held in Penang, Malaysia.
05 October 2018
Hinrich Foundation Research Fellow Stephen Olson on October 4, 2018 presented the 2018 Sustainable Trade Index findings at the 5th Green Industry Conference for Sustainable Development, organized by United Nations Industrial Development Organization and United Nations Economic (UNIDO) and Social Commission for Asia and the Pacific (UNESCAP) with the support of Ministry of Industry, Kingdom of Thailand.
28 September 2018
On September 25, 2018, Hinrich Foundation Research Fellow Stephen Olson spoke at the United Nations headquarters in Bangkok, Thailand about the importance of sustainable foreign direct investment (FDI) for the Asia-Pacific region.
26 September 2018
Hinrich Foundation Research Fellow Stephen Olson presented the findings of the 2018 Sustainable Trade Index (STI) at the Asian Development Bank (ADB) in Manila on Tuesday, September 4th, 2018.
13 July 2018
The Hinrich Foundation released key findings from the Hinrich Foundation Sustainable Trade Index 2018 at an event hosted by the Economic Research Institute for ASEAN and East Asia (ERIA) in Jakarta, Indonesia on July 11, 2018.
27 June 2018
On June 26, 2018, Hinrich Foundation and the Economist Intelligence Unit launched the 2018 Hinrich Foundation Sustainable Trade Index at the East-West Center’s (EWC) International Media Conference in Singapore. The EWC event at Singapore Management University was attended by hundreds of media professionals from across the world.
30 August 2016
The Hinrich Foundation, in partnership with Asia Society Philippines and with the support of the National Competitiveness Council of the Philippines, hosted a briefing event for the inaugural Sustainable Trade Index (STI) on Thursday, August 25th in Manila.
22 June 2016
The Hinrich Foundation was pleased to sponsor a timely and informative workshop convened by the Mansfield Foundation, entitled “The Rule of Law: Vietnam and the TPP”.