World Bank Uses Innovative Solution to Highlight Sustainability Indicators

World Bank Uses Innovative Solution to Highlight Sustainability Indicators

by Vikas Vij

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Wednesday, January 14, 2015 - 4:00pm



The World Bank Group is currently driven by the twin goals of ending extreme poverty within a generation and boosting shared prosperity. It is promoting environmental and social sustainability while pursuing a development path of fiscal responsibility to achieve these goals. With its extensive experience in what works for development and what does not, the World Bank views itself as a “Solutions Bank” that can help solve developmental and sustainability problems in real time.

In its endeavor to create a better solution to disseminating information related to sustainability, the Bank has supplemented its online sustainability report for 2014 with an innovative taxonomy. The report is supported by a stand-alone index of sustainability indicators tagged with the eXtensible Business Reporting Language (XBRL) taxonomy. The sustainability report has been published in accordance to Global Reporting Initiative (GRI). The report and the XBRL documents are available at:

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Vikas is a staff writer for the Sustainable Development news and editorial section on Justmeans. He is an MBA with 20 years of managerial and entrepreneurial experience and global travel. He is the author of "The Power of Money" (Scholars, 2003), a book that presents a revolutionary monetary economic theory on poverty alleviation in the developing world. Vikas is also the official writer for an international social project for developing nations "Decisions for Life" run in collaboration between the ILO, the University of Amsterdam and the Indian Institute of Management.