Developing a composite indicator to track ISID

Developing a composite indicator to track ISID

ISPRA, Italy, 9 November 2018 – The European Commission’s Joint Research Centre in Ispra today convened a community of practice meeting to explore recent advances in the field of composite indicators and scoreboards, which serve to shape policies and monitor progress in areas such as competitiveness, technological change, access to finance and sustainability.

The event brought together policy analysts and researchers from the European Commission, international organizations, think tanks and academia, to foster a practical exchange of experiences and facilitate collaboration.

The participants explored, among other things, lessons learned from the United Nations Industrial Development Organization (UNIDO)’s flagship Competitive Industrial Performance index and discussed new inclusive and sustainable industrial development (ISID) indices, emerging challenges, policy implications and ways forward.

UNIDO Research and Industrial Policy Officer, Nicola Cantore, highlighted the challenges of aggregating economic, environmental and social indicators into indices that can help measure the advancement of ISID – and its contribution to the advancement of Sustainable Development Goal (SDG) 9 – in countries around the world.

“The design of projects as well as the definition and monitoring of policies requires concrete measurement techniques to represent ISID,” said Cantore. “Despite a plethora of sustainability indices, only a few of them focus on industry and even fewer are designed to mitigate possible subjective criteria in methodologies.”

“UNIDO’s research is accumulating expertise and interesting findings in this emerging field,” Cantore added.

UNIDO maintains a variety of databases comprising statistics of overall industrial growth, detailed data on business structure, and statistics on major indicators of industrial performance by country.

Visit UNIDO’s Statistics Data Portal here.

For more information please contact:

Nicola Cantore

UNIDO Research and Industrial Policy Officer

UNIDO Department of Policy Research and Statistics