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There is growing international recognition that today’s financial and economic systems are not equipped to capture the true wellbeing of our societies and ecosystems for a sustainable future for all. The Pact for the Future, adopted at the recent UN Summit of the Future, highlighted the need to redefine prosperity beyond traditional economic indicators like Gross Domestic Product (GDP), and redesign our economic systems around social and environmental values, and towards a regenerative economy. The upcoming Fourth International Conference on Financing for Development (FfD4) in June 2025 further presents an opportunity for Governments to commit to reforming the international financial architecture for people and planet. 

Building on IISD’s extensive work on comprehensive wealth and the Beyond Lab’s convenings on values-based financing and rethinking economic systems, this event brings together young people, policymakers, researchers, and thought-leaders to explore how Governments can shift beyond GDP and transition towards more inclusive and sustainable economies. The exchange will look at how policymakers can integrate existing tools and data to measure progress beyond GDP in an intergenerationally equitable way, as well as explore how to overcome political, economic and institutional barriers to valuing not only economic, but also social and environmental wellbeing.

So, how can Governments transition towards more inclusive and sustainable economic systems for the wellbeing of people and planet?

What existing tools and methods are available to measure progress beyond GDP, and how can they be integrated into policymaking?

What are the key challenges, political, social, economic, and institutional, that governments face in adopting new wellbeing-centered frameworks?

How can we ensure intergenerational equity in the transition beyond GDP?

How can international collaboration support a transition towards economies that prioritize social and environmental wellbeing?

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Format

The interactive workshop will be conducted under Chatham House Rule to foster an open and inclusive environment. Speakers and other participants are encouraged to share freely, with the understanding that while the information discussed can be used, the identity and affiliations of speakers or any other attendees will remain confidential.

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Objective

Maintain momentum on the topic of Beyond GDP.

Inform and shape upcoming key intergovernmental and multilateral processes (such as FfD4) to reform economic systems with long-term sustainability and intergenerational equity in mind.

Contribute to tools and initiatives to support policymaking, considering the intergenerational and spillover impacts of today’s actions and decisions on long-term sustainability.

Strengthen intergenerational, multi-stakeholder and multi-disciplinary collaboration to drive economic and financial systemic change towards long-term sustainability.

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