Photographs: Vasily Fedosenko/Reuters
Most reports on sustainability focus on environmental issues, but a country's sustainability depends on much more than just environmental factors, according to RobecoSAM, a Switzerland-based investment group.
It says that for a nation to safeguard its future it needs to focus on several issues, including social, economy and governance. RobecoSAM has recently released a report that ranks countries based on three factors: Environmental, social and governance. Here's how it explains them:
Environmental dimension: Nations that depend heavily on fossil fuel import are susceptible to price fluctuations and/or shortage. Natural calamities, such as floods, also add to the risk factor.
Social dimension: Strikes or unrest by workers pose a big risk to investment.
Governance dimension: Rate of corruption, internal conflict and regulations are other factors that can have an adverse impact on businesses.
Let's have a look and see where India ranks among countries offering best business and life environment.
NOTE: Each country receives a total score ranging from 1 to 10, with 10 being the highest.
Source: robecosam.com
Click NEXT to see India's rank among 59 nations studied by the Swiss firm...
25 countries offering best business environment
Image: Pigeons fly as clouds gather over New Delhi's Connaught Place.Photographs: Buddhika Weerasinghe/Reuters
India
Environmental score: 0.4
Social score: 1.2
Governance score: 4.4
Overall rank: 47
Although India, the 10th-largest economy in the world based on nominal GDP, has taken a number of steps to improve governance, social indicators and environmental problems, a lot remains to be achieved in these areas.
Click NEXT to see 25 countries offering best business and life environment...
25 countries offering best business environment
Image: A view of Stockholm in Sweden.Photographs: Ints Kalnins/Reuters
Sweden
Environmental score: 1.2
Social score: 2.8
Governance score: 8.25
Overall rank: 1
Sweden, which has the second-highest total tax revenue in the world, is one of the least unequal nations in the globe, has one of the best healthcare and education systems and is constantly ranked high in having cleanest reputation.
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25 countries offering best business environment
Image: A view of Sydney Opera House in Australia.Photographs: Daniel Munoz/Reuters
Australia
Environmental score: 0.9
Social score: 2.5
Governance score: 7.87
Overall rank: 2
Australia, which has the fifth-highest per capita income in the world, offers excellent health and education systems, lot of business freedom and safeguards political rights and liberties.
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25 countries offering best business environment
Image: Zurich's main shopping street Bahnhofstrasse in Switzerland.Photographs: Arnd Wiegmann/Reuters
Switzerland
Environmental score: 1.1
Social score: 2.7
Governance score: 7.83
Overall rank: 3
Switzerland, one of the wealthiest countries in the world, has been constantly ranked among nations that offer highest quality of life.
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25 countries offering best business environment
Image: Oresund bridge, which links the city of Malmo in Sweden to Copenhagen, the capital of Denmark, has a total length of 7,845 metres.Photographs: Radu Sighetin/Reuters
Denmark
Environmental score: 1.0
Social score: 2.5
Governance score: 7.71
Overall rank: 4
Denmark, which has one of the highest per capita incomes in the world, is one of the least unequal countries, has excellent social mobility and ranks near the bottom in corruption.
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25 countries offering best business environment
Image: Royal Palace at the end of Karl Johans Gate in Oslo, Norway.Photographs: Suzanne Plunkett/Reuters
Norway
Environmental score: 1.3
Social score: 3.0
Governance score: 7.68
Overall rank: 5
Norway, which is one of the least populated countries in the world, offers world-class healthcare, subsidised higher education and a generous safety net.
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25 countries offering best business environment
Image: Thrill seekers ride a fairground attraction overlooking the London Eye, Houses of Parliament and the Thames river in London, United Kingdom.Photographs: Chris Helgren/Reuters
United Kingdom
Environmental score: 0.9
Social score: 2.5
Governance score: 7.57
Overall rank: 6
United Kingdom, which has the eighth-largest economy by purchasing power parity in the world, is one of the biggest exporter and importer of goods in the globe.
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25 countries offering best business environment
Image: A view of Montreal in Canada.Photographs: Shaun Best/Reuters
Canada
Environmental score: 0.8
Social score: 2.6
Governance score: 7.53
Overall rank: 7
Canada, which has the ninth highest per capita in the world, offers one of the best education, healthcare and economic freedom in the globe.
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25 countries offering best business environment
Image: Tourists take part in the reindeer safari at Arctic Circle near Rovaniemi, northern Finland.Photographs: Kacper Pempel/Reuters
Finland
Environmental score: 0.7
Social score: 2.5
Governance score: 7.36
Overall rank: 8
Finland, which has a population of 5.4 million, is one of the richest nations in the world, has a highly competitive economy and provides excellent quality of life.
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25 countries offering best business environment
Image: Pedestrians sit in a viewing area on the High Line park in New York City, United States.Photographs: Lucas Jackson/Reuters
United States
Environmental score: 0.5
Social score: 2.5
Governance score: 7.27
Overall rank: 9
United States, the world's largest economy, is a global leader in research and innovation. It not only has a competitive economy, but also provides extensive social and business freedom.
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25 countries offering best business environment
Image: Tourists enjoy the Dutch tulip fields in Noordwijk, the Netherlands.Photographs: Michael Kooren/Reuters
The Netherlands
Environmental score: 0.3
Social score: 2.2
Governance score: 7.22
Overall rank: 10
The Netherlands, which has been ranked as the happiest country in the world, is one of the most open societies in the globe.
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25 countries offering best business environment
Image: Visitors watch a person sliding down a huge water pipe at a public swimming pool on a hot sunny day in Vienna, Austria.Photographs: Leonhard Foeger/Reuters
Austria
Environmental score: 1.1
Social score: 2.8
Governance score: 7.17
Overall rank: 11
Austria, one of the wealthiest nations in the world, has been constantly ranked high among countries providing excellent quality of life.
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25 countries offering best business environment
Image: A view of Auckland in New Zealand.Photographs: Stefan Wermuth/Reuters
New Zealand
Environmental score: 0.5
Social score: 1.3
Governance score: 7.16
Overall rank: 12
New Zealand, one of the biggest exporters of dairy products, meat and wine, has a highly developed economy.
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25 countries offering best business environment
Image: A view of Auckland in New Zealand.Photographs: Stefan Wermuth/Reuters
Ireland
Environmental score: 0.6
Social score: 1.3
Governance score: 7.01
Overall rank: 13
Ireland, which provides lots of economic and political freedom, is one of the most developed countries in the world.
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25 countries offering best business environment
Image: A view of the financial district in Singapore.Photographs: David Loh/Reuters
Singapore
Environmental score: 0.5
Social score: 1.1
Governance score: 6.83
Overall rank: 14
Singapore, which has one of the busiest ports in the world, is a leading business and financial hub.
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25 countries offering best business environment
Image: Tourists Caro and Anna from Munich lie in a bed mounted to a rental bike as they ride along Friedrichstrasse in central Berlin, Germany.Photographs: Thomas Peter/Reuters
Germany
Environmental score: 1.0
Social score: 2.6
Governance score: 6.71
Overall rank: 15
Germany, a major economic power of the world, provides excellent standard of living, world-class healthcare and one of the best education systems in the globe.
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25 countries offering best business environment
Image: People walk on stairs featuring a five-metre-high reproduction of Vincent van Gogh's signature painting 'Sunflowers', at the entrance to Ocean Terminal in Hong Kong.Photographs: Bobby Yip/Reuters
Hong Kong
Environmental score: 0.3
Social score: 2.2
Governance score: 6.51
Overall rank: 16
Hong Kong, which has one of the most traded currencies in the world, is a major business and financial hub. It constantly ranks high in quality of life, business freedom and human development index.
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25 countries offering best business environment
Image: Mt Fuji, covered with snow, is seen through Shinjuku skyscrapers in Tokyo, Japan.Photographs: Kimimasa Mayama/Reuters
Japan
Environmental score: 0.2
Social score: 2.1
Governance score: 6.26
Overall rank: 17
Japan, which has the third-largest economy in the world, has the second-highest life expectancy rate, third-lowest infant mortality rate and one of the most business-friendly economies.
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25 countries offering best business environment
Image: A man and his son enjoy the view of the Andes Mountains Range at the San Cristobal Hill in Santiago de Chile, Chile.Photographs: Minh Nguyen/Reuters
Chile
Environmental score: 0.2
Social score: 1.8
Governance score: 6.20
Overall rank: 18
Chile, one of the wealthiest nations in South America, is the continent's leader in per capita income, economic freedom and low corruption.
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25 countries offering best business environment
Image: An aerial view shows the Arc de Triomphe, centre, at the centre of the Place Charles de Gaulle and rooftops of residential buildings in Paris, France.Photographs: Charles Platiau/Reuters
France
Environmental score: 0.8
Social score: 2.6
Governance score: 6.20
Overall rank: 19
France, the third-largest nation in Europe, provides one of the best education systems, healthcare and standard of living.
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25 countries offering best business environment
Image: A tourist takes a picture of a model of an English guard in front of a miniature reproduction of the Buckingham Palace in the Mini-Europe park, where all the models are built at a scale of 1:25, in Brussels, Belgium.Photographs: Laurent Dubrule/Reuters
Belgium
Environmental score: 0.5
Social score: 2.3
Governance score: 6.20
Overall rank: 20
Belgium, whose economy is heavily dependent on the services sector, has world-class infrastructure, standard of living and business freedom.
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25 countries offering best business environment
Image: A view of Warsaw, capital of Poland.Photographs: Peter Andrews/Reuters
Poland
Environmental score: 0.6
Social score: 2.2
Governance score: 5.97
Overall rank: 21
Poland, which has one of the fastest-growing economies in Europe, is ranked high both in terms of human development index and business freedom.
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25 countries offering best business environment
Image: An aerial view of St Peter's square in Rome, Italy.Photographs: Alessandro Bianchi/Reuters
Italy
Environmental score: 0.8
Social score: 2.3
Governance score: 5.94
Overall rank: 22
Italy, which is one of the most globalised countries in the world, enjoys impressive standard of living, excellent education system and a high per capita income.
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25 countries offering best business environment
Image: A view of Doha, Qatar.Photographs: Fadi Al-Assaad/Reuters
Qatar
Environmental score: 1.0
Social score: 2.2
Governance score: 5.88
Overall rank: 23
Qatar, one of the wealthiest countries in the world, enjoys highest human development index in the Middle East.
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25 countries offering best business environment
Image: People relax in a park during a warm spring day in Prague, Czech Republic.Photographs: David W Cerny/Reuters
Czech Republic
Environmental score: 0.7
Social score: 2.5
Governance score: 5.79
Overall rank: 24
Czech Republic, one of the most healthy and democratic countries in the region, has the highest human development ranking in Central and Eastern Europe.
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25 countries offering best business environment
Image: Towers are seen next to a Dubai Metro station on Sheikh Zayed Road in Dubai, United Arab Emirates.Photographs: Jumana El Heloueh/Reuters
United Arab Emirates
Environmental score: 0.7
Social score: 2.2
Governance score: 5.72
Overall rank: 25
United Arab Emirates, which has one of the highest reserves of oil and natural gas, enjoys seventh-highest per capita income in the world and is one of the most developed nations in the region.
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