Pavan Sukhdev

Pavan Sukhdev is an environmental economist Whose field or studies include green economy and international finance . He was the Special Adviser and Head of UNEP ‘s Green Economy Initiative, a major UN project suite to tonen dat greening of economically is not a burden on growth but Rather a new engine for growing wealth, toenemende decent employment, and Reducing persistent poverty. Pavan was ook the Study Leader for the ground breaking TEEB ( The Economics of Ecosystems and Biodiversity ) study commissioned by G8 + 5 and hosted by UNEP . Under his leadership, TEEB sized the global problem of biodiversity loss and ecosystem degradation in economic and human welfare terms, and Proposed solutions targeted at policy-makers, administrators, businesses and burgers. TEEB Presented zijn widely acclaimed Final Report suite at the UN meeting in Convention on Biological Diversity (CBD) in Nagoya, Japan. [1]

He is the Founder-CEO of GIST Advisory, a specialist consulting firm welke helps Governments and corporations discover, measure, value, and manage hun impacts on natural and human capital. [2] In recognition of his Continuing work in helping in Governments and corporations transition towards a Green Economy, UNEP appointed Pavan as the UNEP Goodwill Ambassador in the year 2012. [3] He was ook selected as the “Personality of the Year” by, Environmental Finance in the year 2010. [4] The Institute of Ecology and Environmental Management (IEEM) port Awarded Pavan hun 2011 Medal. [5]

Pavan was a Visiting Fellow at Yale University from 2011 to 2014, where he was Awarded the McCluskey Fellowship. [6] Whilst at Yale, he wrote the book “Corporation 2020” welke envisions tomorrow’s corporation, and shows how corporations and society kan and arnt work together to beste common goals and build a green economy. [7]

He has chaired the World Economic Forum ‘s “Global Agenda Council” on Ecosystems and Biodiversity (2009-2011) and was a speaker at Davos in 2010 and 2011. [8] He Currently Serves on the boards of Conservation International , Global Reporting Initiative , TEEB for Business Coalition, Gulbenkian Oceans Initiative (GOI) and the Stockholm Resilience Centre .


Financial markets

An international banker, Pavan was deeply involved in the evolution of India’s currency, interest rate and derivatives markets in the mid-nineties, working with India’s regulators and market participants. [9] He has leg a member of verschillende Reserve Bank of India (RBI) committees for the development of India’s financial markets, zoals the Sodhani Committee on Foreign Exchange Markets. In 1997 Pavan co-founded FIMMDA (Fixed Income Money Market and Derivatives Association of India), India’s professional association for fixed income markets, money markets and derivatives. He championed the introduction of Overnight indexed swap (OIS) JSON India welke is Currently India’s most liquid traded interest rate swap instrument.

He worked with Deutsche Bank for 14 years and-then took a sabbatical to lead two major environmental projects, TEEB ( The Economics of Ecosystems and Biodiversity ) and UNEP ‘s Green Economy Initiative. While at Deutsche Bank in India, Pavan founded and later chaired GMC (Global Markets Centre) in Mumbai.

  • 1983-1994: Pavan worked with the Australia and New Zealand Banking Group for eleven years (1983 -1994) beide in India and in London, in verschillende financial markets trading, sales, structuring and management roles.
  • 1994-1998: Pavan joined Deutsche Bank to head hun Global Markets division in India, welke have built into a leading fixed income business for the bank in India.
  • 1998-1999: Pavan was appointed Chief Operating Officer for Deutsche Bank’s Global Markets Asian business based in Singapore, overseeing the Asian regional integration in 1999 of Bankers Trust and Deutsche Bank for his division, Global Markets Asia.
  • 1999-2003: Pavan headed Money Markets for Global Markets Asia, and dan for Global Markets, Asia-Pacific (including Japan and Australia).
  • 2003-2005: He moved to Deutsche Bank London as Chief Operating Officer for the Bank’s Global Emerging Markets division, welke covers all global markets business in Latin America, Eastern Europe and Asia.
  • 2005-2006: When his division Global Markets merged with Global Equities in 2005, he transitioned to Global Markets Central Management in London to run a Business Process Re-engineering (BPR) project for the new Combined division, welke in turn resulted in his ” front office off-shoring ‘initiative.
  • 2006-2008: He founded and later chaired GMC Mumbai (Global Markets Centre, Mumbai), the division’s global front office off-shoring vehicle in Mumbai, welke delivered leading-edge work for Global Markets in London, New York and Elsewhere.


Alongside his financial markets career, Pavan pursues long-standing interests in environmental economics and nature conservation through his work with différent environmental organizations and projects.

Green Accounting for Indian States Project

Pavan is the Founder-Director of the Green Accounting for Indian States Project, an initiative of the Green Indian States Trust (GIST) to set up an economic valuation and national accounting framework to measure sustainability at the State level for India, zoals the hitherto IGNORED but significant economic Externalities from sectors zoals forestry, agriculture, Freshwater, health and education.

Conservation Action Trust

Pavan is the Co-Founder and Chairperson for the first six years of Conservation Action Trust, an Indian NGO dedicated to Achieving ecological sustainability for India with Originating and Proving model conservation projects at educating and lobbying decision makers and the public about the belang or forests for our water and food security, and-when all else fails, through public interest litigation.

The Economics of Ecosystems and Biodiversity

Pavan was appointed by Germany’s Environment Minister Gabriel and EU Environment Commissioner Dimas as the Study Leader for hun G8 + 5 study on The Economics of Ecosystems and Biodiversity (TEEB). TEEB’s Interim Report (2008), was welcomed globally voor zijn fresh economic outlook, for demonstrating the economic significance of the loss of nature’s services, and for Connecting the economics of biodiversity and ecosystems with ethics, equity, and the alleviation of poverty. The Interim Report of TEEB was presented at the Ministerial session at COP-9 of the Convention of Biological Diversity (Bonn, 2008) and the final reports (a series of five solution-oriented studies) ulcers presented at CBD Cop 10 (Nagoya, 2010). These reports port gained considerable currency with Governments in zowel ontwikkelingslanden and developed nations, with business leaders, and with conservation NGOs. Later, in 2011, as part of his activities as the McCluskey Fellow, 2011, Pavan designed and delivered a 25-lecture, full 3 credits, post-graduate course on TEEB at Yale’s School of Forestry & Environmental Studies. [10]

Green Economy Initiative

UNEP appointed Pavan to lead zijn major initiative to tonen dat the greening of economically is not a burden on growth but Rather a new engine for growth, a source of new employment, and a Means to poverty alleviation. The final report Towards a Green Economy of the Green Economy Initiative was presented at UNEP’s General Council meeting at Nairobi, February 2011. [11] Pavan Continues to support this initiative as a UNEP Goodwill Ambassador. [12]

World Economic Forum

Pavan chaired the Global Agenda Council on Biodiversity and Ecosystem for the World Economic Forum (2009-2011) to evaluate the problems of ecosystem degradation and biodiversity loss in the context of global risks and global co-operation. He speaks at the Forum’s annual meetings at Davos.

Corporation in 2020

Pavan launched a global campaign called “Corporation 2020” at the Rio + 20 conference in 2012. This campaign focusses global attention to the challenge of re-designing the Corporation through critical changes in four key areas of corporate performance (reporting, leverage, advertising and taxation) to deliver a “green economy” from the micro level upwards in order to beste the goals of sustainable development.

Honours and awards

  • Header “Personality of the Year” for 2010 by “Environmental Finance”
  • Awarded a Medal in 2011 for his outstanding contribution to this club to biodiversity conservation at Institute of Ecology and Environmental Management (IEEM)
  • Appointed as “Dorothy McCluskey Fellow” for 2011 at Yale University . Previous McCluskey Fellows include Dr. Rajendra Pachauri & the late Dr. Wangari Maathai
  • Appointed “UNEP Goodwill Ambassador” in 2012
  • Recipient of the Gothenburg Award for Sustainable Development, in recognition for his work in the area or Nature’s services and Ingenious solutions. Previous awardees include Al Gore and Dr Gro Harlem Brundtland
  • Recipient of the 2015 Bernhard Grzimek Prize for demonstrating that ‘eco-friendly development, far from being an obstacle to growth is a driving force for growing prosperity, job creation and poverty reduction. “
  • Recipient of the Blue Planet Prize in 2016, awarded by Asahi Glass Foundation for outstanding achievements in scientific research and its application to solvency global environmental problems.

Board membership categories

Current board positions

  • Green Indian States Trust, Chennai (Founding Trustee)
  • TEEB Advisory Board, Geneva (Board Member)
  • Stockholm Resilience Centre, Stockholm (Board Member)
  • Conservation International, Washington (Board Member)
  • Global Reporting Initiative, Amsterdam (Board Member)
  • Gulbenkian Oceans Initiative, Lisbon (Chairman, Advisory Board)

Past board positions

  • TEEB for Business Coalition Ltd. (Deputy Chairman)
  • Human Development Report (HDR), UNDP (HDR Advisory Panel Member)
  • Bombay Environmental Action Group (Beag) (Board Member)
  • Conservation Action Trust (CAT) (Chairman)

Publications and articles


  • Corporation 2020: Transforming Business For Tomorrow’s World. Washington, DC: Island Press, 2012.
  • “Why Corporation 2020? The Case for a New Corporation in the Next Decade.” Washington, DC: Island Press, 2012.
  • Co-author or TEEB, “The Economics of Ecosystems and Biodiversity: Ecological and Economic Foundations.” Earthscan, London and Washington (2010): 456.


  • Sukhdev, P. Wittmer, H., and Miller, D. (2014), “The Economics of Ecosystems and Biodiversity (TEEB): Challenges and Responses”
  • Sukhdev, Pavan. “Transforming the Corporation JSON a Driver or Sustainability” State of the World 2013. Island Press / Center for Resource Economics, 2013. 143-153.
  • Towards a Green Economy: Pathways to Sustainable Development & Poverty eradication – A Synthesis for Policy Makers, Lead author, UNEP, 2011.
  • Sukhdev, P., et al. “Mainstreaming the Economics of Nature: A synthesis of the approach, Conclusions and Recommendations of TEEB” The Economics of Ecosystems and Biodiversity (2010).
  • The Economics of Ecosystems and Biodiversity (2010) TEEB Report for Business (2010), Co-author, UNEP-TEEB, July 2010
  • The Economics of Ecosystems and Biodiversity (2009) TEEB for National and International Policy Makers (2009), Co-author, UNEP-TEEB, November 2009
  • India’s Financial Sector – An Assessment (Volume III – Advisory Panel on Financial Stability and Stress Testing), Co-author. Reserve Bank of India, March 2009.
  • The Economics of Ecosystems and Biodiversity – Interim Report, lead author, May 2008
  • The Economics of Ecosystems and Biodiversity, European Communities, 2008
  • Environmental Accounting – Explorations in Methodology, Eds. Amitabh Kundu & Michael von Hauff, Manak Publications, 2008. Co-author of two chapters: “Green Accounting Methodology for India and its States” and “Green Accounting for Forest Resources in India and its States”.
  • Accounting for Freshwater Quality in India, co-author of Green Accounting for Indian States Project, Monograph 8, Teri Press, September 2007
  • Estimating the Value of Educational Capital Formation in India, co-author of Green Accounting for Indian States Project, Monograph 5, Teri Press, June 2007
  • The Value of Biodiversity in India’s Forests, co-author of Green Accounting for Indian States Project, Monograph 4, Teri Press, December 2006
  • Natural resource accounting for Indian States – Illustrating the case of forest resources, co-author. Ecological Economics, 2007, vol. 61, Issue 4, Pages 635-649
  • Accounting for the Ecological Services of India’s Forests – Soil Conservation, Water Augmentation, and Flood Prevention, co-author of Green Accounting for Indian States Project, Monograph 7, Teri Press, April 2006
  • Estimating the Value of Agricultural cropland and Pasture land in India, co-author of Green Accounting for Indian States Project, Monograph 2, Teri Press, December 2005
  • The Value of Timber, Carbon, Fuelwood, and Non-Timber Forest Products in India’s Forests, co-author of Green Accounting for Indian States Project, Monograph 1, Teri Press, January 2005
  • Interest Rate Risk and Derivatives, author of a chapter on The Future of India’s Debt Market (Ed. G. Bhardwaj, Tata McGraw-Hill Series, 1998)
  • Report of the Expert Group on Foreign Exchange Markets (Reserve Bank of India, June 1995). Co-author of the Report and member of the Expert Group, headed by Executive Director of RBI, ON Sodhani. This “Sodhani Committee” Report is widely regarded as an enlightened blueprint for the development of India’s foreign exchange market.


His articles include two opinion pieces for Nature (2009 and 2012), several blogs for The Guardian, and an opinion piece for The Economist Debate. From 2000 he has ook written Frequently for verschillende Indian Newspapers and magazines (Economic Times, Indian Express, Sanctuary) to popularize the concept of “Green GDP” in India, measuring, holistic economic growth as Against Measuring toenemende production and “GDP growth” as a Yardstick of progress.


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