The Biscay Model: Executive Summary

The executive summary brings together the main ideas set out in the Concept note and the Summary contribution areas documents.

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Can taxation tools help to advance the United Nations Sustainable Development Goals (SDGs)? 

In 2020, UCL Institute for Innovation and Public Purpose (IIPP) undertook a partnership with the Biscay regional tax team to explore this question. This resulted in the development of a composite index tool, the Biscay Model, which enables authorities to measure corporate SDG performance in priority areas in order to link it to tax incentives. The executive summary brings together the main ideas set out in the two documents: the 'Concept note' and the 'Summary contribution areas'. It describes the challenge, details the rationale for a market-shaping approach and introduces the composite index approach and its core components. It also describes the 28 indicators or contribution areas (CAs) that compose the index.

 

Authors

Mariana Mazzucato | Founding Director, UCL Institute for Innovation and Public Purpose
Kate Roll |  Assistant Professor in Innovation, Development and Value, UCL Institute for Innovation and Public Purpose 
David Aeron-Thomas | Senior Policy Fellow in Sustainable Development, UCL Institute for Innovation and Public Purpose 
Miren Aintzane Lorca de Urarte | UCL Institute for Innovation and Public Purpose 

Reference:

Mazzucato, M., Roll, K., Aeron-Thomas, D. and Lorca de Urarte, M.A. (2021). The Biscay Model: Executive summary. UCL Institute for Innovation and Public Purpose (IIPP).