DONUT : what is it ?
Every day, we are witness to the dysfunctions of a growth-driven economy: repeated financial crises, extreme inequalities in income and access to resources, destructive exploitation of the environment, etc. We need another model to forge both our well-being and that of the planet.
The Doughnut theory, created by the English economist Kate Raworth, replaces the general objective of an economy designed to grow with an economy designed to thrive. The image of the Doughnut represents a social foundation and an ecological ceiling – the two boundaries between which we must redefine our well-being.
To apply this model to a territory or organization, the doughnut is “rolled out” to reveal 2 additional dimensions. This allows the analysis of social and environmental impacts to be studied through the prism of two other dimensions – local and global – to generate a holistic view of the implications of our activities. This adds up to a field of analysis comprising 4 aspects (local-ecological, global-ecological, local-social, global-social), referred to as the 4 “lenses” through which to analyze any given action and formulate integrated transition objectives.
The Doughnut also encourages companies and organizations to give careful consideration to how their
can make them more distributive and regenerative, equipping them to engineer an ecological and social transition, by covering 5 principles: objectives, governance, networks, finance and ownership.