A green economy is one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities - United Nations Environment Programme (UNEP) (2010).
Social equity is concerned with justice and fairness of social policy. Since the 1960s, the concept of social equity has been used in a variety of institutional contexts, including education and public administration.
Equity within a society is different from social equality because it takes into account the individual differences that people may have when seeking an equal outcome. Equity describes equal outcomes for groups, also called substantive equality
