Their 2011 Human Development Report is out and you can download a copy from their website in a wide variety of languages. Their emphasis this year is on "Sustainability and Equity" - not just for the living but for the yet to be born:
This year we explore the intersections between environmental sustainability and equity, which are fundamentally similar in their concern for distributive justice. We value sustainability because future generations should have at least the same possibilities as people today. Similarly, all inequitable processes are unjust: people’s chances at better lives should not be constrained by factors outside their control. Inequalities are especially unjust when particular groups, whether because of gender, race or birthplace, are systematically disadvantaged.
Sustainable human development is the expansion of the substantive freedoms of people today while making reasonable efforts to avoid seriously compromising those of future generations.
The World Development Report 2012 from the World Bank is good one to read in conjunction with the UNDP report. Their focus this year is on "Gender Equality and Development." As much as we like to cite extraordinary progress in developed countries to reduce gender inequality, women are still "systematically disadvantaged" in many parts of the world. Here is Ana Revenga explaining why this is not just an issue of basic fairness (equity) but an economic issue: