How to catalyse private sector action to a greener economy

The business community believes that the term «green economy» is embedded in the broader sustainable development concept
Plant Growing 50 Euro Bill

To be successful, a green economy requires the integration of all three pillars of sustainability. Photograph: PBNJ Productions/Corbis

In their recent contribution to the negotiation process of next year’s summit, the Business Alliance for Sustainable Development (BASD), has set out that a green economy requires integration of all three pillars (social, economic, environment) of sustainable development for it to be successful. It also stresses that efforts by all actors need to go beyond short-term pressures and instead focus on the development of long term shared value. In that context, business expects the Rio+20 outcome to focus on the following key deliverables to catalyse private sector action towards a green economy:

• Take stock of progress since the 1992 Earth Summit, and develop policies and approaches that address new and existing challenges, recognising the economic, social, and environment pillars of sustainable development as essential components of recommended policies and solutions.

• Encourage widespread adoption and uptake of sustainability principles by businesses of all sizes, sectors and regions.

• Provide the enabling environment necessary to accelerate and intensify the practice of corporate sustainability so that business can fully contribute to sustainable development. Combating corruption and ensuring peace and security will be critical to diffuse corporate sustainability practices. The private sector is committed to work collaboratively with the public sector and civil society to create incentives and remove barriers to achieve green economies.

• Embed the «green economy» concept in the broader sustainable development concept. While business would rather speak about greener economies to acknowledge the many opportunities and risks for its sectors, value chains, and different national contexts, for the purpose of the Rio+20 Conference, the BASD acknowledges the term green economy and view it as a unifying theme to articulate the sustainable development direction in which all global economies need to move albeit the existing tensions and global economic turmoil.

• Recognise that in order to move forward, it is crucial to green all sectors in all countries and advance resource efficiency and life cycle approaches. We consider improvements of existing processes (manufacturing technologies, jobs, logistics, research, etc.) to be as important as launching new products and technologies. Both approaches should be pursued simultaneously for a step change. It should be noted that business operates across global supply and value chains and greening all stages along the life cycle of its products and services is becoming a guiding principle for many leading companies and sectors. The actions needed to transition towards a green economy vary from sector to sector, value chain, and from country-to-country, depending on national circumstances, for example near term priorities may differ significantly especially for least developed countries.

• Recognise that collaboration and collective action is needed to operationalise and mainstream the concept of a green economy. The transition towards a green economy is a shared responsibility by all actors in the value chain. No one stakeholder group, whether business and industry, governments or society, can do this on their own. Collaboration and collective action on innovation and technology development and their appropriate deployment via sustainable production and consumption (SCP) concepts are at the heart of greening economies. It should also be noted that education is the cornerstone of any strong and competitive green economy and a skilled workforce is a prerequisite. Stepping up education efforts will foster the mindsets and behavioural changes needed to drive the required innovations into the direction of a green economy. Public private partnerships can hereby play a major role in building the essential knowledge and skills required for the transition to a green economy.

Source / Fuente:

Author / Autor: Staff

Date / Fecha: 16/01/12

Visit our Facebook / Visite nuestro Facebook:

Visit our YouTube channel / Visite nuestro canal de YouTube:

Deja una respuesta

Introduce tus datos o haz clic en un icono para iniciar sesión:

Logo de

Estás comentando usando tu cuenta de Salir /  Cambiar )

Foto de Facebook

Estás comentando usando tu cuenta de Facebook. Salir /  Cambiar )

Conectando a %s