

Environment
The Global Compact’s environment principles are derived from the Rio Declaration on Environment and Development
The three principles are:
- Principle Seven: business should support a precautionary approach to environmental challenges;
- Principle Eight: undertake initiatives to promote greater environmental responsibility; and;
- Principle Nine: encourage the development and diffusion of environmentally friendly technologies.
The world is today facing unique environmental challenges. Among these include; record loss of biodiversity and long-term damage to ecosystems; pollution of the atmosphere and the consequences of climate change; waste production & disposal; natural resource depletion; impacts of chemicals use and toxic substance disposal; damaged aquatic ecosystems and; land degradation.
The Business Case for Corporate Environmental Responsibility:
Two well known studies in the business case for corporate sustainability have been undertaken by UNEP, SustainAbility Ltd and the International Finance Corporation (IFC). The first study (Buried Treasure: Uncovering the Business Case for Sustainability) looked primarily at evidence resulting from corporations in developed countries, while the second study (Developing Value: The Business Case for Sustainability in Emerging Markets) focused specifically on emerging economies. The study - Buried Treasure: Uncovering the Business Case for Sustainability - developed a Sustainable Business Value Model which links ten dimensions of sustainable development performance with ten more traditional measures of business success. The Developing Value study looked at more than 240 examples in over 60 countries, and identified the following business opportunities associated with pursuing more sustainable approaches to business:
- saving costs through improved efficiencies;
- increased revenues by improving the environment and benefiting the local economy;
- reducing risks through stakeholder engagement;
- building brand value and reputation;
- developing human and intellectual capital; and
- improving access to capital through better governance.
New Engagement Platforms
Calls to action for Global Compact business participants to join the platforms by becoming signatories of the statements:
Climate Change - "Caring for Climate: The Global Business Leadership Platform on Climate Change"
"Caring for Climate" is positioned as a voluntary and complementary action platform for those Global Compact participants who want to demonstrate leadership on the climate change issue. It shows how committed business leaders can advance practical solutions, shape public opinion and government attitudes. CEOs that support the statement are prepared to set goals, to change strategies and practices and to disclose publicly emissions. They also commit to communicate on an annual basis on the progress made as part of their existing disclosure commitment within the Global Compact framework.
Water Sustainability - "The CEO Water Mandate"
Recommended Tools and Guidance Materials
Caring
for Climate: A Call to Business Leaders, 2008.
Caring
for Climate: Tomorrow's Leadership Today, 2007.
Measuring
Success from Sustainability Certification, 2007.
“Unchaining Value”, July 2007.
Sustainability
Communications: A Toolkit for Marketing and Advertising Courses, July 2007.
Buildings
and Climate Change: Status, Challenges and Opportunities, March 2007.
Global Trends in Sustainable Energy
Investment, 2007.
Design for
Sustainability, Nov 2006.
The Global Compact
Environmental Principles Training, 2005.
Raising the Bar:
Creating Value with the United Nations Global Compact, June 2004.
Environmental Management System Training Resource Kit, 2001.
The Efficient Entrepreneur,
2001.
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UN Core Agency
United Nations Environment Programme (UNEP)
The United Nations Environment Programme (UNEP) produces a range of training materials for decision makers in government, industry and business, and local communities. Some of the publications can only be ordered from EarthPrint Limited, P.O. Box 119, Stevenage, Hertfordshire SG14TP England. Tel: +44 1438 748 111; Fax: +44 1438 748 844; E-mail: orders@earthprint.com, www.earthprint.com
Contacts
Lila Karbassi
UN Global Compact Office
karbassi@un.org
Tel: +1-917-367-3648
or
Cornelis Theunis Van der Lugt
UNEP
cornis.lugt@unep.fr
Tel: +33 - 1 - 4437 1445
(Last Update 5 May 2008)

