The world today is facing unprecedented, interconnected environmental challenges in areas including climate change, water, energy, biodiversity and agriculture. With business relying on natural resources directly and via supply chains, new corporate efforts are needed to address environmental responsibilities, value natural capital, and better understand the linkages between resources.
To prepare for this increasingly challenging landscape, the Global Compact’s work on environment is designed to help companies develop a holistic and comprehensive strategy. It recognizes the growing linkages among various environmental issues – climate, food, water – as well as their connections to social and development priorities. Our work helps businesses to advance the Sustainable Development Goals including the Action Agenda of the Paris Climate Agreement stemming from COP21.
The Global Compact pushes companies to move beyond traditional approaches based largely on compliance and narrow risk assessments. We ask business to actively address environmental risks and opportunities, and have major efforts underway with business in the areas of climate, water and food. As a result, we are seeing businesses around the world preparing for a more sustainable future and becoming part of the solution.