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Private sector trying to improve environmental, social performance says UN report United Nations May 11, 2006 A growing number of business and industry groups are making efforts to improve their environmental and social performance, especially in such fields as global warming, but more still needs to be done, according to a new United Nations report released today. The study, Class of 2006: Industry report cards on environment and social responsibility, coincides with the 14th Session of the UN's Commission on Sustainable Development (CSD) in New York and provides an update on progress across some thirty industry sectors since the 2002 World Summit on Sustainable Development (WSSD). "Four years on from WSSD there are some signs of hope coming from the class of 2006," Ms. Barbut said. "If numbers and statistics are not always available, at least new policies, technologies and programmes have been introduced in a number of instances. The first steps towards measurement of sustainability impact and improved management are being taken.
The challenge today, according to the report, is to speed up progress, doing accountable reporting against corporate responsibility commitments and strengthening engagement of business and industry from rapidly industrializing developing countries. In most cases, significant steps have been taken towards putting policy, programmes, new technologies and reporting systems in place. The report cards were prepared by 45 business and industry organizations and initiatives, including newcomers to the process such as cement, coffee, detergents, mining, paper, postal services, public transport and renewable energy, who volunteered to participate. Four years ago, a UNEP report prepared for the WSSD concluded that there was a growing gap between the efforts of business and industry to reduce their impact on the environment and the worsening state of the planet. The latest report "shows that while more needs to be done, the gap between words and deeds is starting to close," Ms. Barbut said. "The real challenge now is implementation of environmental practices by smaller companies in industrialised countries and strengthened engagement of business and industry from emerging market economies." In a related development, the UN Climate Change Secretariat said today there had been an exponential rise in investment into emission reductions through the UN's Kyoto Protocol, which calls for industrialized countries to reduce their combined emissions of six major greenhouse gases during the five-year period from 2008 to 2012 to below 1990 levels. "The fact that the carbon market is enjoying such remarkable growth is a clear indication of the success of the Kyoto Protocol's flexible mechanisms," the Deputy Executive Secretary of the UN Framework Convention on Climate Change (UNFCCC), Halldor Thorgeirsson, said at the opening in Germany of the Cologne Carbon Expo, the world's largest carbon fair. In addition to implementation of climate-friendly policies at home, the Protocol allows countries to meet their emission targets through the market mechanisms. For example, the clean development mechanism (CDM) allows industrialized countries to generate emission credits or allowances through investment in emission reductions projects in developing countries. "In December 2005, there were 40 CDM registered projects, with 500 in the pipeline," Mr. Thorgeirsson said. "Now we have more than 176 registered projects and approximately another 600 in the CDM evaluation process leading to registration. The numbers speak for themselves." The Kyoto Protocol has 163 Member States, although the United States, accounting for about 24 per cent of global fossil fuel-related carbon dioxide emissions, has not joined. This article is a modified news release from the United Nations. News index | RSS | News Feed Advertisements: Organic Apparel from Patagonia | Insect-repelling clothing |
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