The charter, which will be launched at the One Planet Summit in Paris on Monday, seeks to protect the world’s natural resources and accelerate the transition to a greener future. It contains nearly 100 actions that businesses can take, including a commitment to achieve net emissions by 2050 or earlier and the protection of natural ecosystems.
“I can only encourage those in industry and finance to give practical guidance to this joint project, because only they are able to harness the innovation, scope and resources needed to transform our world economy,” Charles said. in a statement.
“What good is a web site if it simply” blends in “with everything else out there, ” he said in an exclusive interview with CNN. during the annual gathering of the global elite.
On that occasion, he launched the Sustainable Markets Initiative (SMI), chaired by Brian Moynihan, CEO of the Bank of America, to put people and the planet ‘at the core of global value creation’.
The Terra Carta serves as the “leading mandate” of the SMI, according to a statement issued by the SMI on Monday. It will be updated annually over the next ten years.
One of the initiatives arising from the charter is an alliance in the private sector what aim to invest $ 10 billion in “natural capital” by 2022, including regenerative farming and biofuels.
This will send money to businesses that are trying to harness or retain the power of nature, such as those that use nature-based materials or use no waste strategies. It will also seek to capitalize on the growing number of businesses investing in sustainable development projects to offset carbon emissions and achieve net zero targets.