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Key Points
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Comparison to WEF Code of Conduct, Mission, Principles
WEF Code of Conduct
- The World Economic Forum adheres to the principles of independence, impartiality, moral integrity and intellectual integrity.
WEF Mission
- The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.
- Our activities are shaped by a unique institutional culture founded on the stakeholder theory, which asserts that an organization is accountable to all parts of society. The institution carefully blends and balances the best of many kinds of organizations, from both the public and private sectors, international organizations and academic institutions.
- how well does WEF actually adhere to its own mission? what stakeholder groups actually have representation? how?
WEF Principles
- Strengthen global cooperation
- advance long-term security and humanitarian objectives for SDG 16
- Advance peace and security
- promote good governance, strong institutions and social cohesion.
- Re-globalize equitably
- new global social contract .. that.. reduces inequity and addresses debt burdens globally.
- Promote gender equality
- prevent gender-based violence and discrimination .. respect of women’s human rights.
- Rebuild sustainably
- measures should advance .. practices ... consistent with 2030 Agenda for Sustainable Development.
- need to create a sustainable, inclusive and climate-resilient future.
- raise the trillions of dollars in investments that are needed.
- Deepen public-private partnerships
- funding for innovation and .. direct resources towards education, infrastructure, technology and humanitarian priorities.
- Increase global resilience
- better global trading systems
- better global trading systems
Comment on WEF Principles
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climate-2023-UN-IPCC_AR6_SYR_SlideDeck.pdf link
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UNESCO: François Wibaux, f.wibaux@unesco.org, +33145680746
World Water Assessment Programme
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UN-water-unesco.org-Groundwater making the invisible visible.pdf file
Groundwater accounts for 99% of liquid freshwater on Earth and is the source of one quarter of all the water used by humans. Large volumes of fresh groundwater are present below ground surface and distributed over the entire globe; however, this volume of freshwater is irregularly distributed over the continents.
An easy and open access resource to numerous people, leading to common pool characteristics, groundwater offers tremendous opportunities to society for gaining social, economic and environmental benefits and its contribution to satisfying our demand for water is considerable.
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Potential Value Opportunities
International Chamber of CommercePrinciples for Sustainable Trade Finance: A New Benchmark for Green Trade
🔍 Key Highlights:
1. A Comprehensive Approach to Green Trade Finance (GTF): The PSTF outlines principles for Green Trade Finance, aligned with theLoan Market Association (LMA)'s Green Loan Principles (GLPs). It allows banks to assess the sustainability of transactions not only by project-based evaluations but also by the nature of the goods financed. This dual approach ensures that both the purpose of financing and the nature of goods align with green activities.
2. Reducing Greenwashing Risks: The ICC’s framework emphasizes the importance of consistent use of proceeds and robust evidencing. This is crucial to ensure that green-labeled products are genuinely sustainable, thereby channeling capital to activities that support environmental goals.
3. Sustainability-Linked Trade Finance: Building on the LMA's Sustainability-Linked Loan Principles, the ICC provides guidance tailored for trade finance, offering clarity on how to link sustainability performance targets (SPTs) with trade finance products. This ensures that sustainability-linked products drive genuine improvements in corporate sustainability practices.
4. A Future-Focused Perspective: While the document primarily covers Green Trade Finance, it also sets the ambition for future principles around Social Trade Finance. This holistic approach aims to balance environmental and socioeconomic considerations, paving the way for a more inclusive and sustainable trade finance ecosystem.
5. Supporting Data and Reporting: The PSTF emphasizes data-driven assessments and standardized reporting, aligning with theICMA - International Capital Market Association’s Green Bond Principles. Banks are encouraged to maintain transparency in tracking the sustainability of financed goods, ensuring that reporting practices are rigorous yet adaptable to the nature of trade finance products.
exporters-compile-traceability-proofs-of-land-to-comply-with-eus-new-deforestation-regulation/amp_articleshow
Indian exporters are putting together traceability proofs such as geolocation coordinates of plots of land and details of their entire supply chain as they gear up to comply with the European Union's new regulation on deforestation.
The EU Deforestation Regulation (EUDR) requires firms to ensure that products exported to the EU have been grown on land which has not been deforested after December 31, 2020.
Effective, efficient measurement of environmental products
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The AMOC brings warm water north and east from the Caribbean, while delivering colder Arctic water south. If it were to suddenly shut down, scientists believe North America would experience weather changes such as more severe hurricanes and northern Europe would get a lot colder.
In recent years, studies have shown that the current is at its weakest in 1,000 years. Although scientists are not certain why, several studies have attributed that weakening to an influx of fresh water from the melting of Arctic sea ice, including the Greenland ice sheet, and increasing precipitation — both of which are results of global warming.
The AMOC is driven by heavier cold water sinking, which raises warm water to the surface, but since fresh water is lighter than salt water, it has reduced the tendency of colder water near the surface to sink.
an AMOC collapse would have wide-ranging effects including increased sea level rise in the Atlantic, a drop in precipitation over Europe and North America,
at the end of the last ice age, when studies suggest a “flood of freshwater spilled into the Atlantic, halting the AMOC and plunging much of the Northern Hemisphere — especially Europe — into deep cold” that lasted 1,000 years.
AMOC Atlantic current collapse will bring instant climate changes - 2024 yahoo
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https://www.yahoo.com/news/greta-thunberg-her-gen-z-070000637.html
In January 2020, for example, Greta Thunberg and a group of other leading “youth climate activists” co-wrote a scathing public statement in which they declared that, when it comes to the climate, “Young people are being let down by older generations and those in power.”
according to a fascinating new poll by YouGov, the old actually seem to be doing more to tackle climate change than the young.
In the poll, those aged 18-24 claimed to be the most worried about climate change. When it came to doing something other than moan, however, it was a different story. Almost 90 per cent of the over-65s said they recycled “as much as possible”, compared with only half of the young. The old were also more likely to save water, turn down the heating, wash their clothes at low temperatures, buy locally produced food, avoid excessive packaging, buy energy-efficient appliances, switch off the lights when leaving a room, and repair things rather than throw them away. On top of that, more of them had cut down on the number of flights they took.
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