Markets working to support sustainable development

Cooperation

Voluntary agreements and standards

International Cocoa Initiative

The International Cocoa Initiative (ICI) is a multi-stakeholder partnership between cocoa companies, labour unions and NGOs with the mission ‘to oversee and sustain efforts to eliminate the worst forms of child labour and forced labour in the growing and processing of cocoa beans and their derivative products’.

It has adopted a programme that:

Region: 
Sector: 

Roundtable for a Sustainable Cocoa Economy

The Roundtable for a Sustainable Cocoa Economy (RSCE) ‘is an initiative for dialogue and sustainability amongst all stakeholders in the cocoa economy.' Members of the RSCE include national members of the ICCO and representatives from industry and civil society.

Members work together to set and implement objectives that are designed to make the cocoa industry sustainable. The objectives are: 

Sector: 

The Ethical Trading Initiative (ETI)

Members of Ethical Trading Intiative (EITI) have to adopt the Base Code for ethical trading and sign up to the Principles of Implementation – these require a company to demonstrate its commitment to ethical trade, to integrate ethical trade into core business activities and drive year-on-year improvements. In addition they should support suppliers through training and capacity building and should report on their activities openly and accurately.

The ETI Base Code Principles are that:

The EU Forest Law Enforcement Governance and Trade (FLEGT) Process in Developing Countries

As part of the FLEGT process, the EU establishes bilateral Voluntary Partnership Agreements (VPAs) with developing countries to guarantee that wood exported to the EU is legal. In addition, the VPA supports partner countries in improving their own regulation and forest governance procedures.

The VPAs includes 3 main elements: 

Sector: 

Better Cotton Standard System

The Better Cotton Standard System was designed by the Better Cotton Intiative (BCI) to entrench sustainable development goals within the global cotton industry, to encourage good practice and to establish better cotton as a sustainable mainstream commodity.

The Standard System defines better cotton through a set of production principles and criteria - these say that better cotton is produced by farmers who:

Sector: 

The OECD Declaration on International Investment and Multinational Enterprises

The Organisation for Economic Co-operation and Development (OECD) declaration is a policy commitment by member governments to: improve the investment climate; encourage Multi National Enterprises (MNEs) contributions to social and economic development; and minimise and resolve difficulties from their operations. The guidelines are supported by a network of National Contact Points (NCP's), agencies established to help governments adhere to the guidelines.

Extractive Industries Transparency Initiative (EITI)

The EITI seeks to set a global standard for transparency in oil, gas and mining and is applicable to national governments. The EITI has a number of principles and indicators that are predominantly centred on improving transparency and accountability in the extractive industries.

The EITI maintains the EITI standard, which was updated in May 2013. Countries implement the EITI Standard to ensure full disclosure of taxes and other payments made by producing oil, gas and mining companies. These payments are disclosed in an annual EITI Report. 

International Council on Mining and Metals (ICMM) Sustainable Development Framework

All ICMM members are required to implement the Sustainable Development Framework. This includes integrating a set of 10 principles and six supporting position statements into corporate policy, as well as setting up transparent and accountable reporting practices.

Principles

United Nations Global Compact

The UN Global Compact  (GC) was launched in July 2000 and is a commitment by companies to incorporating environment and development principles within their business structures. Open to any company, The UN Global Compact is a ‘practical framework for the development, implementation, and disclosure of sustainability policies and practices’.

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