Fairtrade Gold and Precious Metals (Fairtrade Gold) is an initiative that aims to support artisanal and small-scale miners (ASM) and the communities they live in. ASM mining takes place in remote areas and usually involves poor and vulnerable people – including women and children- and is renowned for severe pollution and harsh working conditions. On top of this, ASM miners often lack access to mining rights, along with financial services, technology and market information that can make their work prosperous and reduce environmental impacts.
Green Bonds are investment tools for projects with environmental benefits. The Green Bond Principles (GBP) are voluntary process guidelines that recommend transparency and disclosure in the development of the Green Bond market.
The GBP have four components:
UNEP FI developed the Principles for Sustainable Insurance (PSI) to support a change towards sustainable finance. The PSI is a framework for the insurance industry, primarily for investment management.
Green Globe’s International Standard for Sustainable Tourism V1.7 is a certification scheme that requires tourism agencies and businesses to report on their sustainability performance throughout their supply chains. It is designed to bring a competitive advantage to certified companies and encourage consumer demand for green tourism.
The standards are a collection of over 330 compliance indicators that are applied to 41 individual sustainability criteria - these can be divided into four themes:
The AWS Standard is an international, market-based standard that is designed to guide, incentivise and differentiate responsible water users.
The Standard is designed to achieve four water stewardship outcomes: good water governance, sustainable water balance, good water quality status and healthy status of important water-related areas. In order to achieve these, water stewards - those that implement the Standard - must follow a six-step continual improvement framework. The steps are:
The REDD+ Social and Environmental Standards (SES) are designed to build support for policies and measures implemented by government-led REDD+ programmes and can be applied to all forms of fund-based or market-based financing, so long as the programme also contributes to positive social and environmental outcomes.
The Standards seek to:
SolarCoin is an alternative, digital currency designed to create an incentive to generate solar energy around the world.
The Global Sustainable Tourism Criteria (GSTC) provides the minimum requirements that are designed to simplify and harmonise existing standards for sustainable tourism.
The criteria is based on decasdes of work and experience around the world and involved extensive consultation with stakeholders.
There are 37 criteria covering 4 topics - these are:
The Global e-Sustainability Initiative (GeSI) is a voluntary industry-led initiative that brings together over industry partners to address sustainability in the ICT sector.
Launched in 2001 in partnership with UNEP, the Global e-Sustainability Initiative has 5 main areas of work:
Biodiversity offsets are a form of conditional environmental financing. Like their more well-known cousin, carbon offsets, various parties (e.g. governments, companies or individuals) look to compensate the damage they cause in one location by benefitting bidoversity somewhere else.