Markets working to support sustainable development

Europe

ICMM: Partnerships for Development

The Verified Carbon Standard (VCS)

The Verified Carbon Standard (VCS) (Version 3, 2011) is a Greenhouse Gas Programme, describing itself as a ‘comprehensive quality assurance system used to account for greenhouse gas emission reductions and credits’. It applies to offset projects in the voluntary carbon trading sector and was established by the Verified Carbon Standard Association (VCSA).

SOCIALCARBON

SOCIALCARBON (Version 5, 2013) is a complementary standard that certifies carbon reduction projects for their contributions to sustainable development. It is applied to lots of different projects that have already achieved certification for their carbon reduction/avoidance activities - from small ones such as income generation intiatives for local communities, to large one including hydroelectric plants. 

The aims of the standard are to: 

Gold Standard

The Gold Standard is a set of criteria for certifying carbon offset projects and the carbon credits that they produce, focusing on energy efficiency, renewable energy, waste management and land use/forest projects. In addition, the Gold Standard Foundation are developing methodologies for water certification.

Sector: 

WWF Global Forest & Trade Network

Established in 1991, the Global Forest & Trade Network (GFTN) is a partnership between different actors in the timber supply chain committed to ensuring a sustainable forest sector, including more than 300 companies, NGOs, communities and entrepeneurs. 

Sector: 

Ceres Coalition and Principles

The Ceres Coalition of investors, environmental organisations and other public interest groups states it’s mission as: ‘Integrating sustainability into capital markets for the health of the planet and people’. The coalition includes many Fortune 500 companies and is involved in improving the dialogue between multiple stakeholders through engagement and disclosure.

Responsible Care

Responsible Care is a voluntary initiative in the chemical industry which ‘commits companies to work together to continuously improve the health, safety and environmental performance of their products and processes’.

It is managed by the International Council of Chemical Associations (ICCA) which is a membership organisation made up of national associations. Each of the national associations are responsible for implementing the principles of Responsible Care in their countries. 

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:

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