Markets working to support sustainable development

North America

Global e-Sustainability Initiative (GeSI)

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:

LEED Green Building Certification System

Leadership in Energy and Environmental Design (LEED) is a 3rd party certification system for ‘green buildings’ and can be applied to any building type.

It provides a framework for identifying and implementing green building design, construction and management by focusing on seven key areas:

Sector: 

Biodiversity offsets (Conservation Banking)

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. 

REDD+ Partnership

Reducing Emissions from forest Degradation and Deforestation (REDD) is a policy measure for mitigating climate change caused by loss of carbon in forest ecosystems. It uses a carbon emissions-offsetting structure that places an economic value on the safeguarding of forest carbon stocks and provides an incentive for investment in sustainabiity. 

About REDD+

At the UNFCCC conference in Poznan, Poland, negotiators reached a consensus that REDD activities should be broadened. The original two aims were to:

Sector: 

ISO 14064-9 Standards

The International Standards Organisation has developed a series of standards that specify principles and requirements for organisations involved in greenhouse gas emission reporting. The ISO standards can be seen as guiding protocols providing general guidelines for the development of other programmes or standards.

The ISO standards relevant to GHG emissions are:

Global Environment Fund

The Global Environment Fund  is an investment firm deticated to the energy, environment and natural resource sectors and it is a signatory on the United Nations Principle for Responsible Investing. In it's pursuit of sustainability and well-placed capital, it works to uphold standards in three areas - these are: 

Sector: 

WTO Agreement on Sanitary and Phytosanitary Measures (SPS)

The World Trade Organisation (WTO) aggreement on Sanitary and Phytosanitary Measures (SPS) seeks to ensure that member-states do not implement food safety policies and health measures that create obstacles for free trade. 

The agreement looks to reconcile two positions:

WTO Agreement on Technical Barriers to Trade (TBT)

The World Trade Organisation (WTO) Agreement on Technical Barriers to Trade (TBT) looks to limit the negative impact that some regulations and standards may have on free trade, while also allowing members the right to implement legitimate policy objectives including the protection of fauna and flora.

The overarching goal of the aggreement is therefore ensure that ‘unnecessary obstacles to trade’ are avoided. Such obstacles may  include:

Global Environment Facility (GEF)

The Global Environmental Facility (GEF) is an independent financial organisation that invests in projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants. 

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