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:
The Climate Bond Standard is designed to ensure that climate and green bonds are being used to deliver climate change solutions
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:
Fashion Loved by Forest is a mechanism that unites 20 clothing brands that are committed to sustainability in their supply chains. As part of this, they agree to eliminate materials sourced from ancient and endangered forest, including all their rayon and viscose clothing.
The aim is to help tackle supply chain transparency and, in doing so, send a powerful signal to the logging and pulp sectors that market demands are shifting towards sustainable alternatives.
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: