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’.
The Soil Association Organic Certification scheme certifies a range of products as organic, according to the EU standards. Accordingly, every step of the production chain must be certified as organic in order to achieve accreditation. The range of organic products now being offered extends from farming, catering, food & drink, textiles & health and beauty. The Soil Association also runs a separate wood certification scheme in conjunction with the Forestry Stewardship Council (FSC).
The National Organic Program (NOP) details both production and labelling standards for 'organic' products produced and sold in the USA. Agricultural products labelled as organic must originate from farms or handling operations certified by a USDA accredited entity (State or private).
Production Standards - Crops raised without:
The Carbon Reduction Label uses carbon foot printing to measure and display the total greenhouse emissions of a product. Products are labelled with a gram/CO2 figure. This is designed to increase the availability of information about the product to consumers and aid their purchasing decisions.
The Global Reporting Initiative's (GRI) declared mission is to promote sustainability reporting so that it is of an equivalent standing to financial reporting in rigour, comparability, auditability and general acceptance.
The CDP (formerly known as Carbon Disclosure Project) is a non-profit organisation that works with market forces to disclose their impact on the environment. In this, CDP claims to motivate action to prevent climate change and protect natuarl resources.
As part of its mission, CDP has 6 programs - these are:
TruCost is a sustainability reporting MGM that helps organisations to measure and manage the environmental impacts associated with their operations, supply chains and investment portfolios. As part of this, they collect data on carbon, water, waste, metals and chemicals. But they don't only focus on reporting on the physical environmental impact in quantitative terms; they also place a monetary value on any impacts found.
The services supplied by TruCost help its clients to:
There are two distinct parts of the business; carbon analytics and data for Australian companies interested in emissions data and carbon emissions trading, and Environment, Social, and Governance performance indicator data for mainland China and Asia.
The FTSE 4 Good Index Series are a number of multi-criteria performance metrics developed by FTSE 4 Good. The project began with the FTSE 4 Good UK and European indicies, which track companies' performance towards social, environmental, and governance indicators responsibility standards. Now the FTSE 4 Good has expanded its range of indices to include other regions (e.g. Australia; added in 2008) industries that were previously excluded outright (e.g. infant formulas, 2010; and uranium extraction, 2006).
The Dow Jones Sustainability Indices comprise a number of indices all focused around the same methodology covering leading companies in markets across the globe in terms of sustainability performance.