Markets working to support sustainable development

Manufacturing

Manufacturing including machinery, chemical and textiles

EU Organic

In order to give consumers confidence when buying organic food, all products that are labelled organic in the EU fall under Council Regulation (EC) No. 834/2007.

As part of the regulation, only food that meets certain strict criteria can be labelled organic - these are:

  • at least 95% of the product's ingredients of agricultural origin have been organically produced;

  • the product complies with the rules of the official inspection scheme;

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Climatop

Using Life Cycle Analysis (LCA) products are carbon footprinted from production through to disposal. Carbon footprinting is undertaken and audited by an independent third party organisation to ISO14040 standards.

Products can display the climatop label if their carbon footprint is relatively (at least 20%) lower than ones of a representative reference group, as well as complying with a set of environmental, social and ethical requirements. Products are allowed to display the label for 2 years before they are reassessed.

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The Carbon Trust Carbon Reduction Label

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.

Green Watch

The Green Watch program entails the collection of information regarding the environmental performance of companies which are then graded using a colour coding system. This information is then publicly distributed to remove information asymmetries between polluters and groups such as consumers and citizens, hopefully resulting in polluters changing their behaviour.

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Industrial EcoWatch

The Industrial EcoWatch has two primary objectives:To promote mandatory self-monitoring and compliance with environmental standards and to encourage voluntary self-regulation among establishments for improved environmental performance by:• encouraging pollution-reduction beyond compliance through public recognition and praise, and• creating incentives for dischargers and/or producers.To build or enhance the capability of establishments and/or their associations for self- regulation by:• developing internal environmental management systems, and• promoting the use of international environment

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Global Reporting Initiative (G4)

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.

CDP

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: 

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TruCost

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:

RepuTex

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Carbon and ESG Indexes in Australia, Hong Kong & Mainland China

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. 

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