||Businesses should support a precautionary approach to environmental challenges
||Undertake initiatives to promote greater environmental responsibility; and
||Encourage the development and diffusion of environmentally friendly technologies.
The world today is facing unprecedented, interconnected environmental challenges in areas including climate change, water, energy, biodiversity and agriculture. With business relying on natural resources directly and via supply chains, new corporate efforts are needed to address environmental responsibilities, value natural capital, and better understand the linkages between resources.
To prepare for this increasingly challenging landscape, the Global Compact’s work on environment is designed to help companies develop a holistic and comprehensive strategy. It recognizes the growing linkages among various environmental issues – climate, food, water – as well as their connections to social and development priorities.
The Global Compact pushes companies to move beyond traditional approaches based largely on compliance and narrow risk assessments. We ask business to actively address environmental risks and opportunities, and have major efforts underway with business in the areas of climate, water and food. As a result, we are seeing businesses around the world preparing for a more sustainable future and becoming part of the solution.
UN Global Compact implement the third pillar of UN Global 10 Principles involving Principles 7,8, and 9. These principles are derived from the Rio Declaration on Environment and Development