Dhaka, Bangladesh (BBN)- The International Chamber of Commerce (ICC), which represents hundreds of thousands of companies in over 120 countries, on June 15 released its "Green Economy Roadmap."
The Roadmap sets out 10 conditions needed to drive growth in a resource-constrained world with strong demographic growth. Among these are:
1. Social, environmental and economic innovation: A green economy is one that is embedded in global markets and balance sheets, and which drives innovation in private and public finance.
2. Collaboration between all sectors of society, business and government.
3. Integrated governance: intra-policy and intra-industry coordination and governance at all levels. Policies that advance economic growth while enhancing environmental protection and social progress, and that are consistent with international trade rules, provide access to finance, promote technology transfer, strengthen capacity and reduces inequality.
4. Balancing short- and long-term strategies: a green economy needs to reconcile the need for short and medium-term pressures/profits with longer-term shared value.
5. Multilateralism. Multilateral approaches across countries and sectors are indispensable in today's globally connected world.
ICC and its member companies, which include global giants as well as small and medium sized companies, such as GE, Siemens, Dow, Tata, Li & Fung,, Bank of America, Bosch, Novozymes, and Inventec believe that business is the critical engine for growth and plays a key role in bringing about sustainable development. As the large private sector representation at Rio+20 shows, business is already engaged, but more effort must be made to give it a seat at the decision-making table.
BBN/SSR/AD-19June12-10:12 am (BST)
