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POLITICAL ECONOMY
CEOs pledge sustainability, urge 'green revolution'
by Staff Writers
Rio De Janeiro (AFP) June 18, 2012

Women march in Rio to protest 'green economy'
Rio De Janeiro (AFP) June 18, 2012 - Thousands of women representing social and farm movements marched in central Rio Monday to rail against the "green economy" advocated by the Rio+20 conference on sustainable development.

Behind a large banner from the international peasant movement Via Campesina proclaiming "the peoples are against the mercantilization of nature", they marched several miles to the Flamengo park, the venue for the "People's Summit" organized by civil society groups on the sidelines of the Rio+20 event.

Several hundred men closed off the march to show their solidarity.

Perched atop a truck fitted with loudspeakers, a female activist howled: "This is a march of urban and rural women against this Rio+20 charade."

"No to green capitalism! Yes to an economy based on solidarity, yes to people's sovereignty," she added.

People's Summit militants view the "green economy" concept touted by organizers of the official Rio+20 gathering as just "another stage of capitalist accumulation" after the failure of the current model.

World leaders are to gather here from Wednesday to Friday to debate how to steer the planet toward a greener and more sustainable future.

"We are out on the streets to give visibility to our world struggle for an end to violence against women, for peace and demilitarization, access to common goods and economic empowerment for women," said 36-year-old Celia Alldridge, a member of the march secretariat who described herself as "half English, half Swiss".

The marchers comprised women of all walks of life, students, rural and indigenous people, some carrying placards reading "women are not meant to be slapped on the face or the buttocks."

Luise Sanuto, an ethnic Tabajara from northeast Brazil, said she faced even greater discrimination as an indigenous person."

"Indigenous peoples are discriminated against and have been shown disrespect since the arrival of the (Portuguese) colonizers" in 1500.


Business leaders gathered at a Rio+20 conference Monday pledged sustainable policies and joined a call for world leaders to usher in "a green industrial revolution" to save the planet.

Two days before a UN summit on sustainable development opens here, 1,200 CEOs wrapped up a four-day meeting with more than 150 voluntary commitments to greater energy efficiency, reforestation and a lower carbon footprint and other green policies.

Forty-five chief executives vowed to make water security a strategic priority and called for decisive action by governments.

"Problems related to water availability, quality and sanitation are undermining development in many regions of the world -- exacting an enormous human cost while also undermining critical life-giving ecosystems," they said.

Signatories include chiefs of global companies such as Pepsico, Coca Cola, Nestle, Saint-Gobain, Royal Dutch Shell, Akzo Nobel, Bayer, Heineken and Pernod Ricard.

Roughly 800 million people around the world lack access to safe drinking water, and 2.5 billion lack basic sanitation, according to the United Nations.

The UN Global Compact, the sponsor of the business forum, said it tallied more than 150 "time-bound, measurable commitments" on which companies are required to report annually.

The commitments centered on the forum's six core themes: energy and climate, water and ecosystems, agriculture and food, social development, urbanization and cities, economy and financing.

US chemicals giant Dupont pledged $10 billion to research and development and announced plans to launch 4,000 new products by late 2020 to produce more food, enhance nutrition and curb food waste.

US technology titan Microsoft vowed to achieve net zero emissions for its data centers, software development centers, software development labs, offices and employee air travel by boosting energy efficiency and buying renewable energy.

Global clothing retailer H&M said it would upgrade to 100 percent sustainable cotton -- organic or recycled -- in its cotton garments while US sporstwear giant Nike set a target of zero discharge of hazardous chemicals across its entire supply chain by 2020.

And South Africa's state-owned utility Eskom and US Duke Energy pledged to assist the development of an electrification roadmap to ensure 500 million people across Africa and developing countries have access to energy by 2025.

The Global Compact, which rejects charges by critics that it is a mere marketing tool for big business, said the commitments will serve as a testing ground.

Meanwhile, former British premier Tony Blair, in a speech screened at the Rio+20 conference, joined other statesmen and corporate chiefs in appealing to world leaders to usher in a "green industrial revolution".

"By the end of the decade, the low carbon market could triple in value to over US$2 trillion," said the signatories of an open letter published on the eve of the G20 and Rio+20 summits.

The letter called for a coordinated policy shift to save the world economy and the climate.

"At a time when government and business leaders everywhere are calling for strategies that deliver growth, we have an historic opportunity before us to lead the world out of recession and into a more stable, sustainable future," the signatories said.

They backed the launch in Rio of a Clean Revolution campaign, a major initiative by the Climate Group and other public and private sector partners for a "green growth" push out of global recession.

The Climate Group works with business and governments around the world to promote clean technologies and policies, with the aim of expanding clean technology markets and reducing global greenhouse gas emissions.

The three-day Rio+20 summit, coming 20 years after the first Earth Summit is expected to bring together 130 world leaders for a fresh appraisal of the health of the planet. But US President Barack Obama, British Prime Minister David Cameron and German Chancellor Angela Merkel will be absent.

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Dutch, Nordic bourses best on sustainability: report
Rio De Janeiro (AFP) June 18, 2012 - Dutch, Danish and Finnish stock exchanges performed best in sustainability disclosures, according a report by the British asset management company Aviva Investors released at the Rio+20 conference Monday.

The report ranks the world's composite stock exchanges, based on disclosure rates and timeliness for seven so-called "first-generation" sustainability indicators: energy, greenhouse gas emissions, water, waste, lost time injury rate, payroll costs and employee turnover.

The Dutch bourse came in first, respectively followed by counterparts in Denmark, Finland, Spain and South Africa.

Brazil, South Africa's fellow member in the BRICs group of emerging nations -- along with China, India and Russia -- came in ninth.

South Africa was credited with the fastest growing disclosure rate, ranking first in five of the seven indicators: water, waste, GHG emissions, employee turnover and lost time injury rate.

Danish companies were found to be the world's most timely reporters on sustainability.

Overall, financial companies had the lowest sustainability disclosure of all industries, ranking last on five of the seven indicators; energy, GHG emissions, water consumption, waste and lost time

The report, titled "Trends in Sustainability Disclosure: Benchmarking the World's Composite Stock Exchanges" and produced in partnership with CK Capital, was released on the sidelines of the UN Rio+20 conference on sustainable development.

The conference is to climax in a summit attended by more than 130 world leaders from Wednesday to Friday.

"Our study shows a clear divergence across exchanges and sectors on the level of disclosure on sustainability issues and growing evidence of a slowdown in the uptake of sustainability reporting practices," said Steve Waygood, chief investment officer at Aviva Investors.

"Investors are increasingly demanding sustainability information from companies to inform their broader decision-making, deepen the quality of market information available and ultimately the quality of our capital markets, so this decline is cause for concern," he added.

Waygood said this offered "a real opportunity for policymakers to step in and define a common set of sustainability indicators."



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POLITICAL ECONOMY
UN environment haggle runs into problems ahead of summit
Rio De Janeiro (AFP) June 18, 2012
Negotiations on a UN blueprint to fix Earth's damaged environment, eradicate poverty and promote green jobs hit snags on Monday two days ahead of a global summit. Brazil wants to seal a deal swiftly to ensure that a three-day gathering, aimed at reviving the momentum of the 1992 Earth Summit, is not wrecked by squabbles. But delegates attending the UN Conference on Sustainable Developmen ... read more


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