World Business Council for Sustainable Development
The World Business Council for Sustainable Development (WBCSD) is an initiative that aims to create a sustainable framework for the global business community.
Created in 1992, the WBCSD serves as a forum for 200 member companies from all sectors (with a combined capital of 7 trillion $) to share and develop best practices and innovative tools for the purpose of achieving sustainable development. A network of 60 national and regional business councils and partners, mostly in developing countries, form the core of the WBCSD.
Moving to a sustainable economy, advocating progress and delivering results are the main drivers of the WBCSD, which aims to catalyse collective action for a sustainable world.
The Council focuses on four key areas:
- Energy and Climate
- The Business Role
WBCSD's Vision 2050 is a call for a new agenda on sustainable development. Ensuring the 9 billion inhabitants of the Earth live, by 2050, with respect to social equity, viable economies and a healthy environment constitute the core components of this report. Vision 2050 is the result of a collaboration between 29 global leading business companies and the dialogues of more than 200 companies and stakeholders of 20 countries.
Some of the central components to make the planet sustainable and which will serve as a basis for dialogue and debate between stakeholders, include:
- Incorporating the costs of externalities, starting with carbon, ecosystem services and water, into the structure of the marketplace.
- Doubling agricultural output without increasing the amount of land or water used.
- Halting deforestation and increasing yields from planted forests.
- Halving carbon emissions worldwide (based on 2005 levels) by 2050 through a shift to low-carbon energy systems.
- ↑ World Business Council website
- ↑ The World Business Council for Sustainable Development (WBCSD)Business Research Plus
- ↑ World Business Council for Sustainable Development. Vision 2050