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World Business Council for Sustainable Development

The World Business Council for Sustainable Development (WBCSD) is a CEO-led organization of over 200 international companies[3]. The Council is also connected to 60 national and regional business councils and partner organizations.[4]

World Business Council for Sustainable Development
WBCSD logo 75 dpi for web.png
Founded1992 [1]
FounderStephan Schmidheiny
FocusSustainable Development
Location
Area served
Global
Key people
Sunny Verghese (Chairman) [2] Peter Bakker (CEO & President)
Employees
80
Websitewww.wbcsd.org

Its origins date back to the Rio de Janeiro Earth Summit of 1992,[1] when Stephan Schmidheiny, a Swiss business entrepreneur, was appointed chief adviser for business and industry to the secretary general of the United Nations Conference on Environment and Development (UNCED).[5] He created a forum called "Business Council for Sustainable Development", which went on to become Changing Course, a book that coined the concept of eco-efficiency.[6]

The WBCSD was created in 1995 as a merger of the Business Council for Sustainable Development and the World Industry Council for the Environment[7] and is based at the Maison de la paix in Geneva, Switzerland,[8] with offices in New York and New Delhi.

Contents

OperationsEdit

The Council works on a variety of issues related to sustainable development. It works to achieve the Sustainable Development Goals (SDGs) through the transformation of six economic systems. These are circular economy[9], Cities and Mobility[10], Climate and Energy[11], Food, Land and Water[12], People[13] and Redefining Value[14]. Each system transformation is set up as a WBCSD Program with a number of supplementary Projects[15].

Impact and influenceEdit

A 2003 World Bank/IFC commissioned study identified the WBCSD as one of the "most influential forums" for companies on corporate social responsibility (CSR) issues.[16] A 2004 Globescan survey found the WBCSD as the second most effective SD research organization.[17] The 2006 survey by the same company reports that 54% of all surveyed experts believe the WBCSD will play a "major role" in advancing sustainable development. Only the European Union received higher approval (69%).[18]

In the 2007's Ethisphere Institute list of the 100 Most Influential People in Business Ethics, WBCSD President Bjoern Stigson has been ranked 9th, which made him the 2nd most influential NGO leader.[19]

MembershipEdit

Membership of the WBCSD is by invitation of the Executive Committee to companies committed to sustainable development. Among its over 180 members[20] are well-known companies such as DuPont, 3M, Nestlé, BP, Danone and Royal Dutch Shell. WBCSD provides its members with the value, impact and voice to navigate unprecedented global changes and allows them to prosper from transforming their operations. By joining the WBCSD, member companies benefit from insights into the latest knowledge on sustainability, sustainability tools, peer collaboration across the value chain, participation in policy development and a chance to profile their sustainability work[20].

Member companies pledge their support and contribution to the WBCSD by making available their knowledge and experience, and appropriate human resources. They are asked to publicly report on their environmental performance and to aspire to widen their reporting to cover all three pillars of sustainable development - economic, social and environmental.

A key element is the personal commitment of the Chief Executive Officers (CEOs), acting as Council Members. They are influential advocates for the WBCSD’s policy positions and they co-chair the working groups. They also organize support for the WBCSD’s work program and ensure the adoption of sustainable management practices within their companies.

ForéticaEdit

Forética claims to be global network of Spanish speaking businesses and professionals whose mission is to promote an ethical management and corporate social responsibility by the establishment of a National standard in Spain known as SGE-21, (sistema de gestación ética para siglo 21) which is also Annex 1 to ISO 26000 and supported by CSR Europe [21] Membership is said to around 400 and includes companies of all sizes and sectors, as well as individual specialists, professionals and academics and it was incorporated into WBCSD on 2 September 2014 [22]

GovernanceEdit

The WBCSD is a member-led organization governed by a Council composed of the Council Members of its member companies. The Council elects the Executive Committee, including the Chairman and four Vice Chairmen. Past chairmen include:

Geographic balanceEdit

Most of WBCSD's member companies are headquartered in Europe (47%). 22% member companies are headquartered in Asia, 22% in North America and 5% in Latin America. The geographically least represented regions are Africa, Australasia and the Middle East with 1% each.[20]

ControversiesEdit

According to Greenpeace the World Business Council for Sustainable Development is among the key players responsible for holding the world societies from tackling the climate change and energy management challenges for the past 20 years. The WBCSD Executive Committee was dominated by the largest nonrenewable energy and carbon-intensive companies in the world at least until 2011. According to Greenpeace the WBCSD executive committee has been a ‘Who’s Who’ of the world’s largest carbon-intensive companies.[23]

The Sierra Club has collaborated with the World Business Council on a number of initiatives, as well as inviting its representatives to speak at Sierra Club events.[24][25] The Environmental Defense Fund recommends the World Business Council's auditing methods to companies seeking to reduce greenhouse emissions,[26] and the Natural Resources Defense Council has drawn upon WBCSD guidelines in drawing up their own guidelines for determining biofuels sustainability.[27] The WBCSC's Vision 2020 report was highlighted by The Guardian as "the largest concerted corporate sustainability action plan to date – include reversing the damage done to ecosystems, addressing rising greenhouse gas emissions and ensuring societies move to sustainable agriculture."[28]

ReferencesEdit

  1. ^ a b "World business council for sustainable development". usbcsd.org.
  2. ^ "Sunny Verghese appointed as WBCSD Chair from 2018". World business council for sustainable development. Retrieved 6 December 2018.
  3. ^ "About us". World business council for sustainable development. Retrieved 2018-11-19.
  4. ^ "World Business Council for Sustainable Development - WBCSD". Genève Internationale. Retrieved 2018-11-28.
  5. ^ "Memo to Rio+20: 'green economy' doesn't mean monetising nature". The Guardian.
  6. ^ "Eco-Efficiency". Smart Communities Network: Sustainable Business. Archived from the original on March 4, 2016.
  7. ^ "THE ICC & THE ENVIRONMENT". archive.corporateeurope.org.
  8. ^ "World Business Council for Sustainable Development". knowledge.sagepub.com.
  9. ^ "Circular Economy - World business council for sustainable development". World business council for sustainable development. Retrieved 2018-11-28.
  10. ^ "Cities and Mobility". World business council for sustainable development. Retrieved 2018-11-28.
  11. ^ "Energy & Circular Economy". World business council for sustainable development. Retrieved 2018-11-28.
  12. ^ "Food, Land & Water". World business council for sustainable development. Retrieved 2018-11-28.
  13. ^ "People". World business council for sustainable development. Retrieved 2018-11-28.
  14. ^ "Redefining Value". World business council for sustainable development. Retrieved 2018-11-28.
  15. ^ https://docs.wbcsd.org/2018/11/Value.Impact.Voice.pdf
  16. ^ "Cover Letter Template". Resourcesaver.org. Retrieved 6 December 2018.
  17. ^ "2004 Globescan Survey of Sustainability Experts" (PDF). Retrieved 6 December 2018.
  18. ^ "Cambridge Sustainability Research Digest" (PDF). Retrieved 6 December 2018.
  19. ^ 100 Most Influential People in Business Ethics Archived 2012-02-10 at the Wayback Machine
  20. ^ a b c "Our members". World business council for sustainable development. Retrieved 2018-12-06.
  21. ^ "Welcome to www.csr-supplychain.org". www.csr-supplychain.org. Retrieved 6 December 2018.
  22. ^ "Leading Spanish think-tank Forética joins WBCSD's Global Network". Retrieved 6 December 2018.
  23. ^ Who's holding us back?Full report November 23, 2011 page 9
  24. ^ "Calendar | Sierra Club".
  25. ^ "Austin Sierra Club monthly meeting | Austin EcoNetwork".
  26. ^ "www.edf.org" (PDF).
  27. ^ "Biofuel Sustainability Performance Guidelines" (PDF). Retrieved 2015-11-12.
  28. ^ "World Business Council for Sustainable Development: Vision 2050 | Guardian Sustainable Business | The Guardian".

External linksEdit