Commission on Sustainable Development 15th session, 11 May 2007

Sectors : Industry, Investment, Financial Institutions, markets, services and microfinance, Energy, Environmental degradation and natural resource management
Organisation : UN
Date made: 
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Commitments in: Private Sector development and financial services for the poor - Industry

“23. Take actions to:
(a) Formulate national policy frameworks, including legislation and regulations, as appropriate, to create an enabling environment for sustainable industrial development and diversification, private sector investment, and enhanced domestic environmental governance, and the adoption of improved environmental management practices and environmentally sound technologies;
(b) Enhance the mobilization of technical and financial resources for basic infrastructure to facilitate sustainable industrial development in developing countries;
(c) Support technological upgrading for sustainable industrial development, including, inter alia, through existing national and international investment funds, building the capacity of standards, testing and certification bodies, and stronger industry-academia collaboration on research and development;
(d) Enhance efficient and sustainable use by industry of natural resources and energy, sound chemicals management, pollution reduction, waste minimization and recycling and reuse, including, as appropriate, through the provision of financial and technical assistance, in particular to developing countries;
(e) Strengthen business capacity, in particular for small and medium-sized enterprises and in particular in developing countries and countries with economies in transition, to address unsustainable industrial practices and to implement supportive management approaches, including through better access to loan and credit programmes, and financial and technical support for cleaner production programmes and centres, such as the United Nations Industrial Development Organization/United Nations Environment Programme cleaner production centres, and universities and other institutions of higher learning;
(f) Invite business and industry to improve social and environmental performance through voluntary innovative management and reporting practices, including, inter alia, environmental management system approaches, and taking into account other relevant agreements and guidelines on sustainable development, such as the Global Reporting Initiative, using where appropriate science based approaches such as life-cycle analysis for innovative sustainable product development processes;
(g) Invite the development and adaptation of voluntary public-private corporate environmental and social responsibility and accountability initiatives that take into account the International Labour Organization Declaration on Fundamental Principles and Rights at Work,n including, inter alia, the Global Compact;o
(h) Promote sustainable patterns of consumption and production by all countries, with developed countries taking the lead and with all countries benefiting from the process, including, inter alia, through the three Rs initiative (reduce, reuse, recycle), education and awareness-raising to encourage lifestyle changes and through intensifying research on and adaptation of resource-efficient technologies, and technological innovation and cooperation, taking particularly into account the needs and capabilities of developing countries;
(i) Promote sustainable tourism, including ecotourism and, in this regard, support efforts of developing countries, including in least developed countries, landlocked developing countries and small island developing States;
(j) Encourage closer cooperation and dialogue among government, local authorities, business and industry, the scientific and technological community, workers and trade unions, farmers, non-governmental organizations, women, youth, indigenous people and local communities and other key stakeholders in order to promote effective voluntary business and consumer actions to enhance sustainable consumption and production, as well as full, freely chosen and productive employment and decent work;
(k) Enhance sustainable utilization and management of marine resources, fisheries based on coral reef ecosystems, aquaculture industries and seafood processing, and support efforts of developing countries in this regard, especially in small island developing States.”


Commitments in: Private Sector development and financial services for the poor - Investment

Means of implementation
25. Take actions to:
(a) Encourage investment in new and more efficient production facilities and products and the adoption and use of cleaner technologies;
(b) Strengthen investment in capacity-building, in particular in developing countries and in countries with economies in transition, as appropriate, education and skills development to enhance the industrial skill base, to improve employment and entrepreneurship opportunities for women and youth on a non-discriminatory basis, and to reduce any negative social impacts, when applicable, related to industrial restructuring;
(c) Promote innovation and entrepreneurship by enhancing access to credit, including microfinancing, by small-scale entrepreneurs, to support involvement of, inter alia, women, youth and local communities in industrial business activities.


Commitments in: Infrastructure - Energy

21. Take actions to:
(a) Mobilize financial resources, including from the public and private sector, increased official development assistance, microcredit and innovative funding for renewable energy, energy efficiency, cleaner fossil fuel and other energy;
(b) Create a positive investment climate at all levels to attract private capital for energy projects;
(c) Encourage transfer and dissemination of cleaner energy technologies, including advanced, cleaner fossil fuel technologies;
(d) Encourage the development of carbon capture and storage and enhanced oil recovery technologies with developed countries accelerating their development in contributing to the reduction of greenhouse gas emissions;
(e) Increase investments and strengthen public/private partnerships in research and development to develop the new, advanced energy technologies, including cleaner fossil fuel technologies;
(f) Support and promote the use of cleaner liquid and gaseous fossil fuels, including through creating appropriate investment conditions for liquefied natural gas and gas-to-liquid trade, and develop the global liquefied natural gas/gas-toliquid market to increase access to cleaner forms of fossil fuel energy;
(g) Promote foreign direct investment for the development of the resource base, including fossil fuels, sustainable production and use of biofuels and other renewable sources of energy;
(h) Support the establishment and further development of energy service companies through capacity-building at the national level;
(i) Encourage international financial institutions to increase their funding in developing countries to improve energy efficiency in local and national electricity grids, including through reduction of electricity losses in transportation and distribution networks.”