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Home / News-archive / The role of businesses in reducing pollution and mitigating climate change – The Global Environmental Management Initiative

The role of businesses in reducing pollution and mitigating climate change – The Global Environmental Management Initiative

by Lorenzo Spiller
Businesses and multinationals indeed play a crucial role in setting out standards and best practices to be implemented at a global scale in relation to pollution reduction and climate change mitigation. 
The transition towards sustainable development requires a significant flow of investments which national governments and the international public sector in general cannot afford to deliver. In this respect, the definition of standards and best practices to be adopted by managers and executives while implementing the business of their companies, especially if transnational, may ensure more transparency in the decision-making process and facilitate the relationship between private and public sector, both at the national and international level.
Among the numerous initiatives aimed at setting out international standards for sustainable and environmentally-friendly businesses, the Global Environmental Management Initiative, an organization leading companies dedicated to fostering global environmental and sustainable excellence, consisting of companies from 22 business sectors, with more than $915 billion in sales and more than 2.5 million employees in countries throughout the world, is working to develop a simple framework that companies and industry stakeholder groups can use to guide the process for engaging suppliers regarding sustainability, advance strategic collaborations and promote increased alignment across industry-focused supply chain sustainability initiatives. Such framework, which has the potential to be recognized as an international standard for effectively define evaluate sustainable supply chains, is being implemented through and ad hoc  “Supply Chain Sustainability Working Group”, which lastly reunited in Charlotte, USA in November 2017, and is increasingly gathering the interest of companies and business associations which are not member of the Global Environmental Management Initiative. Such project is poised to continue in the coming months of 2018 in order to reach a common agreement on a set of rules and standards which will hopefully be recognized at international level and may be used as benchmark by governmental organizations and policy makers.
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