Monday, July 23, 2007

CEOs Sign Numerous Environmental Pledges At Global Compact Summit


A flurry of press releases have come out of the Global Compact leaders Summit that’s finishing up in Geneva.

Top executives of corporations such as Coca-Cola, Petrobras, Fuji Xerox, China Ocean Shipping Group, Tata Steel, L M Ericsson and Banco Bilbao Vizcaya Argentaria adopted the 21-point Geneva Declaration (PDF), which spells out actions for business, governments and United Nations Global Compact participants.

Through the Caring for Climate platform (PDF), CEOsof 150 companies from around the world - including 30 from the Fortune Global 500 - pledged to speed up action on climate change and called on governments to agree as soon as possible on Kyoto follow-up measures to secure workable and inclusive climate market mechanisms.

The CEOs of six corporations - The Coca-Cola Company, Levi Strauss & Co., Läckeby Water Group, Nestlé S.A., SABMiller and Suez - urged their business peers everywhere to take immediate action to address the global water crisis. They launched The CEO Water Mandate (PDF), a project designed to help companies to better manage water use in their operations and throughout their supply chains.

See full Article.