There can be no doubt that climate awareness and pressure is mounting, at least amongst developed nations; the Paris Agreement and latest COP summit have served to raise the topic amongst environmentally conscious businesses and consumers. Companies involved in global trade and for whom sustainability is a core part of their ethos, are also becoming more educated as to the scale of carbon emissions in international trade and how that impacts the climate crisis.
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The United Nations Conference on Trade and Development (UNCTAD), a UN body responsible for dealing with development issues, particularly international trade, lays out a number of Sustainable Development Goals (SDGs) in its 2030 Agenda for Sustainable Development. This framework is essentially a global plan to address three pillars of sustainable development, namely economic, social and environmental; successful implementation will require unprecedented cooperation among all actors at national and international levels i.e. private sector and civil society.
The 2030 Agenda for Sustainable Development acknowledges that global trade has served to lift millions out of poverty and remains a significant engine for inclusive economic growth and poverty reduction, whilst also enabling the achievement of SDGs.
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The United Nations Conference on Trade and Development (UNCTAD), a UN body responsible for dealing with development issues, particularly international trade, lays out a number of Sustainable Development Goals (SDGs) in its 2030 Agenda for Sustainable Development. This framework is essentially a global plan to address three pillars of sustainable development, namely economic, social and environmental; successful implementation will require unprecedented cooperation among all actors at national and international levels i.e. private sector and civil society.
The 2030 Agenda for Sustainable Development acknowledges that global trade has served to lift millions out of poverty and remains a significant engine for inclusive economic growth and poverty reduction, whilst also enabling the achievement of SDGs.
of energy used by global transport supplied by Petroleum
of all transport-related CO2 emissions are from freight
increase in C02 emissions in Africa, predicted by ITF
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Sustainability has become a huge topic and focus for many consumers and businesses alike. We have witnessed in recent years the emergence of the socially conscious consumer who actually cares about issues like human rights and eliminating slavery; and who would rather pay a premium for a product that protects nature than a lower price for one that contributes to its destruction. We also know that at some point ‘carrot’ will give way to ‘stick’ and regulation will become more stringent with associated fines to enforce compliance. SMEs should be using this time to get ahead of the game, and place sustainability at the forefront of their business agenda.
This is where the Global Trade Department’s Trade Sustainability Assessment can assist. When evaluating your company’s sustainability, we look at four key areas: environmental impact, social impact, economic impact, and governance; and importantly your company’s stance, strategy, and activity across these areas both domestically and globally. We use a proprietary framework of metrics e.g. within environmental we consider carbon or sustainability reporting, attempts to use renewable energy sources, etc. whilst with social we look at ethical supply, diversity, etc. and much, much more.
Assessments are conducted remotely over Zoom, MS Teams, etc. and deliverable is a written report recommending tangible, achievable changes you can implement to dramatically improve your sustainability standing, reduce costs, engage staff, increase market share, improve brand perception and increase brand equity. This report can also form the basis of subsequent policies i.e. environmental, or an ISO 140001 action plan if this is a standard you hope to obtain.
To find out more about our Trade
Sustainability Assessment, contact us at contact@globaltradedept.co.uk and
one of the team will happily answer any questions you may have.