Inspire Invest Innovate - The UNEP-UNGC Private Sector Day
This full-day tripartite dialogue of thought leaders from business, financial institutions and governments will offer insight and vision on the opportunities and challenges of financing the transition to a Green Economy in the context of sustainable development and poverty alleviation. The business case for action, particularly addressing activities in a number of key sectors, will be highlighted. This dialogue is being underpinned by the key findings from The Business Case for the Green Economy publication. This UNEP side event at Rio+20 is being held on the 17 June 2012 within the United Nations Global Compact Corporate Sustainability Forum. See the Inspire Invest Innovate Agenda for more information. The Press (Huffington Post and The National) about Inspire Invest Innovate and the Business Case for the Green Economy.
The Business Case for the Green Economy
Environmental stresses increasingly affect the financial bottom line of companies globally. In a world where resources are gathered in one country, processed in another, then sold as products manufactured in yet another, there can be no doubt that protecting our planet, and the resources it provides, is imperative. The world is so interconnected that a drought or flood in one part of the globe can soon challenge supply chains or move commodity markets in another with profound implications for the poor and the vulnerable.
As we move to a more resource efficient and Green Economy - one in which economic growth, social equity and human development go hand-in-hand with environmental security-business and industry will be a driving force. From corner stores, to medium-sized enterprises and international conglomerates, there needs to be an understanding that nature provides us with valuable resources and services that must be accounted for, and that it is only by safeguarding these resources and services that we can improve our own livelihoods and those of future generations.
The publication The Business Case for the Green Economy complements UNEP's 2011 report Towards a Green Economy clearly showing that companies cannot afford to ignore the benefits that switching to a Green Economy will bring. Compelling economic and scientific data demonstrates the advantages for the financial bottom line and a wide-ranging collection of case studies, from both developed and developing countries, give real-world examples of action taken.
Making the business case
Below, interested readers may find additional information that contributed to the development of the business case. Companies from all over the world were invited to provide examples of how they are moving to a resource efficient and Green Economy. The following company case studies provide inspiring examples of how the private sector is already taking action and illustrate The Business Case for the Green Economy.
Other companies provided examples as well:
Commissioned by UNEP's Division of Technology, Industry and Economics, the technical background document Sustainable Return on Investment Opportunity (RIO) - The Business Case for the Green Economy was prepared in researching The Business Case for the Green Economy. Sustainable RIO presents a Green Business Case Model that is used to highlight progress in making the business case for sustainability, considering risks and opportunities highlighted in the Green Economy research by UNEP, the OECD and others. The report provides evidence taken from a wide range of business reports, expert analyses and company case studies of recent years to illustrate different aspects of and approaches to the business case.