Tuesday, October 18, 2011

Caring for climate


Dear Caring for Climate Signatory,
Thanks to the leadership and commitment of companies like yours, the Caring for Climate initiative is
making important contributions in the move towards a low-carbon, climate resilient and green
economy. With nearly 400 signatories from 65 countries, Caring for Climate remains the world’s
largest voluntary business and climate initiative. While progress by business is visible in many areas,
the urgency and scope of climate challenges requires broader and more widespread efforts by business,
civil society and government. The 2012 UN Conference on Sustainable Development – Rio+20 –
offers an excellent opportunity to further engage business to help address climate change on a large
scale.
In this context, we are pleased to share with you three developments for the Caring for Climate
initiative:    
1. Broadening the Initiative
The Global Compact and UNEP will make considerable efforts to build a broader, unified group of
business leaders committed to corporate sustainability and establish a pathway towards green growth.
With full support from the Caring for Climate Steering Committee, the initiative will now be open to
companies that have a proven track record of climate leadership but that have not yet joined the Global
Compact. Companies that are most committed to climate action will be invited to engage immediately
in Caring for Climate, with a clear commitment to become a Global Compact participant within two
years.
2. Collaboration with the Secretariat of the United Nations Framework Convention on
Climate Change (UNFCCC)
The Global Compact, UNEP and the Secretariat of the UNFCCC have agreed to collaborate on Caring
for Climate and will work together to better align Caring for Climate with the global climate policy
agenda and enhance the visibility of business actions in the process. In the months ahead, and starting
at the 17th Conference of Parties to the UNFCCC (COP 17) to be held in Durban later this year,
Caring for Climate signatories will have several opportunities to exchange information and
experiences, and enhance their understanding of the UNFCCC process. UNFCCC will be invited to be
an active observer in the initiative’s steering committee and make substantive contributions to guide
the future development of Caring for Climate.
3. Transparency and Disclosure
Transparency and disclosure have been identified by signatories and stakeholders alike as a key issue
in making  Caring for Climate a legitimate, meaningful initiative that advances best practice in
sustainable environmental management in the private sector. In line with existing commitments to
transparency, signatories of the initiative will now be required to develop annual reports – known as "Communications on Progress-Climate" – in which they will be expected to describe how the five core
commitments of the Caring for Climate Statement are being implemented. The reporting requirements
and submission processes will be sent to C4C members shortly.
We are pleased to invite you to mark your calendar for the following events:
 Events co-convened by the Global Compact,  UNEP-FI and the Principles for Responsible
Investment during the World Climate Summit on 3-4 December 2011 in Durban, South Africa
(http://www.wclimate.com).
 Fourth Annual Meeting of Signatories on 29 May 2012 in Rio de Janeiro in conjunction with
the Rio+20 Corporate Sustainability Forum.  
For more information on  Caring for Climate, please contact Lila Karbassi (Global Compact,
karbassi@un.org) or Kaveh Zahedi (UNEP, Kaveh.Zahedi@unep.org).
We thank you for your continuous support of the Caring for Climate initiative.  
Sincerely,
 
Georg Kell
Executive Director
United Nations Global Compact
Sylvie Lemmet
Director, Division of Technology, Industry and
Economics
United Nations Environment Programme
Source: http://goo.gl/uNUCg