Saturday, 23 January, 2021


Prince Charles reveals action plan for businesses to tackle climate change

Prince Charles to unveil Earth Charter at One Planet Summit in Paris Terra Carta: Prince Charles asks companies to join 'Earth charter'
Bennie Garza | 13 January, 2021, 09:04

Charles hopes to raise £7.3 billion to invest in the natural world, and harness the "irreplaceable power of nature", the prince will say in his virtual address to the One Planet Summit on Monday. The Initiative provides a road map to 2030, moving towards a sustainable future rooted in the transformative power of nature and the energies, resources and innovation of the private sector.

Benedikt Sobotka, CEO of Eurasian Resources Group and co-chair of the Global Battery Alliance (GBA) said: "The Terra Carta is a necessary and important global initiative - and one that supports the Paris Climate Agreement, the Convention of Biological Diversity and the Sustainable Development Goals. Our strategy to reduce environmental impact focuses on minimising food waste, increasing plant based menus and working closely with our clients and suppliers on decarbonisation right through the value chain".

Evoking the history of the Magna Carta, the Prince of Wales is launching the Terra Carta - the Earth charter - that will ask signatories to agree to nearly 100 actions to become more sustainable by 2030.

The Terra Carta has been designed by Sir Jony Ive, the former Chief Design Officer at Apple, and his new team at design firm LoveFrom.

The heir to the throne told delegates at the summit staged in Paris: "Today, I am making an urgent appeal to leaders, from all sectors and from around the world, to join us in this endeavour, and to give their support to this Terra Carta - to bring prosperity into harmony with nature, people and planet over the coming decade".

BlackRock, AstraZeneca, EY, Unilever, Heathrow Airport, HSBC and Fidelity International are also supporting the initiative.

The prince said business leaders and financiers were best positioned to "mobilise the innovation, scale and resources that are required to transform our global economy".

Over the next 10 years, the SMI plans to update and report annually on progress against the Terra Carta in order to "reflect the rapid pace of change and continuous progress being achieved around the world".

In addition to the Charter, HRH is also launching today the Natural Capital Investment Alliance, an initiative to mobilise Dollars 120 trillion of investment.

In his foreword to Terra Carta, Charles explained: "If we consider the legacy of our generation, more than 800 years ago, Magna Carta inspired a belief in the fundamental rights and liberties of people". The charter puts sustainability at the heart of the private sector.

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