UN Global Compact and UNEP Convene First Meeting of ‘Caring for Climate’ Initiative

Nukunonu Atoll seaside, one of the regions of the world vulnerable to climate change 21 October 2008: Representatives of over 150 corporations,

civil society organizations, governments and UN agencies gathered in Geneva,

Switzerland, on 21 October 2008, for the first meeting of signatories to

‘Caring for Climate,' a voluntary global action platform jointly launched in

2007 by the UN Global Compact, the UN Environment Programme (UNEP) and the

World Business Council for Sustainable Development (WBCSD).

The meeting aimed

to produce business insights and develop a shared path forward in support of an

effective post-Kyoto policy framework on climate change. A recent survey among

Caring for Climate signatories reveals that a majority of signatories are

optimistic about their ability to develop the internal capacity to set targets

and reduce climate impact, while expecting similar leadership from governments,

long-term plans for emission reductions, and increased investments in

low-carbon technologies. [UN Press Release]