The Nobel Sustainability Trust (NST) and the United Nations Global Compact today announced their collaboration to accelerate the transition to global sustainability through mutual projects and network facilitation in the areas of alternative and renewable energy, as well as social enterprise.
As part of the new partnership, the Nobel Sustainability Trust will support Caring for Climate, the world’s largest climate action platform for business, in its efforts to develop a global action hub on climate and energy. This online platform will identify targeted action areas in various geographic locations and create concrete opportunities for business and other stakeholders to collectively implement green solutions, scale up climate finance, create jobs and deliver sustainable energy systems on a large scale.
The UN Global Compact will support the wide portfolio of the Nobel Sustainability Trust, which is designed to encourage the research and practice of sustainable and renewable energy. Its activities include a new Sustainability Award to be presented to an individual, company, organization or community that has carried out significant accomplishments or discoveries in the field of alternative, renewable and sustainable energy. NST will organize Sustainable Energy Conferences to present hands-on solutions for sustainable energy, and combating pollution and global warming. In addition, the Nobel Sustainability Funds will be established to bolster clean technology innovation with optimal environments in terms of financing, expertise and network to ensure market reach.
The two organizations will also seek to leverage their networks and matchmaking competencies, particularly to advance the Global Compact’s social enterprise and impact investing framework and NST’s Sustainability Projects Value Chain Platform.
“In our aim to crystalize and extend global awareness and focus on environmental considerations and solutions to ensure ready access to energy for all members of our society whilst ensuring the protection of the Earth, we see our partnership with UN Global Compact as a major step forward in our struggle for a sustainable planet,”said Gustaf Nobel, Chairman, Nobel Sustainability Trust.
“In recognizing the urgent need for awareness, action and ultimately implementable solutions to scale up the global sustainability movement, we are thrilled to partner with the Nobel Sustainability Trust to advance clean technology and renewable energy solutions,” said Georg Kell, UN Global Compact Executive Director.
About Nobel Sustainability Trust
Nobel Sustainability Trust, founded in Zürich, is a non governmental and non profit organization committed to push forward the development and implementation of renewable and sustainable energy by giving out The Sustainability Award by Nobel Sustainability Trust, The Sustainable Energy Conferences and establishing The Nobel Sustainability Funds, clean technology investment funds that are to provide clean tech innovation with optimal environments in terms of financing, expertise and network to ensure market reach. www.nobelsustainability.org
About the United Nations Global Compact
Launched in 2000, the United Nations Global Compact is both a policy platform and a practical framework for companies that are committed to sustainability and responsible business practices. As a multi-stakeholder leadership initiative, it seeks to align business operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to catalyze actions in support of broader UN goals. With 7,000 corporate signatories in 135 countries, it is the world’s largest voluntary corporate sustainability initiative. www.unglobalcompact.org
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