The objectives will be in line with the European Innovation Partnership (EIP) on Raw Materials priorities, the UN Millennium Objectives and Sustainable Development Goals (SDGs), as well as with international initiatives on transparency and accountability.
Such system will be fixed in close co-operation with the other Raw Material Commitments (RMCs) and UN initiatives.
The RMC-Covenant Circular Economy 2022 needs to be in line with other global and EU initiatives at UN and OECD levels as well as developed by Business platforms.
Indeed several ‘global’ initiatives related to multi-stakeholder partnerships and reporting are engaged and the RMC-Covenant Circular Economy 2022 and should be in line with these developments which will impact value chain management and corporations.
The proposed sustainable development goals are:
- Goal 1: End poverty in all its forms everywhere
- Goal 2: End hunger, achieve food security and improved nutrition, and promote sustainable agriculture
- Goal 3: Ensure healthy lives and promote well-being for all at all ages
- Goal 4: Ensure inclusive and equitable quality education and promote life-long learning opportunities for all
- Goal 5: Achieve gender equality and empower all women and girls
- Goal 6: Ensure availability and sustainable management of water and sanitation for all
- Goal 7: Ensure access to affordable, reliable, sustainable, and modern energy for all
- Goal 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
- Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
- Goal 10: Reduce inequality within and among countries
- Goal 11: Make cities and human settlements inclusive, safe, resilient and sustainable
- Goal 12: Ensure sustainable consumption and production patterns
- Goal 13: Take urgent action to combat climate change and its impacts
- Goal 14: Conserve and sustainably use the oceans, seas and marine resources for sustainable development
- Goal 15: Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss
- Goal 16: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
- Goal 17: Strengthen the means of implementation and revitalize the global partnership for sustainable development
In the framework of the ‘Covenant’ both public authorities and companies should report on progress made in accordance with the terms of reference (themes, indicators, timing) as fixed by the European Commission Monitoring and Assessment Scheme.
The Covenant has been designed to become a pilot partnership initiative contributing to:
- The implementation of the EIP Raw Materials in accordance with the reporting, monitoring and assessment rules as fixed by the Commission
- The implementation of the Rio+20 conclusions and to the preparation of a multi-stakeholder partnerships summit at Rio+30
It has the following implications on the way actions plans should be designed: they should link with international agenda’s in view of Rio+30:
- UN (Sustainable Development Goals (SDG) environmental justice atlas)
- Support companies extra financial reporting in line with GRI standards
- Address global value chain management towards sustainability challenges including traceability
- Develop international partnerships
United Nations Global Compact and BSR: Guide on Traceability, which will help companies and consumers to ensure their material or product is produced responsibly
Means of Implementation should sit under each of the cluster areas in a structure something like the Rio+10 South African non-paper:
- Proposed targets and timeframes
- Proposed actions
- Institutional mechanisms
- Stakeholder involvement
- Implementation plan sustainability