Table of Contents

International Documents on Corporate Responsibility

International Documents on Corporate Responsibility

Edited by Stephen Tully

International Documents on Corporate Responsibility includes the principal international, regional and national instruments drafted by intergovernmental organisations or states as well as codes of conduct formulated by industry associations, trade unions and non-governmental organisations. The coverage includes the fields of human rights, international criminal and environmental law, labour standards, international trade, armed conflict, sustainable development, corruption, consumer protection and corporate governance. Each document is accompanied by a brief explanatory commentary outlining the historical origins of the instrument, the principal actors involved, controversial negotiation issues, applicable implementation procedure, and identifies further reference material.

Chapter 57: UN: Framework Convention on Climate Change, 1992

Edited by Stephen Tully

Subjects: law - academic, company and insolvency law, corporate law and governance

Extract

Commentary: The UNFCCC (1771 UNTS 107) seeks to stabilise greenhouse gas emissions ‘at a level that would prevent dangerous anthropogenic (human induced) interference with the climate system’. The contributions made by corporations to climate change is also of interest: UNCTC (1992), ‘Climate Change and TNCs: Analysis and Trends’, New York, UN Doc ST/CTC/112. In 1995, the Intergovernmental Panel on Climate Change confirmed the discernible human influence upon the global climate. As a framework agreement, the UNFCCC identifies commitments to be augmented over time such as updated inventories of greenhouse gas emissions. It also places the heaviest burdens upon industrialised States (Annex II countries). Annex I countries are industrialised economies and those States undergoing economic transition. In addition to the provisions below, all governments undertake to provide public access to information and ensure public participation in addressing climate change and its effects (Article 6). The financial mechanism contemplated by Article 11 includes modalities ensuring that projects funded to address climate change conform with accepted policies, programme priorities and eligibility criteria. See further, UNFCCC (2002), ‘A Guide to the Climate Change Convention Process’, Bonn (http://unfccc.int); UNFCCC/UNEP (2002), ‘Climate Change Information Kit’. For commercial perspectives, see European Roundtable of Industrialists (ERT) (2000), ‘Climate Change: How Governments and Industry Can Work Together’, Brussels; ICC (2003), ‘Climate Change: The Business View’, Paris. Article 1: Definitions For the purposes of this Convention: 1. ‘Adverse effects of climate change’ means changes in the physical environment or biota resulting from climate change which have significant deleterious effects...

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