As part of the Sustainable Markets Initiative, the former Prince of Wales announced the ‘Terra Carta’ – a charter that puts sustainability at the heart of the private sector. The urgent appeal comes as the former Prince of Wales marks 50 years of campaigning for the environment.
Deriving its name from the historic Magna Carta, which inspired a belief in the fundamental rights and liberties of people over 800 years ago, the Terra Carta aims to reunite people and planet, by giving fundamental rights and value to Nature, ensuring a lasting impact and tangible legacy for this generation.
The Terra Carta outlines ten areas for action and comprises of nearly 100 actions for business. It is based on a series of recommendations developed by a coalition of global business leaders in almost every sector. Together, they have developed a charter of ambitious, but practical action aimed at building a truly sustainable future.
The Terra Carta will serve as the guiding mandate for the SMI which will catalyse, showcase and celebrate progress along the way and over the next ten years and will be updated annually by the SMI to reflect the rapid pace of change and continuous progress being achieved around the world.
Lloyd’s is proud to support the Terra Carta from the Sustainable Markets Initiative.