Eurasian Resources Group (ERG) is among the first 25 organisations in the world to support the Terra Carta initiative that was launched by the Prince of Wales on January 12.
The initiative provides a roadmap to 2030 in moving towards a sustainable future that is rooted in the transformative power of nature and the energies, resources and innovation of the private sector.
The Terra Carta charter forms part of the Sustainable Markets Initiative, which is a global coalition of the willing who share a vision around the need to accelerate global progress toward a sustainable future. The Prince of Wales, Prince Charles, launched this initiative at the 2020 World Economic Forum.
The Terra Carta charter outlines ten areas for action as a framework to encourage and catalyse a necessary transition, while around 100 actions for business form the basis of a recovery plan that puts nature and people at the centre of global value creation.
ERG reports that it contributed to discussions with the Prince as part of a coalition among global business leaders across various industries, which paved the way for the development of the charter.
“Terra Carta is a necessary and important global initiative – and one that supports the Paris Climate Agreement, the Convention on Biological Diversity and the Sustainable Development Goals.
“Offering a roadmap to 2030, it will catalyse action and commitments across industries, and bring about precisely the type of systemic transition that is needed over the course of this decade and beyond.
“Our support for the Prince’s urgent appeal forms part of our larger efforts to help ensure a sustainable future. This ranges from our commitment to accelerate cross-sector innovation, and help urgently eliminate child labour in mining communities in the Democratic Republic of Congo,” says ERG CEO Benedikt Sobotka.
Other supporters of Terra Carta so far include investment manager Fidelity International, Bank of America, financial market data provider Refinitiv and private banking company Coutts.