Environmental Sustainability in the CAFTA-DR Region: Impact of the Treaty’s Environmental Provisions on Country and Multinational Firm Level Sustainability
Beyond the UN Global Compact: Institutions and Regulations
ISBN: 978-1-78560-558-1, eISBN: 978-1-78560-557-4
Publication date: 13 April 2015
The chapter examines and describes the impact of the Central American Free Trade Agreement (CAFTA-DR) environmental provisions and the UN Global Compact initiatives on environmental sustainability of member countries at a national level and at a firm level.
Composite indexes (Human Development Index, Ecological Footprint Index, and Biocapacity) are used to determine CAFTA-DR country level sustainability. Firm level sustainability is based on a qualitative survey of companies using the Global Reporting Initiative framework and UN Global Compact participation.
Based on the methodology used CAFTA-DR member countries cannot be considered environmentally sustainable. Despite the lack of integration between initiatives proposed by different institutions, firm level sustainability trends are positive and encouraging.
Free access to Ecological Footprint and Biocapacity scores is limited. The research focused on surveying CAFTA-DR and UN Global Compact sustainability initiatives. However, there are many other entities and institutions not included in this research that also encourage sustainability.
The need of a concerted effort to align different organizations and institutions regarding sustainability initiatives in the CAFTA-DR region is apparent.
CAFTA-DR includes environmental provisions that are complementary to the UN Global Compact environmental principle. The synergies between these initiatives should be actively explored.
Frutos-Bencze, D. (2015), "Environmental Sustainability in the CAFTA-DR Region: Impact of the Treaty’s Environmental Provisions on Country and Multinational Firm Level Sustainability", Beyond the UN Global Compact: Institutions and Regulations (Advances in Sustainability and Environmental Justice, Vol. 17), Emerald Group Publishing Limited, Bingley, pp. 147-168. https://doi.org/10.1108/S2051-503020150000017015
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