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Role of other stakeholders

BUSINESS needs to

ensure that their impacts on natural capital are either minimized or positive: this should apply throughout the production process, as well as in procurement and outsourcing activities. share information through platforms such as forums, roundtables or through certifying organizations such as the Roundtable on Sustainable Palm oil (RSPO): this can greatly reduce the costs of risk assessment and data collection.

Partnerships with like-minded businesses, organizations or NGOs can help to fill gaps in knowledge related to green business operations.

In 2011, the HoB Green Business Network (HoB GBN) was launched in Indonesia and in Malaysia as a business community network committed to playing a leading role in the transition towards a green economy.

The HoB GBN aims to bring together stakeholders to generate tools and provide support to businesses willing to work towards a sustainable future for the HoB. It ensure transparency and accountability both for trust within partnerships as well as to provide the basis of trust in community relations.

 

GLOBAL COMMUNITY needs to…

  • direct REDD+ finance in the framework of a green economy Carbon sequestration by forest ecosystems is one of the many globally significant values negatively impacted by deforestation and forest degradation. The global community needs to support the development of economies that recognize the true value of forests, not only to support climate mitigation and biodiversity conservation but also for the range of resources, ecosystem goods and services that forests provide. Placing REDD+ within the framework of a green economy is essential in order to ensure its success.
  • support biodiversity-based enterprises, greening conventional sectors and new green innovative sectors Technology transfer, skills and capacity are needed in a range of sectors, across government agencies and levels of governance. These sectors have the potential to generate revenue while maintaining valuable ecosystem goods and services for a range of sectors.
  • be a resource gateway on natural capital of forests Continued research on the economic value of natural capital, the transfer of knowledge and green technology, together with capacity building, are important elements in building a green economy.
  • stimulate collaboration amongst different actors and improve effectiveness of technical and financial contributions The international community has the ability to attract the attention of the commercial and financial sectors. Lending, investment and insurance can be major channels of private financing for a green economy.

 

CIVIL SOCIETY needs to…

act as proposer of ideas, builder, partner. It can monitor and hold other actors accountable. Civil society is essential for democratic ownership of a transition towards a green economy.

 

MEDIA needs to…

become the most effective tool to spread the message that HoB’s natural capital is important to people both within and beyond the HoB itself, including the global community.

Media exposure can help to increase awareness of HoB’s values, change people’s behavior and leverage attention towards the need for policy change and mobilization of fiscal and economic instruments. Media attention can help to stimulate stakeholders, attract new partners and spur momentum.