COMMITTEE: United Nations Global Compact

AGENDA: Pursuing effective ESG management on a global basis

MAIN SUBMITTER:

SPONSORS: Brazil, Canada, Chile, China, Japan, Netherlands, New Zealand, Nigeria,
Norway, Republic of Korea, Singapore, South Africa, Sweden, United Kingdom, United
States of America

SIGNATORIES: Brazil, Canada, Chile, China, Japan, Netherlands, New Zealand, Nigeria,
Norway, Republic of Korea, Singapore, South Africa, Sweden, United Kingdom, United
States of America

The United Nations Global Compact,

Recognizing the need for the pursuit of environmentally sustainable management

around the world,

1. Fosters the Green Bond market between Brazil and Chile in ways such as but not
limited to:
a. leading the way to form an ESG bond environment
i. they are in a position to foster a promising green bond market in Latin
America, so the two countries need to create a specific financial
environment for ESG issues,
b. revitalizing the formation of a private green bond market by:
i. executing funds for carbon neutralization,
ii. issuing transition bonds to finance projects,

2. Enables ESG initiatives by private participants in ways such as but not limited to:
a. private participants serving as initiatives on topics such as carbon neutrality,
energy efficiency and waste management(especially in Brazil),
i. nullifying their carbon footprint, like many companies in the financial
sector in Brazil, companies in other countries must also voluntarily
acquire carbon credits,
ii. generalizing negative screening practices for banks and investment
funds to exclude large emitters of greenhouse gases from portfolios,
b. building on Brazil’s precedent, expanding and collaborating internationally
(laying the foundation for ESG infrastructure in Nigeria),
c. positive reviews represented by investors actively seeking sustainable assets
becoming a common feature of the financial environment and provide
financing opportunities for business initiatives with strong green credentials,
3. Emphasizes the need to establish the international cooperation project related to waste
treatment business in ways such as but not limited to:
a. imposing the obligation on the treatment of different types of waste with the
goal of promoting poor public health and environmental conditions,
b. combining the technological prowess possessed by leading companies in each
country with financial procurement, along with expert analysis on the reasons
for support or restrictions under waste-related laws,
c. conducting sanitation projects in line with international ESG standards to
attract large-scale investment;

4. Calls upon ESG-developed member state nations to support countries in need of

financial aids to pursue effective ESG management in ways such as but not limited to:
a. establishing a global guideline to support LDC's in ways such as but not
limited to:
i. Norway; seeks to build an investment system directly in companies
and through local or regional funds based on the international ESG
management guidelines,
ii. limiting corporates that severe environmental degradation violates
fundamental ethical norms,
b. utilizing examples of other countries in order to provide effective
technological aids to the LDC's such as,
i. instituting international homepage/organization observing corporates
that manage ESG following the guideline,
ii. providing technological aids within the field of renewable energies
such as hydro, wind, solar, biogas,
iii. requesting to report specific ESG support results from the LDCs for
reliability,
c. providing policy precedents for each situation of developed countries for
LDCs that are having difficult times on policy enactment for ESG
i. referring to precedents and applying according to the situation of each
country of LDCs,
ii. offering valuable insights for policymakers of LDCs in terms of
considering ESG practices adopted by developed countries,
iii. providing ESG education related to CSR(Corporate Social
Responsibility) to accommodate social responsibility and ethical
management among corporates,
d. imitating the example of the UNEP supporting South Africa’s implementation
of ‘Green economy champion’ which commits for more financial and
sympathetic support.
i. intensifying the coordination required to implement the country’s
acquisition to low-carbon development path by observing the global
programme ‘Partnership for Action on Green Economy (PAGE) in
2015;
5. Encourages complementary relationships between countries to promote civilian
participation by way of achievable environmental policies such as:
a. sharing the Singapore waste disposal system with Nigeria to aim for reciprocal
profit such as:
i. adopting recycling system from Singapore which allows individuals to
get financial benefit by exchanging reusable wastes between
participants and local corporations,
ii. establishing a monitoring system to manage procurement of
information and technologies between countries,
b. creating an online platform with Chile and Singapore that shares
environmental policies and technologies by:
i. providing access to the platform exclusively to developing countries
receiving support,
ii. allowing civilians and NGOs to engage and propose policies via the
platform,
6. Draws attention to the solving of underlying climate crisis issue by controlling carbon
emission in ways such as but not limited to:
a. setting graded price of carbon credits by nations through future committees to
keep the emission balance between MDCs and LDCs based on the criteria
such as but not limited to:
i. total carbon emissions,
ii. annual carbon emissions,
iii. GDP per capita,
iv. current state of infrastructure,
b. enforcing investors to purchase the emission units based on their share in the
foreign carbon emitting industries such as but not limited to:
i. mining industries
ii. production of the fossil fuels
iii. iron industries,
c. imposing tariff on goods based on renewable energy usage during
manufacturing process,
d. publishing an annual report in UNEP that comprehensively rates existing
reports and nation’s response to climate change in consideration of economic
and social aspects,
7. Encourages correspondence among nations regarding technological support in the
financial sector and upon building ESG infrastructure by:
a. establishing International Research Network for Low Carbon Scientists
between Japan and ROK for mitigation of greenhouse gas emissions by:
i. collaborating through LoCarNet and Joint Credit Mechanism with
ROK for developing countries,
ii. enforcing the promotion of the ways of identifying the greenhouse gas
emission pathways and cultivating specific plans for transferring these
“Climate Change Measure Technology” to developing countries,
b. reducing greenhouse gas emissions of South Africa with the technical support
of Japan by:
i. encouraging the collaboration between Japan and South Africa with
the integrated system for water resource desalination technologies in
order to ameliorate greenhouse gas emissions,
ii. reinforcing supply structure with Japan’s support to respond
environmental footprints with the consideration of the Independent
Development business ( IPP) project now being implemented in South
Africa,
c. supporting low-carbon technology based on the imitation of the ‘South
African Carbon Tax Act No.15’, which underlies economies to favor a
carbon-efficient system by:
i. adopting low-carbon technologies from the rising costs of a
carbon-intensive portfolio like the ‘S&P South Africa DSW Capped
Carbon Efficient index’,
d. providing advanced clean energy technology from New Zealand such as
geothermal energy to fellow countries in exchange for better greenhouse gas
emissions management methods by:
i. building up on New Zealand’s renewable energy methods to act as
large portions of other nations’ energy sources,
e. launching greenhouse gas observing satellites (GOSAT) in cooperation with
Japan by:
i. expanding systems to incorporate not only third world countries, but
also countries having trouble with greenhouse gas emissions
management,
ii. implementing gas emission related intelligence technology from Japan,
iii. including explicit information on ways to execute the GOSAT program
in IPCC Guidelines for National Greenhouse Gas Inventory.