Private sector in development - WWF's input to the European Commission consultation
The world is now facing issues of natural resource scarcity, environmental loss and degradation due to over-exploitation of resources and unsustainable production and consumption patterns as well as increasing impacts of climate change.Therefore the private sector has an important role in terms of contributing to improved management of natural resources, improved efficiency in production methods, sustainability in operations and accountability for its environmental and social behaviour. A responsible business model that will contribute to achieving development and social goals also relies in the long term on the sustainable use of resources and mitigation of climate change.
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