Eurasian Resources Group enters into a principal agreement with China's NFC to complete the construction of its project in Africa; EXIM and ICBC to support the financing, Sinosure to provide the insurance
ERG among first 25 businesses to support “Terra Carta” under leadership of HRH The Prince of Wales and the Sustainable Markets Initiative
Eurasian Resources Group (“ERG” or “The Group”), a leading diversified natural resources group headquartered in Luxembourg, was among the first 25 world-leading organisations to support the ‘Terra Carta’, an initiative launched by the HRH The Prince of Wales. The Initiative provides a roadmap to 2030 moving towards a sustainable future rooted in the transformative power of Nature and the energies, resources and innovation of the private sector.
Announced at the One Planet Summit in Paris, the Terra Carta forms part of the Sustainable Markets Initiative.
Providing a framework to encourage and catalyse a necessary transition, the Terra Carta outlines ten areas for action, while around 100 actions for business form the basis of a recovery plan that puts Nature, People and Planet at the centre of global value creation.
ERG contributed to discussions with HRH The Prince of Wales as part of a ‘coalition of the willing’ among global business leaders across various industries, which paved the way for the development of the charter for a sustainable and ambitious future.
Benedikt Sobotka, CEO of Eurasian Resources Group and co-chair of the Global Battery Alliance (GBA), commented: “The Terra Carta is a necessary and important global initiative – and one that supports the Paris Climate Agreement, the Convention of 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 DRC.
“As part of the GBA, a key initiative we are driving forward includes the Battery Passport, which will help raise ESG industry standards, transparency and accountability in the global battery sector.
“We look forward to being a part of the Terra Carta and exploring interesting synergies with a view to achieving the aims that HRH has set out.”
The SMI has also initiated the creation of a Natural Capital Investment Alliance targeting $10 billion by 2022.
Other supporters of the Terra Carta include: AstraZeneca, Fidelity International, Bank of America, ManyOne, Freuds, Jony Ive/LoveFrom, Refinitiv, Heathrow Airport, Coutts, IIGCC, HSBC, Schroders, EY, BP, Macquerie, State Street, Pollination, Lombard Odier, Mirova, Drax Group, EFI, Compass Group, ReNew Power, Polymateria, CCm Technologies, Lanzatech.
For more information on the Terra Carta, please visit the relevant website: www.sustainable-markets.org