CII AND UNEP SIGN MOU FOR IMPLEMENTATION OF SUSTAINABLE DEVELOPMENT
Why in News?
- The Confederation of Indian Industry (CII) and the UN Environment has signed a memorandum of understanding (MoU) for coherent implementation of the environmental dimension of sustainable development.
Highlights of the MoU:
- The CII will work towards voluntary codes in Indian industry on the issue of plastics, for which there is already a precedent with benefits to firms in terms of credit and shareholder value.
- The MoU encompasses ‘coherent implementation of the environmental dimension of sustainable development according to an official statement.
- It provides a framework of cooperation and facilitates cooperation in issues of environment, climate change, renewable energy, energy efficiency, resource conservation and management, water sanitation, smart cities and urban infrastructure.
- A major activity planned under the MoU, will be the #Un-plastic Initiative of CII and UN Environment, beginning with a Call to Action, including commitments by industry on actions to curb plastic pollution.
Confederation of Indian Industry (CII):
- CII is a non-government, not-for-profit, industry-led and industry-managed organization.
- Founded in 1895, it has over 9,000 members, from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 300,000 enterprises from around 265 national and regional sectoral industry bodies.
- CII works with the Government on policy issues. It played a very important role during economic liberalisation in 1991 which knocked down the high walls of protection between Indian industry and the rest of the world.
- CII serves as a reference point for Indian industry and the international business community.
- It has 65 offices, including 9 Centres of Excellence, in India, and 11 overseas offices in Australia, Bahrain, China, Egypt, France, Germany, Iran, Singapore, South Africa, United Kingdom and United States.
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