Global Standards

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If we are to have a fair, equitable, viable and sustainable form of globalization, it must include globalization of human rights, environmental protection, energy efficiency and the values codified in the sixteen principles of the Earth Charter. Therefore, global standards are necessary for all international enterprises, banks, stock exchanges, etc., to enforce the "earth ethics" now needed for human survival. These global standards for reducing pollution, increasing human welfare, health and education may also require new forms of taxation, e.g., on carbon and other pollution, waste, exploitation of virgin resources and the taxation of all cross-border stock and currency transactions. Revenues from such taxes can be collected by all countries and used to reduce income and payroll taxes

Progress toward global standards is being advanced through many agencies of the UN as well as professional and scientific bodies around the world. These include civic society organizations, such as Social Accountability International, the Global Reporting Initiative, the Association for Sustainable & Responsible Investment in Asia, the Instituto Ethos de Empresas e Responsabilidade Social and many other partner organizations of Ethical Markets Media.

Sources

  • Introduce 'Green' Taxes, Christian Science Monitor, 1990.
  • The Foreign Exchange Transaction Reporting System, Futures, Elsevier Scientific, UK, 1996.

See also

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Author: Hazel Henderson