Terra Carta Framework

Framework

A Qualitative Review

In the run up to the 2020 Annual Meeting of the World Economic Forum at Davos, His Royal Highness, The Prince of Wales convened the Great Reset Dialogues to encourage global leaders to envisage a future of cooperation and collective leadership. These discussions identified five dimensions for rebuilding society and the economy in a sustainable way.

These five dimensions provide the backdrop of the Terra Carta which delves deeper into the principles that private sector can adopt as they transition towards a sustainable future.

  • Reimagining the future
  • Redesigning net-zero and Nature-positive transition
  • Rebalancing investment
  • Rethinking market forces
  • Reinvigorating innovation

This impact reporting uses the ten articles of the Terra Carta as basis to begin to measure global progress towards our collective recovery for Nature, people and planet.

With qualitative assessment drawn from across private sector, government, philanthropic, non-profit, consumer and academic sources, this report will demonstrate progress through bold and imaginative examples, and evidence actions that can be adopted to drive our collective efforts.

Mapped against each of the Terra Carta’s articles, the reporting will highlight achievements through case studies and other qualitative measures. It is hoped that this first phase of reporting will help build consensus, form the basis of conversation and develop coalition.

In future years, as global metrics, industry roadmaps and the alignment of investment evolves, quantitative benchmarks and measurement against the principles of the Terra Carta will be included in the reporting.

Taking Action

The Terra Carta details key areas for taking action within these five broad themes. Over time the Terra Carta will evolve to remain relevant and aligned with private sector ambitions. Explore each of the ten articles of the Terra Carta below to find out what progress has been made.

REIMAGINING THE FUTURE

Article 1.

Create Sustainable Industries

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Article 2.

Default Sustainable

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Article 3.

The Power of Consumers

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REDESIGNING NET ZERO & NATURE-POSITIVE TRANSITION

Article 5.

Game Changers & Barriers

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REBALANCING FOR SUSTAINABLE INVESTMENT

Article 6.

Sustainable Investing at Scale

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RETHINKING MARKET FORCES

Article 8.

Create Market Incentives

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REINVIGORATING INNOVATION