The British monarchy’s latest “treaty” asks CEOs to recognize the rights of nature

Prince Charles, heir apparent to the British crown, has asked the world’s CEOs to guarantee the rights of nature in capitalism.

His 17-page Terra Carta, meaning Earth Charter in Latin, is a “recovery plan for Nature, People & Planet.” Released on Jan. 11, the document (designed by Sir Jony Ive, the designer behind Apple’s aesthetic) asserts that the “fundamental rights and values of nature” must be placed at the core of the global economy.

The charter aims to raise and invest $10 billion dollars (£7.3 billion) in this effort over the next decade. The voluntary framework commits companies and investors to ensuring their businesses are aligned with preserving the world’s biodiversity (protecting 50% of the biosphere by mid-century) and achieving net-zero emissions by 2050 as part of the development of a more equitable, prosperous society.

Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

{$inline_image}



For Android Mobile users Ilwareed Online has an App available on Google Play Store, with this App you can get the latest News and Political Analysis every minute.
Download Ilwareed Now.

Follow us on Twitter #ilwareed and Facebook #ilwareedonline