12 focuses on decoupling economic growth from resource use and environmental degradation without detriment to people’s well-being. A shift towards more sustainable consumption and production patterns requires national policies that create conducive environments, innovation and social and economic infrastructure, and an adaptation of business practices along global value chains. It also requires a behavioral change from consumers and an increased awareness of the impact of their consumption choices on the people and the environment.
UNCTAD’s corporate sustainability initiatives, such as the Sustainable Stock Exchanges initiative and the International Standards of Accounting and Reporting, encourage MNEs to adopt sustainable practices and integrate sustainability into reporting cycles. Our support to the Commission for Science and Technology for Development help strengthen science, technology and innovation for sustainability. UNCTAD has also studied and proposed tools to encourage the development of sustainable tourism.
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