One of the key policy areas of sustainability has been on the issue of global...
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Accounting
One of the key policy areas of sustainability has been on the issue of global climate
change. Correctly complete the timeline.
a) 1992 = World Business Council on Sustainable Development lobbies against any
concrete measures at global level on climate change.
b) 1996-1998 = Shell and BP leave the Global Climate Coalition in the face of European
Union commitment to Kyoto and stakeholder pressure in the EU.
c) 2005 = The European Union launches its Emissions Trading Scheme. This is a market
mechanism designed to achieve greenhouse gas reductions.
d) 2006-2008 = A growing number of firms conclude that measures to tackle climate change
are inevitable and it is therefore prudent to be part of the process.
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