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Prince Charles “Terra Carta” receives support from Bank of America and BP

The Prince of Wales has launched the Terra Map or Earth Charter and called on other companies to take practical action to steer the planet on a more sustainable trajectory. One goal is to direct $ 10 billion to green causes by 2022.

The charter, which will be presented at a planetary summit in Paris on Monday, aims to protect the world’s natural resources and speed up the transition to a greener future. It contains nearly 100 actions that businesses can take, including a commitment to achieve net zero emissions by 2050 or rather, and the protection of natural ecosystems.

Black stone (BLACK),, AstraZeneca (AZN), EY, Unilever (on), Heathrow Airport, HSBC (HBCYF) and Fidelity International also support the initiative.

“I can only encourage, in particular, those in industry and finance to provide practical guidance for this common project, as only they are able to mobilize the innovation, scale and resources needed to transform our global economy,” said Prince Charles in declaration.

A conservationist and heir to the British throne, the Prince of Wales warned at last year’s World Economic Forum in Davos, Switzerland, that the planet was facing a catastrophe without a revolution in the way the global economy and financial markets work.

“What’s the use of all the extra wealth in the world earned by ‘ordinary business’ if you can’t do anything with it other than watch it burn in catastrophic conditions?” He said in an exclusive interview with CNN at the annual global elite gathering. .

At this event, he launched the Sustainable Markets Initiative (SMI), co-chaired by Bank of America CEO Brian Moynihan, to put people and the planet “at the heart of global value creation.”

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