In May 2012, the World Business Council on Sustainable Development (WBCSD) released Changing Pace. The report contains the WBCSD’s formal policy proposals for Rio+20; it concludes that the right mix of policy initiatives provides the correct incentives to break the lock of business-as-usual. Changing Pace is an analysis of policy initiatives aimed at accelerating progress toward inclusive and sustainable growth. It is one piece of the WBCSD’s efforts toward testing and articulating the necessary conditions to be inclusive and eco-efficient, to provide better quality of life for all, and to reduce poverty and sustainably manage ecosystems. Changing Pace complements the WBCSD’s 2010 report, Vision 2050: the New Agenda for Business, which acts as a proposed agenda for businesses, defining their roles in sustainable growth. Changing Pace sets out public policy options to scale and accelerate business actions toward Vision 2050.
Changing Pace is an invitation from WBCSD and its members to governments, civil society, and fellow business leaders to actively engage in dialogue to shape policy solutions and pathways to sustainable development. As such, the report sets out seven critical policy recommendations aimed at confronting the challenges facing sustainable development: set goals; communicate and educate; regulate; adapt budgets; invest; monitor; and coordinate. The report applies each of these policy elements to factors necessary for sustainable development, with an explicit focus on human development, the economy, and environmental factors. The report suggests that the pathway to sustainable development begins with strong policy initiatives based on the pillars of sustainable development.
The report can be downloaded here.