“UN Global Compact” DRAFT – Toolkit for Land, Construction & Real Estate Sector: Input deadline Mar 16 (Tue)

Supply chain in land, construction and real estate sector, as depicted by the UN Global Compact, 2015

Supply chain in land, construction and real estate sector, as depicted by the UN Global Compact, 2015

Civic watchers in Vancouver and anywhere in the world will find this very interesting. The United Nations Global Compact is a fascinating initiative — a “strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. By doing so, business, as a primary driver of globalization, can help ensure that markets, commerce, technology and finance advance in ways that benefit economies and societies everywhere.” LINK: www.unglobalcompact.org/

Below, for convenience, we copy the ten principles. Now, the interesting part is that the UN Compact is developing a “Best Practice Toolkit for the Land, Construction & Real Estate Sector,” and plans to launch it in June 2015 after getting input on the draft. For convenience, further below is a copy of the contents of the draft toolkit. Amazing fact: “The land, construction, and real estate sector represents about 70 percent of global wealth.”

The “exposure draft document” was published in November 2014 for global consultation, which ends 16 March 2015 and is open to all stakeholders. More info and contact: http://www.rics.org/be/news/news-insight/news/ungc-toolkit/

The Ten Principles of the UN Global Compact

The UN Global Compact asks companies to embrace, support and enact, within their sphere of influence, a set of core values in the areas of human rights, labour standards, the environment and anti-corruption:

Human Rights

  • Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
  • Principle 2: make sure that they are not complicit in human rights abuses.

Labour

  • Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
  • Principle 4: the elimination of all forms of forced and compulsory labour;
  • Principle 5: the effective abolition of child labour; and
  • Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment

  • Principle 7: Businesses should support a precautionary approach to environmental challenges;
  • Principle 8: undertake initiatives to promote greater environmental responsibility; and
  • Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

  • Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.

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EXCERPTS FROM WEBSITE: http://www.rics.org/be/news/news-insight/news/ungc-toolkit/

Global Stakeholder Consultation on the UN Global Compact
Responsible Business Best Practice Toolkit for the Land, Construction & Real Estate Sector

About the Toolkit project

The land, construction, and real estate sector represents about 70 percent of global wealth. (Source: The Land and Real Estate Assessment , The Lincoln Institute of Land Policy and The World Bank Group, 2000)

The global construction industry alone is one of the largest sectors in the world. Its contribution to global GDP makes up around one-tenth of the total with a share of overall employment of almost seven percent. This sector has a substantial sustainability impact through land development, resource use and waste generation, during both the construction and occupational phases. To improve responsible business practices in the land, construction, and real estate industry, the United Nations Global Compact and RICS have partnered to jointly develop a best practice toolkit for the sector. This collaboration is among the UN Global Compact’s first initiatives to address corporate sustainability in a specific sector following the recent launch of its Post-2015 Business Engagement Architecture. Delivery of the 2-year project will be in the summer of 2015. The process to develop this toolkit is supported by a global Steering Group comprising of UN Global Compact participants from the areas of real estate, development, finance, investment, construction, research and training, as well as global law firm Latham & Watkins LLP, the Karlsruhe Institute of Technology, RICS’ industry-academia partnership university.

Toolkit project objectives The project’s primary goal is to clarify the fundamental relevance of the Global Compact Principles to the land, construction, and real estate sector and provide a practical Toolkit to assist participants operating within that sector to better implement those principles in their activities. To achieve this aim the project will seek to deliver on three key objectives: 1. Identify opportunities and challenges for the sector relating to the UN Global Compact’s issue areas of human rights, labour, environment and anti-corruption, as well as broader UN goals; 2. Engage UN Global Compact participants from the sector, as well as real estate users and stakeholders, to capture existing best practices and scale up sustainability initiatives; and 3. Develop a best practice Toolkit built on the Global Compact’s Ten Principles to help companies in the sector and its downstream users across the property lifecycle (Development, Real Estate Use, Recovery and End of Life) to tackle sustainability issues and harness significant opportunities.

How to participate in the global consultation: Consultation period: 30 October 2014 until 16 March 2015. Link to consultation: http://tinyurl.com/ungcricstoolkit Contacts: Leimer Tejeda (UNGC) Ursula Hartenberger (RICS) tejeda@unglobalcompact.org uhartenberger@rics.org

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TABLE OF CONTENTS
Foreword ………………………………………………………………………………………………………………………. 4
1. About the best practice Toolkit ……………………………………………………………………………. 4
1.1 Definitions ………………………………………………………………………………………………… 4
1.2 Context: challenges facing the Land, Construction and Real Estate Sector ……….. 5
1.3 Purpose of the best practice Toolkit ……………………………………………………………… 5
1.4 Toolkit target audiences ……………………………………………………………………………… 6
1.5 How to use this Toolkit ………………………………………………………………………………. 6
2. The Land, Construction and Real Estate Life Cycle …………………………………………….. 9
2.1 The Life Cycle phases ………………………………………………………………………………… 9
2.2 Individual stages of the Life Cycle phases …………………………………………………… 10
3. The Development Phase …………………………………………………………………………………….. 12
3.1 Introduction …………………………………………………………………………………………….. 12
3.2 Five key issues explained and associated benefits and opportunities for business and society …………………………………………………………………………………. 13
3.2.1 Land governance …………………………………………………………………………. 113
3.2.2 Transparency ………………………………………………………………………………… 15
3.2.3 Fair treatment of workers and abolition of child labour ………………………. 18
3.2.4 Environmental stewardship …………………………………………………………….. 21
3.2.5 Quality of design and construction …………………………………………………… 24
3.3 Practice examples and case studies …………………………………………………………….. 25
3.4 Five action items ……………………………………………………………………………………… 26
4. The Real Estate Use Phase …………………………………………………………………………………. 33
4.1 Introduction …………………………………………………………………………………………… 333
4.2 Five key issues explained and associated benefits and opportunities for business and society …………………………………………………………………………………. 34
4.2.1 Transparency ………………………………………………………………………………. 344
4.2.2 Environmental stewardship …………………………………………………………… 377
4.2.3 Community outreach ……………………………………………………………………… 41
4.2.4 Health, safety and well-being of building occupants ………………………….. 42
4.2.5 Decent work and human rights within the value chain ……………………….. 43
4.3 Practice examples and case studies …………………………………………………………….. 45
4.4 Five action items ……………………………………………………………………………………… 45

5. Recovery & End of Life Phase …………………………………………………………………………… 52
5.1 Introduction …………………………………………………………………………………………….. 52
5.2 Five key issues explained and associated benefits and opportunities for business and society …………………………………………………………………………………. 53
5.2.1 Strategic site-use re-evaluation ……………………………………………………….. 53
5.2.2 Refurbishment and retrofitting ………………………………………………………… 55
5.2.3 Waste management, resource conservation and recycling during demolition …………………………………………………………………………………….. 57
5.2.4 Brownfield regeneration …………………………………………………………………. 58
5.2.5 Rehabilitation of site into bio-habitat ……………………………………………….. 59
5.3 Practical examples and case studies ……………………………………………………………. 60
5.4 Five action items ……………………………………………………………………………………… 60
6. Key elements of a responsible Land, Construction and Real Estate Business strategy …………………………………………………………………………………………………………….. 67
ANNEX
1. Acknowledgements
2. General Sources of Information
3. The Ten Principles of the United Nations Global Compact

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