Better trade for sustainable development: the role of voluntary sustainability standards

International trade is an engine for inclusive economic growth and poverty reduction, and can be made more sustainable by internalizing social, economic, and environmental concerns through voluntary sustainability standards (VSS). VSS include certification schemes, labeling programs, and private standards that aim to make global value chains more sustainable, taking into account social and environmental requirements in the production process.

Format: Paperback / softback
Length: 60 pages
Publication date: 30 March 2022
Publisher: United Nations

The 2030 Agenda for Sustainable Development recognizes international trade as a powerful catalyst for inclusive economic growth and poverty reduction, playing a vital role in promoting sustainable development. To transform into a sustainable engine, one approach gaining prominence is the integration of social, economic, and environmental considerations into international trade. This can be achieved through various means and policy instruments, including voluntary sustainability standards (VSS).

VSS encompass certification schemes, labeling programs, and private standards, all designed to enhance the sustainability of global value chains, spanning from producers to consumers. By incorporating social and environmental requirements into the production process, VSS aim to make these chains more environmentally friendly, socially responsible, and economically viable.

One significant aspect of VSS is their ability to connect developing countries, where many producers are located, to developed countries, where consumers demand sustainable products. By promoting the adoption of VSS, developing countries can enhance their competitiveness, attract investment, and contribute to the global effort to combat climate change and promote social justice.

Moreover, VSS can also benefit consumers by providing them with transparent and reliable information about the sustainability of the products they purchase. This information empowers consumers to make informed choices and support businesses that prioritize sustainability, driving the market towards more sustainable practices.

In conclusion, voluntary sustainability standards play a crucial role in transforming international trade into a sustainable engine. By integrating social, economic, and environmental considerations, VSS can make global value chains more sustainable, promote inclusive economic growth, and contribute to the achievement of the Sustainable Development Goals. As the world moves towards a more sustainable future, the adoption and implementation of VSS will be essential in achieving a greener and more equitable world.

Weight: 188g
Dimension: 212 x 298 x 9 (mm)
ISBN-13: 9789211130249