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Article

31 Aug 2002

Author:
James Lamont & John Mason, Financial Times

Ecology opens for business [World Summit on Sustainable Development]

Sir Mark [Sir Mark Moody-Stuart, former chairman of Shell who now heads Business Action for Sustainable Development] is lobbying for global leaders to disregard calls by NGOs to introduce multilateral rules governing business conduct. "The summit is taking place just as massive corporate scandals are undermining economic growth and confidence throughout the world. There is widespread recognition that self-regulation has failed," says Daniel Graymore, a campaigner for Christian Aid, the UK charity. Sir Mark concedes that greater corporate accountability is needed. But he argues that standards for business should be enforced at a national rather than global level...while some NGOs remain openly hostile to business, others are keen to work with it. BASD is promoting 230 partnerships between business and NGOs at the summit. They include the secondment of staff from HSBC, the banking group, to Earthwatch environmental projects, carmaker Fiat's development of gas-powered cars and the treatment of sleeping sickness in Africa by Aventis, the pharmaceuticals group.