Corporate forum examines the business of sustainability

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Rio+20 conference

More than 2,000 business leaders are meeting this weekend in Rio de Janeiro, Brazil, to examine the role of the private sector in creating a sustainable future.

The Corporate Sustainability Forum, which opens on Friday, is taking place on the sidelines of the Rio+20 conference on sustainable development.

The forum is an initiative of the UN Global Compact, a United Nations initiative to encourage business leaders to adopt sustainable and socially responsible policies.

Dianne Penn reports.

The Corporate Sustainability Forum brings together business leaders, academics, civic groups and government representatives for more than 100 sessions related to the Rio+20 agenda.

These include energy and climate, water and eco systems, and social development.

The forum takes place just days before the start of Rio+20 which is under the theme "The Future We Want."

Forum Spokesman Tim Wall says it is "absolutely critical" that the business community is involved in the process.

"If the activities that all of us in the world engage in are going to be leading to the future we want, to consideration for the planet, to consideration for each other on a social basis, then the economic activities are going to have to be adjusted and changed and that movement is already underway in the world today. Most of that activity is the private sector."

The outcome of the four-day Corporate Sustainability Forum will be more than 150 individual  commitments from companies supporting sustainable development practices.

From Rio de Janeiro, Brazil, I'm Dianne Penn.

Duration: 1’05″

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