Pledges for Major Project Association members to consider
Pledges are formally issued, solemnly made (but not legally binding) agreements or targets.
There are a whole host of pledges on the market – this can make it difficult to find one appropriate for your company’s need.
We have Chosen pledges in terms of relevance to MPA members as detailed below.
Why should Major Project Association members pledge?
Pledges are valuable for a large number of reasons:
- Summarises a common goal / unifies an industry standard aim
- Identifies commitment and track progress
- Offers a support network for meeting the targets (experts/tools & techniques)
We have chosen a selection of 4 pledges to recommend. This includes one overarching pledge, and a pledge for an area within each of the sustainability triple bottom line: a social, and environmental and a governance pledge.
Overarching Pledge: UN Global Compact
A single platform for managing all aspects of corporate responsibility in line with the UN Sustainable Development Goals (SDG). The pledge has a free sign up (though larger companies are expected to pay a contribution) and is appropriate for all companies. There is extensive support around making commitments, how to implement and measure and also assess progress.
Environmental Pledge: Pledge to net Zero
Signatories commit to deliver a greenhouse gas target in line with either a 1.5C or well below 2C climate change scenario.
This pledge has a free sign up and is appropriate for companies of all different sizes and industries. It also has extensive support in terms of tools for carbon accounting, community of practice and detailed case studies.
Governance Pledge: Chapter Zero
Provides a community of practice, tools and techniques needed to integrate sustainability into business strategy and how to educate/empower management and business leaders. Although a key focus is climate change mitigation the practice is appropriate for all sustainability themes.
This pledge has a free sign up and is appropriate for companies of all different sizes and industries.
This is an ideal primer to integrate other pledges/business targets into your orgainsations.