Anglian and Drax sign up to royal charter

Anglian Water and Drax have become founding signatories to the Prince of Wales’ international climate change recovery plan for businesses.

The Terra Carta commits businesses to making sustainability central to their companies through a 13-point plan that underlines the importance of restoring and protecting the natural world.

As part of the Prince’s work, the Natural Capital Investors Alliance fund has been established, with a target of investing $10 billion by 2022.

The charter commits signatories to:

• Support and rapidly accelerate the world’s transition towards a sustainable future
• Recognise the urgency of the global climate, biodiversity and health crises and the stewardship required
• Acknowledge that to build a sustainable future, the transition must focus on a robust, positive and parallel impact for nature, people and planet
• Recognise that integrity of all ecosystems requires climate, oceans, desertification and biodiversity to be treated as one system and addressed simultaneously
• Acknowledge we need to make individual, community, economic health and the health of natural resources a goal
• Take into account the value of diversity, recognising that diversity is a strength that gives resilience to communities, systems and organisations
• Recognise the importance of local traditions, languages, cultures, products, jobs and sustainability
• Further the restoration of the natural world as the underpin of all prosperity, wellbeing and future of the planet
• Acknowledge the critical role private sector has to play in sustainability and accelerate along this trajectory
• Ensure a skilled workforce and leaders are prepared to participate in the transition to a sustainable future
• Explore scaled up sustainable solutions and investment such as crossborder and longer term projects
• Acknowledge the need for net zero commitments to be achieved by 2050 and, where possible, much sooner
• Collaborate, share knowledge and ideas to propel the world faster towards sustainability

Anglian chief executive Peter Simpson said: “The cornerstones of this covenant are the importance of sharing knowledge, collaborating for the public good, combining nature-based solutions with the best of technology and innovation, and shifting financial models to drive sustainable outcomes. These are values we too espouse.

“The Terra Carta’s combined challenges to businesses and investors display a level of ambition not shown by any single national government. It is a level to which we must all aspire if we are to deliver the thriving environment and equitable society that we all want to see.”