"Communiqué 2022: Progress towards an equitable world– must be more than a promise!", May 2022

The challenge is now a managed de-globalization, a green and just transition towards an economic and financial system that is sustainable, respects both planetary boundaries and people’s well-being and does not leave anyone behind. What is needed is deep transformative action towards a society and an economy based on the principles of sufficiency, sustainability of life and human rights, including reform of the global trading system. As C7, we urge the G7 leaders to strengthen crisis responses and take swift action for a steady and inclusive economic recovery, particularly in the countries of the Global South. We call for an economic and financial transition that is climate neutral and environmentally neutral, people-centered, human rights-based and inclusive, thus putting a strong emphasis on equity, gender equality and diversity sensitivity.

We recommend that the G7 leaders...

• Reverse and stop the negative impacts of private financing: Stop the promotion of private equity investment for social infrastructure initiatives; initiate a joint commitment of the G7 to terminate international investment agreements; establish mandatory environmental, social and governance due diligence obligations for all companies in line with the UN Guiding Principles and OECD Guidelines; actively support the UN open-ended intergovernmental working group in its work towards a binding instrument on business and human rights...

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• Ensure an equitable fossil fuel phase-out and a just transition: Align the G7’s policies with the Net Zero Scenario of the International Energy Agency (IEA) and ensure that energy security prioritizes energy efficiency and renewable energies instead of diversification of fossil fuel supply. On an international level, increase technological cooperation, capacity building and financial support for a just transition, respecting environmental and human rights.
• Address climate impacts: Address climate impacts faced by vulnerable countries and people by urgently increasing adaptation finance and setting up a needs-based target in the 2025 goal. Commit to supporting the establishment of a Loss and Damage Finance Facility at COP27 with new, additional, sustained resources and scale up accessible grant support.
• Protect and restore ecosystems: Implement robust, human rights-centred 30x30-compatible plans to protect and restore ocean and land ecosystems in partnership with local communities, and increase resources for governance and monitoring of protection zones.
• Ensure sustainable food systems: Ensure a just and inclusive transition to sustainable food systems and the right to healthy and climate-friendly diets, achieve SDGs 2 (zero hunger) and 15 (life on land) by fostering agro-ecological systems with a focus on small-scale farmers and women and stopping harmful subsidies, and end hunger and malnutrition....