"A set of concrete principles and development goals that soundly move the value of natural capital from the periphery to the center of development planning..."
Vision of the Initiative
In May 2012, ten African heads of states in collaboration with some public and private sector partners held a two day summit where sustainability was at the center of the deliberations. The summit resulted in the Gaborone Declaration for Sustainability in Africa (GDSA) where countries recommitted to implementing all conventions and declarations that promote sustainable development. The overall objective of the Declaration is “To ensure that the contributions of natural capital to sustainable economic growth, maintenance and improvement of social capital and human well-being are quantified and integrated into development and business practice.” This was propelled by the signatories’ realization of the limitations that GDP has as a measure of well-being and sustainable growth. The following action statements are the impetus of the Declaration:
Action Statement 1: Integrating the value of natural capital into national accounting and corporate planning and reporting processes, policies, and programs, in agreed efforts.
Action Statement 2: Building social capital and reducing poverty by transitioning agriculture, extractive industries, fisheries and other natural capital uses to practices that promote sustainable employment, food security, sustainable energy and the protection of natural capital through protected areas and other mechanisms.
Action Statement 3: Building knowledge, data, capacity and policy networks to promote leadership and new model in the field of sustainable development and to increase momentum for positive change.
The GDSA signatories agreed to meet regularly in order to share information on progress made with regards to the action statements that they have committed to.