"A social movement promoting standards of labor, fair wages, and good Implemented in 1997, this initiative is a legally binding agreement, whereby over 160 countries agreed to reduce their greenhouse gas emissions by an average of 5.2 percent below 1990 emissions levels. It doesn’t look like this target will be achieved."
From: Advanced Glossary (2013). SESP: Social Entrepreneurship Strategy Planning. Retrieved from: http://cms.sesp-project.eu/EN/index456a.html?id=67&tx_a21glossaryadvancedoutput_pi1[char]=all&cHash=e5075e35c2
Can also refer products imported and sold on the basis of these standards.