Of the original 48 signatories to the Business Council for Sustainable Development's report, Changing Course, it is expected that approximately half of those members will remain with the BCSD. Phase two will be about implementing the recommendations in Changing Course and it will take on the theme of "catalyst for change". According to Hugh Faulkner, Executive Director of the BCSD, "We will be working with other groups and sectors to try and promote the change in policy, incorporate governance and various areas which are preconditions to sustainable development."

"Industry 21" is the umbrella title of the post-UNCED activities of the International Network for Environmental Management (INEM). As well as continuing to support the Global Environment Investment Conference, INEM has set up specific programs for developing countries as part of its implementation plans for the business portion of Agenda 21. These range from the development of environmental management guidelines for hospitals and pilot projects of "green cities" in Germany, to providing environmental management seminars to small businesses in Brazil. One of the project's goals is to promote environmental capacity building of businesses in developing countries, through associations for environmental management. INEM held a meeting in Tokyo from 7-9 September 1993 in cooperation with the United Nations University.

Yayasan Bina Usaha Lingkungan (Yayasan BUL), the Indonesian affiliate of Environmental Enterprises Assistance Fund, conducted a seminar for environmental entrepreneurs from August 8 to 12, 1994 in Jakarta at Indonesia's leading business school. The program was also sponsored by Bank Bira, a privately owned Indonesian Bank. The goal of the workshop was to provide technical and business training to entrepreneurs and representatives from larger companies interested in starting environmental subsidiaries.