Schmidheiny establishes the Alliance for Global Sustainability (AGS), a partnership among the four most important scientific and technological universities in the world. He serves as president of the International Advisory Board between 1996 and 2001.
He creates the Centro Latinoamericano para la Competitividad y el Desarrollo Sostenible (Center for Latin American Competitiveness and Sustainable Development - CLACDS) at the INCAE Business School in Costa Rica, together with Brizio Biondi-Morra and Roberto Artavia.
Stephan receives an honorary doctorate from Yale University, New Haven.
Together with Federico Zorraquín and the World Business Council for Sustainable Development, Schmidheiny edits “Financing Change: The Financial Community, Eco-efficiency, and Sustainable Development”.
He publishes the book “Sustainable Development: The Financial Markets in a Paradigm Shift,” together with Rolf Gerling.
Stephan Schmidheiny recieves the “Ordem Nacional do Cruzeiro do Sul” (“Order of the Southern Cross”) award from then president of Brazil, Fernando Henrique Cardoso.