FAO and OECD Promote Responsible Investment in Agri

The Organization for the Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO) launched a pilot project to commence the practical application of the OECD-FAO Guidance for Responsible Agricultural Supply Chains, which provides a practical tool to help enterprises observe these and other standards of responsible business conduct.

The objective of the project is to improve the implementation of the Guidance and internationally-agreed standards on responsible production, sourcing and supply chain management in the agricultural sector.

Agricultural enterprises are vital in the fulfillment of the Sustainable Development Goals by generating the much-needed investment, decent employment, developing productivity and supply chains that are beneficial to producers and consumers. However, business operations of these enterprises can also have a negative impact on workers, human rights, the environment, food security/nutrition, and tenure rights. The project, which starts with 30 leading enterprises, will strengthen the ability of companies to avoid contributing to negative impacts while meeting global sustainability challenges.

Read more about the project from the FAO news release.