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UNGC and FAO begin Development of Global Voluntary Business Principles on Sustainable Agriculture

Summary

The UN Global Compact (UNGC) and the Food and Agriculture Organization (FAO) have initiated a process aimed at the development of global voluntary business principles on sustainable agriculture for companies as well as governments and other stakeholders.

The objective of this process will be to develop a common understanding and agreement on what resources and impacts are needed from the global community to transform markets and agricultural supply systems and advance sustainable agriculture globally.

At the first meeting of the Voluntary Business Principles for Sustainable Agriculture (VBPs) in late September, the UNGC, FAO and around 20 leading companies and organizations had fruitful discussions on the upcoming VBPs process and identified a number of common issues to be addressed in the VBPs, such as the Water Energy and Food nexus, the central importance of smallholder farmers, food and nutrition security, waste management, partnership model as the appropriate methodology to advance sustainable agriculture.

The UNGC and FAO are planning to consult all stakeholder groups through regional consultation meetings in the coming months.