Food and Agriculture Business Principles Unveiled Today in Rome

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Food and Agriculture Business Principles Unveiled Today in Rome

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.@globalcompact unveils new global business principles for food & agriculture sectors: #FABPs #csr #post2015
Tuesday, May 13, 2014 - 12:00am

CAMPAIGN: Sustainable Development Goals

CONTENT: Press Release

ROME, 13 May 2014 /3BL Media/ - The UN Global Compact today introduced the Food and Agriculture Business Principles in Rome. As the first set of global voluntary business principles for the whole food and agriculture sector, the FAB Principles aim to help realize the goal of sustainable development as described in the Rio+20 outcome document (The Future We Want), and to empower businesses to make a positive contribution to the post-2015 development agenda.

As the world’s population grows to nine billion by 2050 and demand on global food systems intensifies, business will be a critical partner for Governments and other stakeholders to design and deliver effective, scalable and practical solutions for secure food systems and sustainable agriculture. With farming and food occupying a pivotal position in sustainable development, the FAB Principles provide a holistic framework for companies to collaborate with the UN, Governments, civil society and other stakeholders to meet this challenge.

The six principles are designed to complement many existing initiatives that advance sustainability in food and agriculture, and serve as an umbrella over voluntary standards and technical compliance platforms. They provide agreed global language on what constitutes sustainability in food and agriculture on critical issues ranging from food security, health and nutrition, to human rights, good governance, and environmental stewardship, as well as ensuring economic viability across the entire value chain.

“The Food and Agriculture Business Principles establish a set of values for companies in this sector wanting to act responsibly, by bridging between their practices and the public good outcomes sought by policymakers,” said Puvan Selvanathan, Head of Food and Agriculture at the UN Global Compact. “We welcome all farmers and agribusinesses – regardless of size, crop or location – to make this principle-based commitment and show their overall orientation toward corporate sustainability.”

The FAB Principles respond to the call from Rio+20 for sustainable intensification of food production by increasing local investments, access to local and global markets, and reducing waste in supply chains. They establish the attributes of well-functioning and sustainable global food and agriculture systems, and articulate common understanding of the resources, ecosystem services and socio-economic impacts needed to build resilience into food and agricultural systems and the markets that they serve.

The UN Global Compact facilitated development of the FAB Principles through a nearly two-year broad and inclusive multi-stakeholder process. Over 20 consultations have been conducted globally, including more than 1,000 businesses, UN agencies and civil society organizations involved in agriculture, nutrition and food systems.

The FAB Principles provide a common basis for substantive sustainability reports to be developed and compared between organizations operating in the food, nutrition and agricultural sectors. UN Global Compact corporate participants from the food and agriculture sector can use the Principles to disclose their sustainability policies and practices in their required annual Communication on Progress (COP). Reporting through the COP will demonstrate how an organization’s activities are aligned with the FAB Principles, as well as achievements that contribute to meeting the global challenges of food security and sustainable agriculture.

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About the United Nations Global Compact
Launched in 2000, the United Nations Global Compact is both a policy platform and a practical framework for companies that are committed to sustainability and responsible business practices. As a multi-stakeholder leadership initiative, it seeks to align business operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to catalyze actions in support of broader UN goals. With 8,000 corporate signatories in 145 countries, it is the world’s largest voluntary corporate sustainability initiative.

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Kristen Coco
+1 (917) 367-8566
UN Global Compact
Keywords: Ethical Production & Consumption | Business & Trade | Environment & Climate Change | Ethical Production & Consumption | Global Compact | Social Innovation & Entrepreneurship | Volunteerism & Community Engagement | agriculture | csr | environment | food

CAMPAIGN: Sustainable Development Goals

CONTENT: Press Release