The UN Global Compact has 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 realise the goal of sustainable development as described in the Rio+20 outcome 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.”
Source: United Nations Global Compact