Expert Consultation on the Development of a CFS-RAI Due Diligence Tool for Governments
Achieving the Sustainable Development Goals (SDGs) requires a significant increase in investment in agriculture and food systems. In 2015, the first two SDGs alone (eradicating hunger and poverty) were estimated to require an additional USD 140 billion in annual investment in agriculture. The adverse socio-economic effects caused by the health crisis linked to COVID-19 will require this amount to be increased.
With the support of the Swiss Federal Office of Agriculture, the Food and Agriculture Organization of the United Nations (FAO) is considering how to develop a suite of tools to encourage additional responsible investment in agriculture and food systems in a manner consistent with the Principles for Responsible Investment in Agriculture and Food Systems (CFS-RAI).
Two of the tools under consideration are: A due diligence tool for relevant government institutions and others enabling them to assess the extent to which proposed investments in agriculture and food systems are aligned with the CFS-RAI. An ex-ante due diligence tool for agribusinesses to enable alignment of investment and business practices with the CFS-RAI. This consultation will address the due diligence tool for government entities. The agribusiness tool will be the subject of a separate consultation.
The due diligence tool would support investment promotion agencies and other government institutions responsible for attracting, facilitating, and monitoring investment in the agricultural and agri-food sectors to ensure that such investments are carried out responsibly and contribute to sustainable development. More specifically, these institutions could employ the tool to assess whether a proposed investment in agriculture or food systems is likely to be consistent with the CFS-RAI. While there is a multitude of sources of guidance related to investment promotion, none of those resources constitute the broad yet sector-specific due diligence tool contemplated here. Ideally, this resource would fit seamlessly with national investment approval processes.
This consultation is expected to address the following questions:
- To what extent do government investment promotion agencies and other relevant entities currently attempt to assess whether proposed investments in agricultural or food production or processing are likely to be consistent with relevant aspects of the CFS-RAI?
- If due diligence or assessment tools are needed to help investment promotion agencies and, where relevant, other government entities, what is the best structure and content?
- What tools currently exist to help government entities conduct such assessments?
Registration for this event is now closed.
The Why and How of Investment Dispute Prevention and Management Agencies – Sharing country experiences
This webinar on dispute prevention and management agencies will build on the research findings of a forthcoming IISD publication by Jonathan Bonnitcha and Zoe Phillips Williams, and aims to inform policymakers as they consider alternatives and complements to investor-state dispute settlement.
Webinar | Greening Aid for Trade and the SDGs
This webinar will examine efforts and possibilities for "greening" Aid for Trade, including in the context of the COVID-19 recovery. It will feature an introduction to a new joint publication (forthcoming) by IISD and the Forum on Trade, Environment & the SDGs.
Webinar | Trade and Gender: Translating Knowledge into Practice
What do we know about the impacts of trade and trade rules on women, and how does this knowledge get translated into policy? This webinar, the latest in the joint series organized by IISD and the University of Geneva's Faculty of Law, explored these issues in detail.
Reflecting on a Year Online: Lessons from an IISD survey of international investment negotiators
Participants in this webinar discussed a forthcoming IISD report on virtual negotiations on international investment governance, while also sharing their experiences with and views on the challenges and opportunities involved.