Co-hosted by the Food and Land Use Coalition (FOLU), World Business Council for Sustainable Development (WBCSD), and We Mean Business Coalition, the event will delve into key insights from a recently published report series: ‘Future Fit Food and Agriculture’ revealing that US $205 billion per year is needed from the food sector to mitigate half of global food system emissions. While significant, these costs are manageable for the sector as a whole as they represent less than 2% of total food sector revenues.
Industry leaders will convene to discuss the critical role companies play in addressing emissions resulting from agricultural production and land-use changes within their value chains. Speakers will spotlight the costs and benefits of this transition, as well as the influence of existing and emerging voluntary standards on climate and nature legislation.
A critical challenge is that these costs are currently projected to land most heavily on farmers, who are the least able to pay despite being central to the food sector’s shift to net-zero.
Speakers will discuss how overcoming this inequity requires companies to reassess how they partner with actors in the value chain, particularly farmers, and how they engage with policymakers to incentivize and accelerate action.