Global food systems are often based on exploitative mechanisms that are detrimental to people and nature. Transitioning to sustainable food systems ensures long-lasting consumption of healthy foods, produced in ways that respect workers’ rights and planetary boundaries.
IMPACT MEASUREMENT AND REPORTING
Measuring impact supports value chain actors and their partners in gaining insight into the effects of business activities on people and planet. Creating sustainable and resilient food systems requires transparency on value chains and knowledge on opportunities for change.
IMPACT MANAGEMENT AND STRATEGY
To achieve the Impact Economy, the world must transition towards sustainable food systems. All along the value chain, respect for planetary boundaries and workers’ rights should be embedded in food production. Future-proof food systems require value chain actors to develop and execute business strategies using impact information. Integrating impact information in decision-making enables the transition towards food systems which are efficient, just and environmentally friendly.
IMPACT ON NATURE
Agrifood, regenerative farming, biodiversity, climate
WORKERS’ AND HUMAN RIGHTS
Farmer income, decent work, health & safety, living wage
Biodegradability, circular business models, healthy living conditions
Healthy diets & nutritious, climate adaptation resilience, value chain collaboration
The True Value of Food Initiative (TVFI) was launched at the United Nations Food Systems Summit (UNFSS) in 2021 by, among other stakeholders, Impact Institute, True Price Foundation and the UNFSS Scientific Group, and is allied to the UN Food Systems Coordination Hub.
The main objective is to unlock the potential of the True Value of Food for governments, businesses, investors, and consumers by providing them with a new economic basis for decision-making. The hidden environmental, health, and economic costs in current food systems exact a significant detrimental impact on the planet and society. True Cost Accounting (TCA), and interventions developed in response to TCA findings, can enhance the value of food systems and their ability to address climate change and other global crises.
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