Companies operating in the agricultural sector have made significant steps towards the adoption of responsible business principles. However, gaps remain with regards to how such principles are being implemented in practice. These are the overarching conclusions of a baseline survey undertaken by Kumi for the OECD-FAO Pilot Project on Responsible Agricultural Supply Chains.
A new global standard has been published by the OECD that can legitimately claim to represent consensus on how companies should assess and respond to the risks of social and environmental impacts in agricultural supply chains. Investors, producers and consumers of agricultural commodities should take note.