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Global food systems are facing significant sustainability challenges that demand prompt and collaborative action

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22 Nov, 2023

This post was originally published on WBCSD

Modern food systems contribute to about a third of total GHG emissions and require large amounts of water, energy and land, thus leading to biodiversity loss. Moreover, the system is characterized by inequitable access to food and resources as well as an increased vulnerability to shocks.

The widespread adoption of regenerative agriculture as a solution to regenerate landscapes has a critical role in shifting to global food systems that meet the needs of present and future generations without depleting nature. Regenerative landscapes prioritize the restoration and enhancement of ecosystem functions and support farmers’ empowerment and livelihoods.

Regenerative agriculture involves practices such as cover cropping, crop rotation, no tillage, reduced use of chemicals and holistic grazing with the aim to improve soil fertility, water retention, biodiversity enhancement, carbon sequestration and to foster more resilient agricultural systems.

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Government consulting on sustainable investment labelling

Government consulting on sustainable investment labelling

The Australian Government is starting consultation on sustainable investment product labelling, which is designed to give investors more confidence to put more capital to work in sustainable products.

The federal government said the release of this paper is a key step in implementing its Sustainable Finance Roadmap — designed to help mobilise the capital required for Australia to become a renewable energy superpower, modernising the financial markets and maximising the economic opportunities from net zero.

This consultation paper seeks views from investors, companies and the broader community on a framework for sustainable investment product labels.

These labels are designed to help investors and consumers identify, compare and make informed decisions about sustainable investment products to understand what ‘sustainable’, ‘green’ or similar words mean when they’re applied to financial products.

The government said a more robust and clear product-labelling framework will help investors and consumers invest in sustainable products with confidence and help tackle greenwashing.

This phase of consultation will run from 18 July to 29 August and help the government refine its design principles for the framework.

The consultation paper is available on the Treasury consultation hub.

Image credit: iStock.com/wenich-mit

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