RESPONSIBLE LARGE-SCALE AGRICULTURAL INVESTMENTS IN AND BY G20 COUNTRIES: A CALL FOR MORE TRANSPARENCY

Publication Name
Responsible Large-Scale Agricultural Investments in and by G20 Countries: A Call for more Transparency
Volume, number, page
23
Year of Publication
2020
Author(s)
FLACHSBARTH Insa
LAY Jann
NOLTE Kerstin
HARDING Angela
ANSEEUW Ward
BOURGOIN Jeremy
Organization Name
German Institute for Global and Area Studies
Acronym
GIGA
Publisher
Think20 (T20)
Category
Reports
Keyword(s)
G20
Agricultural Investments
Global supply chains
Transparency
Abstract
Many international agricultural land investment projects are criticized because of their disrespect of land tenure rights, the few benefits they provide local populations, and the often displayed negative environmental impacts. The Group of 20 (G20) has recognized the need for more responsible land investments in targeted lower- and middle-income countries, but land deals remain opaque. This policy brief suggests the necessity of mandatory due diligence in global supply chains. As an important, quicker, and more feasible step, the G20 should commit to increasing transparency by (1) supporting transparency initiatives, (2) making contracts publicly available, and (3) encouraging companies to release relevant information. Open data can then be used by relevant stakeholders to hold investors accountable.
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