Why do we need guidelines specific to ASEAN?
Why do we need guidelines specific to ASEAN?
Why do we need guidelines specific to ASEAN?
The primary purpose of the Guidelines is to promote investment in food, agriculture and forestry in the ASEAN region that contributes to regional economic development, food and nutrition security, food safety and equitable benefits, as well as the sustainable use of natural resources. Other objectives include:
Why do we need guidelines specific to ASEAN?
Why do we need guidelines specific to ASEAN?
Why do we need guidelines specific to ASEAN?
Investment in FAF is one of the most critical ways for ASEAN countries to provide employment and livelihoods, reduce poverty and improve food and nutrition security. However, there are a number of risks associated with private sector investment, particularly foreign investment.
When done badly, private sector investment can exacerbate existing inequalities, undermine the livelihoods of smallholder farmers,indigenous peoples, and natural resources.
But when done well, and integrated with the local economy, increased investment can help generate employment and promote economic development. All stakeholders have a role to play in ensuring positive outcomes, and each faces a unique yet interlocking set of risks and challenges.
Investment in FAF creates challenges for AMS in the following six key areas:
Why do we need guidelines specific to ASEAN?
Why do we need guidelines specific to ASEAN?
Why do we need guidelines specific to ASEAN?
Why do we need guidelines specific to ASEAN?
Why do we need guidelines specific to ASEAN?
The primary purpose of the Guidelines is to promote investment in food, agriculture and forestry in the ASEAN region that contributes to regional economic development, food and nutrition security, food safety and equitable benefits, as well as the sustainable use of natural resources. Other objectives include:
Why do we need guidelines specific to ASEAN?
The primary purpose of the Guidelines is to promote investment in food, agriculture and forestry in the ASEAN region that contributes to regional economic development, food and nutrition security, food safety and equitable benefits, as well as the sustainable use of natural resources. Other objectives include:
Why do we need guidelines specific to ASEAN?
Guideline 9
Assess and address impacts of responsible FAF investments and promote accountability by:
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Requiring independent and transparent impact assessments
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Defining baseline data and indicators for monitoring and assessing impact in an inclusive way
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Screening investments for alignment with development priorities and community needs
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Identifying impact mitigation measures to address negative impacts
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Ensuring assessments are publicly available and accessible
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Regularly assessing changes and communicating results to stakeholders
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Implementing effective remedies and/or compensation for negative impacts
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Strengthening the implementation of impact assessment regulations
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Integrating impact assessment results into management plans
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Regularly monitoring and reviewing impact, while including all relevant stakeholders in this process
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Making publicly available the results of monitoring activities
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Enacting effective and efficient screening processes for large-scale investors
To achieve this, consider: