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Accelerating change through our global coalition on Living Income

Building a framework for action

In the slipstream of the debate on living wage for workers, the topic of living Income for farmers has quickly gained traction in the sustainability debate in global agricultural supply chains over the past years. The living income gap for farmers can now be measured and compared across regions. It provides a north star for agricultural development programs of governments, for sustainability programs of companies and for ESG performance ratings by investors. We are already seeing signs of uptake of the living income frame by several recently launched new sustainability commitments of global companies and new programs. In response, IDH has developed a Living Income Roadmap in collaboration with its partners. The roadmap provides practical steps to guide the private sector on how they can work towards living income for farmers in their global supply chains, and suggests where to engage the public sector, investors and financial service providers. Companies that have joined to date the Steering Committee of the Roadmap are Mars, Nespresso, Nestlé, Olam, Symrise, Touton, and Unilever. With the crisis in the Ukraine and the expected knock-on effects on food and energy prices and availability and prices of fertilizer, the discussion on how to close living income gaps becomes even more urgent. Especially for the farmer segments that have the largest gap towards a living income. During the Living Income session, we will take this new reality into account. 

During the session at the SDG Tent, we would like to build on the Davos 2022 theme of Working Together and Restoring Trust by bringing the living income debate to the next level. Bringing stakeholders together who will need to reinforce one another to move towards closing of the living income gap for farmers. Currently a global framework of joint action for living income is under development. IDH would like to create an open, honest conversation on why a multi-stakeholder approach is needed, what can be done by different types of stakeholders individually and what could improve or be enabled with impactful collaboration. For closing living income gaps, systemic change is needed. We will unpack two key systemic issues during the session; value distribution and risk distribution.

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 25 May 2022, Wednesday  10:00-11:30

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