The Common Fund's mandate is to enhance the socio-economic development of commodity producers and contribute to the development of society as a whole. This combined approach is the basis from which the Fund can communicate a credible story of its SDG impact. Moreover, in many countries having a job does not guarantee the ability to escape from poverty. After 3 years of joining the program, LIFT farmers from Nicaragua are expected to receive an average increased annual coffee income (average simulation is USD 6,706.8 for LIFT farmers, compared to non-LIFT farmers who can earn as low as USD 1,474.2). 1072 AB Amsterdam. At UNCTADs first session in 1964, the impact of commodity price volatility was at the top of the agenda, and a discussion on creating a common fund began. Annual Report Common Fund for Commodities 2016 - Issuu Recently, LIFT by Mercon has been recognized by the Global Coffee Platform as 2nd party scheme equivalent to the Baseline Coffee Code v1.2. Photo: Chinese cabbages, Marawi City, Philippines. Standalone numbers cannot by themselves indicate positive or negative social value, or necessarily be compared across companies or products. In particular, we harness the potential of commodity production, processing, manufacturing and trade, for the benefit of the poor. Still, the world can produce sufficient food to feed everyone adequately. The additional income received by the beneficiaries can have a great impact in achieving food security, contributing to the SDG 2. They cater to a low-income demographic, they have transitioned the business model from trading to processing and increased price stability, theyve added value to their products through fortification and theyve reached out to remote smallholders, particularly women, and boosted their incomes. The success of this approach is clear in the figures for 2021, the first year when the benefits of the factory really started to be felt. commodities and provide information on the opportunities for introduction of new and innovative approaches in the field of The end of year 2012 was a pivotal. For instance, lets find a way to put the Multilateral Investment Guarantee Agency (MIGA) or the Green Climate Fund (GCF) within reach of smallholders and SMEs, enabling them to become more climate resilient through better training and equipment. A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally. We want to empower them to grow and develop so that local banks and other financial institutions feel confident enough to lend to them. We lean on the innovation around us with a number of our projects enriched by Dutch entrepreneurs and businesses, benefitting both them and agripreneurs in the developing world. The main outcome of this project was the approval of CFCs Sustainability Policy by the Executive Board, setting the standards for the social and environmental risk analysis of CFC operations. For official use only. Together, these new partnerships will benefit 228,165 smallholders by improving their market access and boosting their productivity. We take a closer look at whats driven the Shalem success story. The pro forma results reflect the combined results of HF Foods and B . The COVID-19 pandemic had a dramatic impact on several of Shalems key markets. Rather than becoming unemployed or shifting to informal jobs, as in previous crises, laid-off employees and self-employed workers alike left the labour force. By prioritizing the support of projects promoting gender equality (e.g. Read more . 1 was here. Linux is typically packaged as a Linux distribution.. As a result, some companies needed to lay off some staff and decrease the volumes bought from smallholder farmers. On the current portfolio, the Fund has 10 projects operating in LDCs, contributing to the economic growth, more value addition and exports increase of these countries. Her education relied on the success of her parents smallholding, not just for the bus fare but for her school uniform and fees. Through the initiatives supported by the CFC, these people will benefit from an income increase, helping many of them to step out of the poverty line. Taking a detour from our usual SME-sized businesses, the CFC invested in the Mercon Coffee Group to develop an innovative coffee value chain that provides smallholders with a comprehensive support package of knowledge and finance. There was an error. Preamble We, the G7 Foreign Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America, and the High Representative of the European Union, have met today in a fundamentally changed strategic and security environment. Besides measuring the positive impact its projects help to create the CFC understands the importance of also considering the potential social and environmental risks of its operations. Shalem is on a mission to do business as well as increase the prosperity of smallholders. Making commodities work for everyone | The Common Fund for Commodities (CFC) is an autonomous intergovernmental financial institution, established in 1989 within the framework of the United Nations. According to UNCTAD, a country is commodity-export dependent when more than 60% of its total merchandise exports are commodities. Its been a journey that couldnt have been possible without the expertise we brought on board. Annual Report 2021 | Common Fund for Commodities COMMON FUND FOR COMMODITIES. The COVID-19 pandemic made life harder for many of the businesses we invest in, but it also opened the door to new ideas and opportunities to create transformative resilience-building changes. Common Fund for Commodities | Annual Report 2015 Common Fund for Commodities Mission & Vision Statement Mission "To contribute to poverty alleviation by strengthening the. It is managed by the Global Impact Investing Network (GIIN) and is the most used tool for impact investors to report on their impact. Value chains are influenced by a range of forces on a national, regional and global level. The information shown is this map is for information purposes only and should not be considered as any form of endorsement by the Common Fund for Commodities and does not create any legal rights or obligations for any Member State. Given the enormity of the challenges facing us, we need to step out of our comfort zones to find innovative solutions. The COVID-19 pandemic made life harder for many of the businesses we invest in, but it also opened the door to new ideas and opportunities to create transformative resilience-building changes. Working Group on Sustainable Fund Management, World Economic Forum. The CFC was founded to rebalance this model so that the production, processing and trade of commodities benefits both producers and consumers, and the communities they live in. SWFI is a minority-owned organization. This will take collective political will and the adoption of digital technologies, including blockchain and the Internet of Things, that directly connect producers and consumers. This will lead to a net additional income for each smallholder of USD 263 per year. On the current portfolio, around 31% of the beneficiaries are expected to be women. Common Fund for Commodities Support for Commodity Development June 9, 2022 Ilka Westermeyer Agriculture, Fisheries, Forestry The Common Fund for Commodities (CFC) provides financial and technical instruments to support projects proposed by enterprises, cooperatives and institutions. We are working hard to facilitate the transition to renewable energy in developing countries by increasing our investments in businesses that are tackling climate change in line with the UNs Climate Action SDG. Photos: Elvin Alaniz and Janira Centeno, LIFT Agronomists. Agriculture, forestry, and fisheries can provide nutritious food for all and generate decent incomes, while supporting people-centered rural development and protecting the environment. The report urged developing countries caught in the trap of commodity dependency, which leaves much of their populations poor and vulnerable, to diversify their economies by enhancing their technological capabilities. For this reason, the CFC has partnered with the Social Finance Programme of the International Labour Organization to develop its Social and Environmental Management System (SEMS). Having considered the different options available, the CFC decided to adopt the Impact Reporting and Investment Standards (IRIS+) as its main reporting tool. This will lead to a net additional income for each smallholder of USD 263 per year. Each pillar contributes in different ways to conserving the local ecosystem, both for the communities who live there and for the environment itself. Olivado is also on track to hit zero carbon emissions through its investment in biogas plants that run off organic waste, including from its own avocados. A farmer can still bring a bag of maize on a motorbike, or five bags of sorghum on a donkey, to the factory and we will weigh it and pay. Its this accessibility that makes it a lifeline for many smallholders, boosting the prospects of them and their children. Annual Report Common Fund for Commodities 2018 - Issuu Common Fund for Commodities - Terra Viva Grants More than 100 countries depend on commodity exports, The state of commodity dependence | UNCTAD, This map was prepared by UNCTAD and can be found at: https://unctad.org/topic/commodities/state-of-commodity-dependence. Organization - Wikipedia However, inequality persists in its various forms, whether income, wealth, opportunities, or other dimensions. [1]Source: World Economic Forum. By prioritizing the support of projects promoting gender equality (e.g. The CFC was founded to change this. After two years of research and evaluation, Kennemer launched MinTrees, a reforestation programme designed with 2,000 smallholders from rural Philippines. The training. According to agronomists Janira Centeno and Elvin, the Productivity pillar is the most challenging to achieve results for. We hope more companies will follow the example of Kennemer to be an innovation and inspiration for all commodity value chains globally. Businessweek - Bloomberg Still, by 2020, only 47% of the global population were effectively covered by at least one social protection cash benefit, leaving 4.1 billion people unprotected, the majority of whom are the poor and the vulnerable. To ensure the best services to their smallholder farmers, LIFT agronomists receive trainings first. Annual Report 2019. The last pillar - happiness - is implemented through the development of social programs, such as health programs, or by offering scholarships in partnership with local universities. Also, as the Fund learns from these experiences it will be able to invest more effectively by identifying and assessing sectors, regions and financial instruments which are instrumental in creating and having more practical impact. And of course, I want to thank our team at the CFC for making all our achievements possible. An organization or organisation ( Commonwealth English; see spelling differences ), is an entity such as a company, an institution, or an association comprising one or more people and having a particular purpose. However, with LIFT, coffee producers not only found a way out, but they also got much needed knowledge and assistance to address the downward price spiral states Ambassador Sheikh Mohammed Belal, Managing Director of CFC. Beyond our work, we need global solutions in the commodity sector that solve rather than relocate issues. Combined with other crises, such as rising inflation and the war in Ukraine, it is estimated that in 2022 an additional 75 million to 95 million people will be living in extreme poverty in 2022, compared to prepandemic projections. According to the ILO, almost 1.4 billion workers are estimated to be in vulnerable forms of employment. This is why we start with the participants prior knowledge and experience, in a way that we build the knowledge or practice we want to instil in them, explains LIFT agronomist, Elvin Alaniz. A brief analysis of the main indicators corresponding to the SDGs framework is presented below: In total, around 415,000 people stand to benefit from the loan-based interventions currently financed by the CFC. You can still access . In 2021, this figure reached 63%. Our investment in COOPAC has helped us do this in one of the most challenging geo-political tracts of land, between the Democratic Republic of Congo (DRC) and Rwanda. Each year we keep striving to do more, because our work is just as important now as it was when the CFC was established. 11 new investments were approved by the CFCs Executive Board, another new high. Through its LIFT services, Mercon aims for farmers to reach minimum 80% in the LIFT Index within the first three years of program participation. Now my children oversee everything related to farm certification, my wife keeps the activities records, while I supervise the field activities. In addition, farmers and agronomists regularly communicate on the phone, which allows for timely and personalized assistance, fostering their trust relationship. The Sustainable Development Goals (SDGs) are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity. Ever since it was established in Nicaragua in 2016, LIFT has grown to the point that it now involves 4,200 farmers from Nicaragua, Honduras, Guatemala, Brazil, and Vietnam. [.] The Fund also targets interventions impacting vulnerable groups, such as people living below the poverty line, contributing to greater equality within the countries. A disproportionate impact on informal workers was reflected in a decline in the informal employment rate in some countries at the height of the crisis, which has left informal workers and their families in a highly precarious position, exposed to sudden income losses and heightened risks of falling into poverty. It also leaves them exposed to price shocks from events outside their control, such as COVID-19. It is levied on the price of a product or service at each stage of production, distribution, or sale to the end consumer. This bottom-up approach ensures our investments are targeted to their needs and those of their local communities, while preserving the environment and creating stronger value chains. In 1983 Indian economist and philosopher Amartya Sen noted that starvation statements are about the relationship of persons to the commodity of food, rather than about the food supply per se. No affiliation or endorsement, express or implied, is provided by their use. The Report contains a general. We invest in businesses that support smallholders to add value and boost productivity while promoting climate resilience and gender equality. CALGARY, Alberta, April 21, 2021 (GLOBE NEWSWIRE) -- Canacol Energy Ltd. ("Canacol" or the "Corporation") (TSX: CNE; OTCQX: CNNEF; BVC: CNEC) is pleased to report on the conventional natural gas prospective resources (resources other than reserves, "ROTR") for its Esperanza, VIM21, VIM5, VIM19, VIM-33, VIM-44 and SSJN-7 exploration blocks located in the Lower Magdalena . The CFC supports projects that generate employment with decent working conditions. The main reason behind this limitation is the lack of legal land ownership, consequently hampering farmers access to finance that helps improve farm management. The projects supported by the Fund expect to create 5,619 new jobs, giving employment opportunities to people living in vulnerable conditions. Common Fund for Commodities | Annual Report 2018 Annual Report 2018 Mission & Vision Statement Mission "To contribute to poverty alleviation by strengthening the income-generating. In the long run, the CFC hopes that LIFT can serve as a blueprint for other businesses driven by accountable environmental and social impact. Asili is a fortified flour for low-income consumers. Despite its broad scope, it can be challenging to report Impact Measurement using the SDG framework. The ILO projects that unemployment will remain above its 2019 level until at least 2023. expected to receive an average increased annual coffee income (average simulation is USD 6,706.8 for LIFT farmers, compared to non-LIFT farmers who can earn as low as USD 1,474.2).
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