This article builds upon the discussions that were held at the UNFSS Academic Advisory Council annual meeting 2023, 12 October 2023, European University Institute (EUI). Due diligence regulatory initiatives have been proliferating recently around the globe, aiming to advance the sustainability agenda through global value chains governance. Due diligence is an on-going, proactive and reactive process through which companies need to identify and address actual or potential risks in order to prevent or mitigate risks of contributing to adverse impacts associated
“The deadly impacts of climate change are here and now. Loss and damage can no longer be swept under the rug. It is a moral imperative. It is a fundamental question of international solidarity – and climate justice.” – Antonio Guterres, UN secretary general at the COP27 in Sharm-el- Sheikh. In his statement, UN secretary-general, Antonio Guterres said that the growing number of catastrophic events causing enormous suffering around the world had no warning or means of preparation; and calls
The recently approved UNCTAD XV Bridgetown Covenant recalls that “today, many Sustainable Development Goals are behind schedule, and, despite remarkable efforts and progress, many people and places have not managed to enjoy the benefits of progress. The tools of trade, investment, technology, and finance can do more to change this reality and foster a more inclusive, sustainable, equitable and resilient world.” Voluntary Sustainability Standards are one such tools of trade that leverage sustainability criteria as a means
On 6th April 2022, the African Organisation for standardization (ARSO), in collaboration with UNFSS, launched the African Continental platform on Voluntary Sustainability Standards. The platform will promote the development and implementation of sustainability standards, assist Small and Mid-size Enterprises (SMEs) in their implementation, and encourage the establishment of national platforms in ARSO member countries. The launch was conducted virtually and discussed the importance of an established multi-stakeholder platform for collectively assessing VSS’s impact on Africa’s sustained trade growth and sustainable development.
Improving gender equality has many positive impacts on individuals and also on society at large. Empowering women in the economy and closing gender gaps are key to achieving the 2030 Agenda for Sustainable Development. When more women work, economies grow! Empowering women to become full economic citizens has grown importance in the work of the United Nations Forum on Sustainability Standards (UNFSS). The underlying point of reference as Mr. Santiago Fernandez de Cordoba, Senior Economist andUNFSS Coordinator, UNCTAD prescribed as a
Another eventful year has come to an end. None of the successes we achieved during the year happened by chance. The UNFSS Secretariat thank you for all your support for making things happen, despite a difficult year due to the pandemic. As we look forward to welcoming 2022 with you, allow us to take this opportunity to highlight some of our key activities in 2021. Academic Advisory Council (AAC) Annual Meeting In November 2021, the UNFSS co-organized the Academic Advisory Council (AAC)
Globalization has brought profound changes to international trade over the last 50 years. Value chains are now spread around the globe and are becoming more complex. Today, about US $8 trillion worth of world trade goes through Global Value Chains (GVCs), accounting for nearly 70% of the total share of global trade. According to UNCTAD’s research, majority of the developing countries are increasingly participating in GVCs. As a result, the developing-country share in global value-added trade increased from 20%
03rd December 2021, Geneva – The International Institute for Sustainable Development (IISD) and the United Nations Conference on Trade and Development (UNCTAD) launched the report- IISD’s SSI Review: Standards and Poverty Reduction. The report was launched in a joint UNCTAD-IISD webinar, held as a part of IISD Trade + Sustainability Hub, 2021. The report examines the potential of voluntary sustainability standards (VSS) operating in the agriculture sector to reduce poverty, which includes a chapter that UNCTAD and IISD wrote jointly on Understanding Smallholder Farmer Access to VSS-compliant Markets. It is estimated that 80% of the
The United Nations introduced the word “sustainability” into common usage, and defined sustainable development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs”- Brundtland Report, 1987. The United Nations Sustainable Development Goals (SDGs) has broadened the scope and premise of the strategies for development with full considerations for social factors as it includes employment, education, nutrition, health, income distribution, poverty reduction, basic needs, the environment. However, there cannot
On 14 September 2021, the UNFSS co-organized a 3-day Asia Pacific Economic Cooperation (APEC) Stakeholder VSS Awareness Workshop together with the APEC Secretariat and the Department of Standards Malaysia. APEC is comprised of 21 member economies which aims to create greater prosperity for the people of the region by promoting balanced, inclusive, sustainable and secure growth and by accelerating regional economic integration. Against this background, the UNFSS has been a close partner to deliberate the










