Globalization has brought profound changes in international trade over the last 50 years. In this period, not only has the volume of trade nearly tripled, it has also changed in its form and complexity. Today, Global Value Chains (GVCs) are a pervasive feature of global trade, accounting for nearly 70% of the total share of global trade.
Governments’ pledges for sustainable development are flourishing, most notably as they signed up to the UN Sustainable Development Goals. But how can they translate such pledges into practice? Voluntary Sustainability Standards, or VSS, have been recognised as potentially transformative tools for sustainable trade, and they offer great potential for governments to realise their sustainability commitments through two main avenues. First, public procurement represents, on average, 12 percent of GDP in OECD countries, and up to 30 percent of GDP in
The considerable diversity of priorities associated with the uptake of Voluntary Sustainability Standards (VSS) have captured significant interests for researchers to analyze the drivers that stimulated stakeholders to be certified (or not). Given the unclear distribution of benefits resulting from these sustainability certifications, smallholder farmers are striking economic actors in the value chains that have expressed unprecedented concerns. This is not to say that they do not see the value of adapting sustainability measures into their operations, but rather concerns
Time to opt for Good Practices in Benchmarking Sustainability The essence of defining good practices underlines the replication of applying accumulated knowledge and experiences to new situations. Identifying such models can be adapted to improve any discovery of unanticipated challenges. As we start to recognise the growing prevalence of sustainability issues addressed by participants along the global supply chains, governments and civil society are seeking mechanisms to evaluate sustainability performance through the advent of good practices. Supported by the Deutsche Gesellschaft
Nearly half of the world’s population is directly dependent on biodiversity for their livelihoods. Today over 3.2 billion people depend on biodiversity for their livelihoods, but the globe’s biodiversity resources are being depleted at an alarming rate. In Europe alone, the cost of biodiversity loss is estimated about 3% of its GDP, or €450m (£400m), a year . “If we are going to address the issue of biodiversity, we also have to look at the fundamental issues