{"id":66723,"date":"2023-07-03T12:17:33","date_gmt":"2023-07-03T11:17:33","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&#038;p=66723"},"modified":"2024-08-19T15:00:36","modified_gmt":"2024-08-19T14:00:36","slug":"sowing-seeds-how-finance-can-support-a-just-transition-in-uk-agriculture","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/sowing-seeds-how-finance-can-support-a-just-transition-in-uk-agriculture\/","title":{"rendered":"Sowing seeds: How finance can support a just transition in UK agriculture"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>This report, informed by input from farmers, sustainability specialists and financiers in the UK, is designed to increase understanding across the financial sector of how it can support a just transition in agriculture by mobilising more finance towards companies committed to and making progress to support a &lsquo;just nature transition&rsquo;. We defined this transition in our previous report, <em><a href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/just-nature-finance-just-transition-climate-and-biodiversity-2022\/\">Just Nature<\/a>,<\/em> as one that delivers decent work, social inclusion and the eradication of poverty in the shift to a net zero and climate-resilient economy that simultaneously delivers biodiversity goals in agriculture, forestry, land-use and the oceans.<\/p>\n\n\n\n<p>The report: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Examines social risks and opportunities for stakeholders affected by environmental transitions in UK agriculture: workers, smallholder and tenant farmers, communities and consumers<\/li>\n\n\n\n<li>Sets out why the financial sector should integrate just transition principles into lending and investment decisions and the barriers that exist to a just transition in UK agriculture<\/li>\n\n\n\n<li>Suggests how to overcome these obstacles with a set of recommendations for action by the financial sector in collaboration with others.<\/li>\n<\/ul>\n\n\n\n<p>The findings seek to accelerate action in the private finance sector, particularly by those lending to the agricultural and food sector, but also among public finance institutions and policymakers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary recommendations for the finance sector<\/h2>\n\n\n\n<p><strong>1.&nbsp; Put the just transition at the heart of agricultural, climate and nature policy engagement<\/strong>. Build awareness and capacity among finance, policy and agricultural stakeholders on how the social consequences of trade-offs can be managed during the food system transformation that lies ahead.<\/p>\n\n\n\n<p><strong>2.&nbsp; Integrate just transition principles into banking relationships, products and assessments for food and agricultural sector customers<\/strong>. Incorporating social risks and opportunities alongside climate and nature\/biodiversity considerations will mean more effective long-term decisions are possible.<\/p>\n\n\n\n<p><strong>3.&nbsp; Promote wider financial innovation to deliver a just agricultural transition<\/strong>. Sustainability-linked funds, environmental markets and blended finance can be developed to include key performance indicators linked to social outcomes.<\/p>\n\n\n\n<p><strong>4.&nbsp;<\/strong> <strong>Scale up inclusive place-based solutions.<\/strong> A successful just transition for the agricultural sector will involve communities designing and driving strategies that best suit their social, economic and environmental context, while contributing to national objectives.<\/p>\n\n\n\n<p><strong>5.&nbsp;<\/strong> <strong>Develop and embed shared social and environmental indicators<\/strong> that are relevant and useful for progress towards a just transition for farmers, rural workers, suppliers, communities and consumers.<\/p>\n\n\n\n<p><strong>6.&nbsp; Take an intergenerational approach.<\/strong> Backed with supportive policy and a clear sector-level vision, finance providers can better tailor funding opportunities and guidance for new entrants, tenant farmers and succession planning.<\/p>\n\n\n\n<p>The research was conducted as part of the UK-focused <a href=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/financing-a-just-transition\/\">Financing a Just Transition Alliance<\/a> (FJTA), which is convened by the Grantham Research Institute and brings together over 50 financial institutions, trade unions, regional bodies, civil society and academia.<\/p>\n\n","protected":false},"excerpt":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>This report examines social risks and opportunities for stakeholders affected by environmental transitions in UK food and agriculture and makes recommendations to financial institutions for how they can support a just transition in the sector. <\/p>\n\n","protected":false},"author":23,"featured_media":66732,"template":"","tags":[395,394,1817,2275,1160,1047,697,106],"publication-type":[1682],"topic_area":[4696,4708,4700,4699],"class_list":["post-66723","publication","type-publication","status-publish","has-post-thumbnail","hentry","tag-agriculture","tag-biodiversity","tag-farming","tag-food","tag-just-transition","tag-nature","tag-resilience","tag-uk-policy","publication-type-policy-publications","topic_area-uk-emissions-policy","topic_area-just-transition","topic_area-land-and-oceans","topic_area-biodiversity"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"show_translations_widget":{"ref_value":"field_6203d588c41e8","value":"0","type":false,"post_type":""},"downloads":{"ref_value":"field_52f16cc1a80f2","value":["https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2023\/07\/Sowing-Seeds_How-finance-can-support-a-just-transition-in-UK-agriculture.pdf"],"type":"download","post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["annabel-ross","brendan-curran","nick-robins","mark-nicholls"],"type":"relationship","post_type":"profile"},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"<!-- 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