Commitments to action
Zero Hunger Private Sector Pledge
FAO, GAIN, Grow Africa, Grow Asia, IISD, WBA, WBCSD and WFP
In support of the Zero Hunger Coalition, the Zero Hunger Private Sector Pledge is an initiative to enable companies and investment funds to align their investments with new evidence and commitments by donors, governments, and global institutions to end hunger and nourish the future by 2030. It encourages companies to make an investment in at least one of the 10 high-impact intervention areas from the Ceres2030 evidence and in at least one of the priority countries or regions. The ZHP aims to mobilise $5bn in private sector funding.
One in every 10 people goes to bed hungry. And most of these people live in Africa and South Asia. Last year, COVID-19 wiped out 15 years of progress in reducing hunger globally. In July 2021, the United Nations announced that 118 million more people were affected by hunger in 2020, taking the number of people with no access to food up to 768 million.
A specific set of investments, described by new evidence from Ceres2030, Program of Accompanying Research for Agricultural Innovation (PARI) 2020, and the State of Food Insecurity in the World (SOFI) 2021, are needed to end hunger. These reports show that donors must double current public spending. Governments have to juggle multiple priorities due to the pandemic and the associated economic downturn. Companies who pledge will align their investment toward achieving zero hunger by 2030. Transforming food systems to end hunger and malnutrition, ensure safe and nutritious food for all, support sustainable consumption shifts, reduce carbon emissions, generate decent and dignified livelihoods, and build resilience to future shocks requires more and better private sector investments.
Pledging companies must comply with host state laws and regulations, and commit to internationally accepted principles, including but not limited to:
- the Principles for Responsible Investment in Agriculture and Food Systems of the Committee on World Food Security (CFS-RAI)
- the International Code of Marketing of Breast Milk Substitutes
- the Principles of the UN Global Compact
- the UN Guiding Principles for Business and Human Rights
Current commitments of companies at 23/9/21 amount to $345m (see Downloads).