Abstract
This paper explores some Sustainable Development Goals (SDGs – 2 and 12) in agriculture for the Czech Republic and Ukraine. The idea is to find out best practices in implementing SDGs 2 and 12 within the responsible investment framework. For these purposes, benchmarking (comparative analysis) is used. Using data over the period of 2017–2020, a general comparative review of global and national targets of SDGs 2 and 12 in Ukraine and the Czech Republic is provided. The results justify the merely incorporation and compliance of these targets at the national and global levels. The identified problems in achieving SDG 2 and SDG 12 are common for Ukraine and the Czech Republic and relate to unequal access to investment and financial resources. Recommendations and solutions to the most important problems based on the responsible investment instruments are proposed in this paper. The research findings can be useful for regulators (both in agriculture and in the financial market), companies and a wide group of other stakeholders in promoting responsible investment to make more comprehensive progress towards SDG 2 and 12 in Czech Republic and Ukraine by 2030. AcknowledgmentAuthors are grateful to the Czech government for the support provided by the Ministry of Foreign Affairs of the Czech Republic, which allowed this scientific cooperation to start within the project “AgriSciences Platform for Scientific Enhancement of HEIs in Ukraine”.
Highlights
This paper explores some Sustainable Development Goals (SDGs – 2 and 12) in agriculture for the Czech Republic and Ukraine
The UN Global Sustainable Development Goals 2 “End hunger, achieve food security and improved nutrition and promote sustainable agriculture” and “12 Ensure sustainable consumption and production patterns” (SDGs) are accelerating targets that contribute to the progress of other goals by 2030
The required amount to achieve the targets of these goals by 2030 by Food and Agriculture Organization (FAO), International Fund for Agricultural Development (IFAD) and World Food Program (WFP) is estimated at USD 265 billion a year by 2030 (Havemann et al, 2020)
Summary
The UN Global Sustainable Development Goals 2 “End hunger, achieve food security and improved nutrition and promote sustainable agriculture” and “12 Ensure sustainable consumption and production patterns” (SDGs) are accelerating targets that contribute to the progress of other goals by 2030. The required amount to achieve the targets of these goals by 2030 by Food and Agriculture Organization (FAO), International Fund for Agricultural Development (IFAD) and World Food Program (WFP) is estimated at USD 265 billion a year by 2030 (Havemann et al, 2020) This amount does not cover the destructive impact on supply, production and consumption chains in the agro-industrial complex of the COVID-19 pandemic. The idea of this paper is to find common solutions in implementing SDGs 2 and 12 within the responsible investment framework based on the comparison of progress in SDG 2 and 12 in the agricultural sectors of the Czech Republic and Ukraine.
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