Many local and indigenous communities around the world depend on biodiversity for their livelihoods. Through their practices and traditions, these groups also play an important role in biodiversity conservation and regeneration. Since more than half of the world’s population lives in poverty, we must develop strategies to allow these groups to use and respect biodiversity as they pursue their livelihoods.
Increase companies’ contributions to local development
Through sourcing activities, companies can contribute to local economic development. The Ethical Biological Trade Standard includes the following best practices:
Local companies and manufacturers engage in dialogue and pursue long-term partnerships based on trust, strengthen cooperation and provide broad benefits to all stakeholders.
Local producers receive fair prices to offset the costs of implementing good practices and enable them to improve the quality of life for themselves and the community.
Companies promote local efforts to provide additional support to the community such as health services, education, etc.
Companies provide good working conditions and salaries, and respect human rights.