Contributing to local development

Many local and indigenous communities around the world depend on biodiversity for their livelihoods. Through their practices and traditions, these groups also play a crucial role in conserving and restoring biodiversity. As more than half of the world’s population lives in poverty, we must develop strategies to enable these groups to use and respect biodiversity as they pursue their livelihoods.

Enhancing companies’ contribution to local development

Through their sourcing practices, companies can contribute to local economic development. The Ethical BioTrade Standard contains the following best practices:

  • Companies and local producers engage in dialogue and pursue long-term partnerships based on trust, enhanced collaboration and broad benefits for all stakeholders.

  • Local producers receive equitable prices that cover the costs of implementing good practices and allow them to improve their quality of life and that of their communities.

  • Companies promote local efforts to provide additional support to the community such as medical services, education, etc.

  • Companies offer decent working conditions and wages, and respect human rights.