Significance of ESG in Farmer Producing Organizations

Pratheep.C; Nishad Narayan

doi:10.36948/ijfmr.2024.v06i04.25669

Significance of ESG in Farmer Producing Organizations

Author(s)	Pratheep.C, Nishad Narayan
Country	India
Abstract	Farmer Producer Organizations (FPOs) hold immense potential to transform Indian agriculture. However, challenges like low farmer income, climate change, and FPO sustainability persist. This paper explores how integrating Environmental, Social, and Governance (ESG) principles can address these concerns and contribute to a more sustainable and equitable agricultural ecosystem. Despite significant growth, a large portion of FPOs fail within a few years due to factors like inadequate resources and poor leadership. ESG principles offer a solution by promoting sustainable practices, fair labor conditions, and responsible governance. This not only benefits farmers through improved livelihoods and resource efficiency but also attracts socially responsible investors and strengthens stakeholder relationships. Implementing ESG requires a multi-pronged approach. Raising awareness among board members and farmers is essential, followed by developing tailored ESG policies and building capacity in sustainable practices. Collaboration with government agencies and NGOs can provide crucial resources and expertise. By embracing ESG, FPOs can overcome sustainability challenges, enhance profitability, and contribute to a healthier planet. This integration can be a game-changer for Indian agriculture, ensuring food security for future generations. By integrating ESG, FPOs can increase their market competitiveness, attract responsible investments, and contribute to a more equitable agricultural landscape. Implementing ESG requires a comprehensive approach, including awareness building, policy development, capacity building, and strategic partnerships. Ultimately, the adoption of ESG principles can transform FPOs into sustainable and resilient entities, driving positive change in the agricultural sector
Keywords	ESG, fpo, Sustainability,Agriculture, farmers income, Farmer Producer company
Field	Sociology > Economics
Published In	Volume 6, Issue 4, July-August 2024
Published On	2024-08-04
Cite This	Significance of ESG in Farmer Producing Organizations - Pratheep.C, Nishad Narayan - IJFMR Volume 6, Issue 4, July-August 2024. DOI 10.36948/ijfmr.2024.v06i04.25669
DOI	https://doi.org/10.36948/ijfmr.2024.v06i04.25669
Short DOI	https://doi.org/gt55x3

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Significance of ESG in Farmer Producing Organizations

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