Publication: Assessment of the Sustainable Rice Platform: A Benchmark Analysis against the IFC Performance Standards, Good Practice for Standards Systems Assurance and Governance, and Selected Elements of Other Standards Systems
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2024-11-21
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2024-11-21
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Rice is a crucial staple food globally, but its cultivation demands significant land and water resources and contributes to over 10 percent of human-induced methane emissions. Sustainable rice production using climate-smart practices can mitigate environmental impacts and enhance the livelihoods of rice farmers. Implementing these practices could reduce methane emissions by at least 30 percent from 2020 levels by 2030. The Sustainable Rice Platform (SRP), established in 2011, aims to transform the global rice sector by developing tools and mobilizing stakeholders to adopt sustainable practices. The SRP, a multistakeholder roundtable with over 100 institutional members, operates a sustainable rice standards system that includes documents defining sustainable farming practices, field verification, and organizational governance. The International Finance Corporation (IFC) seeks to finance and support companies in sustainable rice supply chains, adhering to the IFC Performance Standards on Environmental and Social Sustainability, which require sustainable management of natural resources.
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“International Finance Corporation. 2024. Assessment of the Sustainable Rice Platform: A Benchmark Analysis against the IFC Performance Standards, Good Practice for Standards Systems Assurance and Governance, and Selected Elements of Other Standards Systems. © World Bank. http://hdl.handle.net/10986/42449 License: CC BY-NC 3.0 IGO.”
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