A group of companies is planning to invest $10 billion to $15 billion in boosting global food production 50 percent by 2030.
The commitment was included in a report by B-20, a group of business leaders that provides recommendations to the G-20. And for this year’s summit, the group’s food security task force has identified five key areas of action:
Increase investment in agricultural productivity.
Improve market function.
Ensure sustainable food production.
Scale up access to technology.
Make nutrition a priority.
The companies that made the commitment were not identified in the report or in an opinion piece for The Washington Post, but it is possible that Unilever and Group Bimbo, a global baking company, are among the said companies: Unilever CEO Paul Polman and Group Bimbo CEO Daniel Servitje are co-chairs at the task force.
It is not immediately clear how the companies will deliver on their multibillion-dollar commitment, which follows that of companies that pledged to invest more than $3 billion in agriculture at the G-8 summit.
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