Responsible Agricultural Investment (RAI) Tool for Agribusiness

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Responsible Agricultural Investment (RAI) Tool for Agribusiness

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Business and biodiversity basics Sustainable investment

Agribusinesses and agri-food investors are increasingly motivated to ensure that their operations and investments generate positive social and environmental outcomes. But they need support to translate these aspirations into responsible business practices and investments.

The RAI Tool for Agribusiness is a reference tool developed by IISD, Cerise+SPTF and partner organizations with the support of the Swiss Agency for Development and Cooperation. It aims to help agribusinesses assess the extent to which their practices and operations conform to international principles of responsible business conduct, such as the Committee on World Food Security's Principles for Responsible Investment in Agriculture and Food Systems, the ASEAN Guidelines for the Promotion of Responsible Investment in Food, agriculture and forestry, and the International Finance Corporation Performance Standards.

The RAI tool for agribusiness provides a framework that integrates these high-level principles into the language of agribusiness operations, structures, procedures, and management practices. This framework makes it easier for agribusinesses to understand responsible business practices, identify where their current practices are not in line with international principles and best practices, and prioritize the steps needed to apply these principles in their operations.

The development of the RAI tool for agribusiness is based on existing best practices and performance indicators. The tool has been tested by agribusinesses in Africa and Asia and refined based on their input and feedback. A guidance document and a model report have also been developed to facilitate the use of the tool.

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