ESMC November Newsletter

Executive Director Update

The sheer volume of recent activity that impacts ESMC’s work and that of our members and stakeholders seems to increase every month. Political change aside (for the moment), we’ve seen more and more companies and sectors in and outside the food and beverage sector taking on new goals and commitments to become more sustainable, including pledges to be net zero emitters of carbon and GHG by certain dates. Goal setting and reporting commitments are fantastic to see; they signal that the private sector is continuing to step up to address not just climate change, but associated natural resource and ecological impacts, including water resource constraints, biodiversity impacts, and related concerns that are critical to human and planetary health and food security. Concerns that the global COVID pandemic might reduce commitments or reduce resolve are calmed by the doubling-down of corporate actors that are evident in headlines everywhere, every day.

Valid concerns that society and consumers need to have transparency and clarity into the true impacts of these commitments and endeavors are also increasing. ESMC’s industry-wide approach ensures that sustainability and climate change mitigation activities in the agricultural sector are appropriately and rigorously quantified, verified, and certified by independent authorities. ESMC’s mission of scaling beneficial impacts that benefit society is centered in a voluntary, private market that meets multiple demand-side and buyer needs, while paying the farmers and ranchers whose actions create the impacts. Our program ensures that corporate actors in the agricultural supply chain and value chain need not make these investments individually; and that farmers and ranchers have the necessary tools and opportunities to participate without unduly burdening them. To de-risk these markets, we are ensuring that all market actors have the necessary tools to participate and are testing the entire program with all of them.

ESMC’s programmatic investments in technologically advanced protocols, tools, technologies and a monitoring, reporting, and verification platform have and will continue to establish a credible, durable system that meets market standards, buyer and investor needs, and can track and reward the impacts appropriately. The importance of having a robust and national scale infrastructure that ensures transparent, rigorous outcomes-based, certified tracking of impacts from agriculture cannot be overstated. We need change now, but the changes and the tracking must be durable, and the system must adapt to changing science, technology, and market standards. That flexibility of design is an underpinning of our approach. Where we will be in 5 years is not where we are now.

Recent political changes promise to bring additional opportunities to this space, and ESMC looks forward to engaging as these changes are further discussed and shaped. Additional support to the significant investments the private sector has made in this space, as well as to the public and private investments that ESMC and our members have collectively made is always welcomed, particularly in a manner that does not undermine or erode private voluntary markets which have the potential to scale ecological outcomes alongside traditional conservation programs. Both are necessary, and both must continue to scale impact and outcomes with necessary speed.

Thanks again to our members, stakeholders, collaborators, funders, and supporters for all the work that you do. We are honored to work with you, alongside you, and for you in what continues to be an inspiring and rewarding journey.

Read the full release here: https://mailchi.mp/a54709bc29a5/friends-of-ecosystem-services-market-consortium-newsletter-12599183?e=8253e16ce1