Member AUM
$70 trillion

Theme-Header-HumanRights-Background

Social Risk

Protecting working conditions and labour rights within industries
Labour Rights
Working Conditions

Social Risk Overview

The food and agriculture sector is key to the livelihoods of billions of people, providing employment, industry, and sustenance across the globe. However, the interdependence of the industry and its social stakeholders makes social risk intrinsic to our global food system. To manage this risk and mitigate potential negative social outcomes associated with the necessary transformation of the food system, FAIRR ’s work across the value chain seeks to address structural challenges to strengthen industry standards and practices.

FAIRR’s work on social risk started in 2020 in response to the disproportionate impact of the COVID-19 pandemic on meat processing workers across geographies. These events exposed the poor labour management practices in the industry that exacerbate social risk for companies and investors and are still present in the post-pandemic world. FAIRR has been facilitating a collaborative investor engagement for three consecutive years to empower workers to report risk across corporate structures, with strong engagement from six global meatpacking companies. See the Working Conditions Engagement for more information and details on how to get involved.

Social Risk Factory Worker

Other core social risk issues that FAIRR is working to address

  • Human rights in the supply chain: Supply chain oversight is lacking in the food and agriculture industry, which sees serious human rights issues including child labour, forced labour, and debt bondage.

  • Just transition: The necessary increasing focus across the food value chain on climate mitigation also brings an element of social risk. Just transition principles demand that workers and communities are central and active participants in climate transition planning to ensure they do not bear the burden of the shift through job losses, stranded communities, financial expense, and other impacts. Transitions should ensure that affected workers and communities benefit from green job creation and providing more resilient industries.

  • Consumer dietary transitions: For consumers, dietary transitions will be felt unequally across geographies, income groups, and demographics. Access to nutrition, cultural significance, and price will play a key role in how consumers are able to access various proteins. To ensure protein diversification is equitable, the benefits of diversification should be distributed fairly, with companies producing plant-based and alternative proteins that are easily accessible and affordable, while catering to consumers with different cultural and nutritional needs.

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Related Downloads

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Date
Description
Project Type
Key Topic
Content Type
Mar
2024
Phase 3 | BRF SA Meeting Notes
Working Conditions Engagement
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Mar
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May
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Feb
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Dec
2022
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Dec
2022
Phase 2 | Members' Progress Report
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Dec
2022
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Dec
2022
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