21-Oct-2024, 03:35 PM
The Sustainable Trade Summit 2024 (SUTRA 2.0), organized by IDH, is set to take place on October 17-18, 2024, at The Oberoi in Gurugram, India. This summit aims to promote ethical sourcing practices across Indian markets, addressing the pressing need for sustainable trade in a rapidly changing global economy.
Objectives of SUTRA 2.0
SUTRA 2.0 builds on the momentum of the inaugural summit held in 2023, which focused on integrating sustainable and responsible principles into sourcing and procurement. This year’s event aims to deepen discussions around creating responsible supply chains that benefit smallholder farmers and improve environmental practices. With 86.2% of Indian farmers classified as smallholders, the summit emphasizes the importance of enhancing agricultural productivity and ensuring fair income through sustainable practices.
Key Themes and Sessions
The summit will feature a variety of panels and workshops aimed at fostering collaboration among businesses, civil society, and government entities. Topics will include:
Responsible Sourcing Practices: Discussions on how companies can implement ethical sourcing strategies that align with sustainability goals.
Regenerative Agriculture: Sessions focused on innovative agricultural practices that restore ecosystems while enhancing productivity.
Gender Inclusivity: Exploring how gender-transformative business models can create better opportunities for women in agriculture.
Notable sessions include a panel discussion on the role of CEOs in driving responsible sourcing and a masterclass on sustainability reporting frameworks. Additionally, breakout sessions will delve into specific value chains such as textiles, spices, coffee, and palm oil, addressing unique challenges and solutions within each sector.
Collaboration and Partnerships
SUTRA 2.0 aims to foster pre-competitive collaborations among stakeholders to invest in smallholder communities. The initiative seeks to align efforts across various sectors to promote regenerative agriculture and climate-resilient practices. By facilitating cross-sectoral dialogue, the summit hopes to establish shared goals that drive systemic change in supply chains.
Conclusion
As businesses face increasing pressure to adopt sustainable practices, SUTRA 2.0 represents a critical platform for knowledge exchange and collaboration. By addressing the complexities of ethical sourcing, the summit aims not only to enhance corporate responsibility but also to uplift vulnerable communities within India’s agricultural landscape. Participants will have the opportunity to engage with industry leaders and policymakers, setting the stage for impactful change in sustainable trade practices across the region.
