Although crucial to reducing poverty and promoting food security, agricultural expansion can lead to biodiversity loss around the world. The Global Environment Facility and the International Finance Corporation fund the Biodiversity and Agricultural Commodities Program in a global effort to reduce threats to biodiversity.
Through the program, Chemonics works with international commodity roundtables in palm oil, soy, and cocoa to promote agricultural practices that maintain biodiversity while meeting market demands. The program targets six countries: Indonesia, Malaysia, Brazil, Côte d’Ivoire, Ghana, and Papua New Guinea.
The project promotes biodiversity-friendly agricultural practices through an innovative grants program that directly engages members of commodity roundtables. Through this grants facility, roundtable members can access funding for activities that promote biodiversity by addressing institutional and regulatory environments, develop commodity production practices that are sensitive to biodiversity, increase market demand for biodiversity-friendly commodities, and promote financial products and services that benefit biodiversity conservation.
Grant projects include mapping high-conservation areas in areas of Brazil and Indonesia that are rich in biodiversity, working with smallholders on sustainable production and roundtable certification, generating new assessment, management and monitoring tools, assessing farm and conservation areas, and suggesting best management practices, among other innovative projects and pilot studies.