EU Taxonomy seeks to encourage divestment from unsustainable investments. However, divestment only works if another investor buys the assets of the divesting investor. Divestment might be a good risk management strategy for a company or a fund manager. However, divestment is not an effective strategy for creating an actual outcome.
Multiple themes, ideas and threads were shared throughout the day. But, the unifying message that kept cropping up for all the challenge areas was building greater capacity for facilitation and engagement to effectively address Status Quo Bias (SQB).
This endeavour requires the involvement of all value chain stakeholders food processors, vets, pharmaceutical companies, banks, feed companies, fertiliser companies, feed additive companies, educators and universities. No individual, organisation or sector can do what needs to be done on their own
The conference had a very positive and can-do orientation. Notably, those navigating the giant dairy companies see a very positive and agile future where the system will be enabled in its evolution and adaptation by integrating new technologies and harnessing the multiple sources of nutrition – animal, plant and fermented.
Technological innovation alone will not achieve the required reductions in carbon emissions and biodiversity depletion. No matter how many efficiency measures we roll out, technical efficiency won’t be enough unless without a fundamental shift in business models and traditional thinking about business performance.
In times of crisis we must make decisions based on what is right and not on what is most comfortable or routine. When we are really scared – what have we got to hang on to? The only thing we can hang on to is – what is the right thing to do? Because nothing else can be trusted as real.