Incentives: creating value from data

Building the business case for standards is important, especially for smallholders.

As standards systems have matured, incentives in the form of premiums have declined. This has caused many certified entities – especially small scale enterprises – to question the business case for standards and sustainability as a whole. In response to this standards systems have looked creatively at the range of incentives they can potentially offer and how these can be translated into tangible benefits on the ground.

For some ISEAL members, this has led to them:

  • Building partnerships with traders and financial service providers to improve access to credit.
  • Strengthening standards requirements around living income
  • Experiment with sector alignment that promoted interoperability across sustainability tools, improving access to “responsible” value chains.

 

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