He also drew attention to the importance of private sector capital for the incubation period for these types of sustainable businesses and innovation. He cited venture capital that takes early-stage risks and private equity to provide growth capital.
“The banking sector has an important role to play too in risk mitigation in developing countries and governments,” he added.
The US has also stepped-up its efforts with the publication of the National Strategy on Food, Nutrition and Health designed to end hunger and encourage healthier eating.
It includes five pillars addressing food insecurity, diet-related diseases and health conditions. In particular, it aims to increase access to healthy food, improve food labelling and limit the marketing of unhealthy foods.
The US Global Food Security Strategy 2022-2026, published last week, is also designed to end global hunger, poverty and malnutrition, building on the previous five-year strategy. This includes promoting sustainable agriculture-led economic growth, nutrition, and resilient food systems.
Franklin Resources, a Californian-based firm, is a global investment management organisation with subsidiaries operating as Franklin Templeton, with about $1.45 trillion in assets under management. Based in London, Unilever is a British multinational consumer goods company, with total assets of €75 billion ($73. billion).