Agriculture is the most vulnerable to climate change

On August 16, at the seminar “How to create shared value to adapt to climate change?”, Dr. Nguyễn Ngọc Huy - Vice Chairperson of the Advisory Council at Sống Foundation, shared a life story of a beekeeper. He said that in recent years, honey bee colony numbers coupled with per colony honey yield have declined due to long droughts. According to the beekeeper, unsettled weather shifted the blooming season, which sometimes resulted in no flowers blooming so he had to carry his hives to the jungle to harvest the honey. Therefore, he realized the importance of jungles and developed the will to plant more trees for a better green cover

Climate change is no respecter of any sector, and agriculture is the most seriously affected. According to the World Resources Institute, flooding will make 40% of the farming land in the Mekong River Delta uncultivated if the sea level rises by 1 more meter. In addition, long-lasting heat waves will also lower worker productivity. Acknowledging the impact of climate change, Dr. Đỗ Xuân Hồng, Director of the Center for Technology Business Incubation of Nong Lam University in Ho Chi Minh City, voiced his concern: “Vietnam agricultural output might decrease by 20% or 30% if the temperature rises by 3 degrees.” 

A lot of companies are trying to take new directions to cope with climate change. In particular, a “creating shared values - CSV” model is being researched and integrated into their long-term business strategies. Dr. Nguyễn Việt Long, Vice Director of Ernst & Young Vietnam shared a typical example in applying this new model. He said: “A typical CSV application is a form of traceability between companies. This will help companies improve their quality as well as tighten the crop data management . Agricultural products that meet green standards not only benefit farmers' profit but also reduce the greenhouse gas emissions.”

At the seminar “How to create shared value to adapt to climate change?”, specialists, companies and community organizations agreed to join hands to help Vietnam become net-zero in 2050. 

The CSV model are also applicable to many other fields. In recent years, many companies such as Dear Klairs, Grab, Hewlett-Packard Việt Nam (HP Việt Nam) has integrated the CSV model into their business strategies 

#SốngFoundation,  #ResilientHousing, #Social_Impact_Business, #CSV

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