[Recording] By leveraging their resources, expertise, and networks, philanthropic organizations and partnerships played a transformative role in advancing food security goals and creating a more sustainable and equitable food system for all. In this session, five leading philanthropies and agriculture-focused partnerships outlined their vision for building sustainable food systems for long-term food security.

In his presentation, Kevin Chen cited options to achieve 2060 carbon neutrality while ensuring food security: improve crop technologies (increase yields, improve fertilizer use efficiency); improve livestock technologies (reduce GHG emissions, improve forage use efficiency; reduce food waste and loss; adjust diets (reduce meat consumption); and combination of these approaches.

In his presentation, Arthur Hanson highlights the mutually reinforcing co-benefits and synergies between food and ecological climate security where projects must be nature-positive, carbon-neutral towards integrated rural development.

Yongping Zhai and Preety Bhandari emphasized that while institutions such as ADB can help mobilize financing towards low carbon and climate resilient development, the bulk of climate financing originates in countries where they are deployed. Ultimately, the greater role will lie on governments in ensuring that national policies are in place so that national budgets are allocated towards this purpose and incentives are provided to the private sector to channel funds in the right direction.

Lee Ann Jackson shared the need for policy dialogues, data and evidence, and institutional reforms to transform food systems. She cited OECD's work to improve messages on food security, environmental sustainability, and policy interventions so these help policy makers better informed thereby enabling them to find solutions to increase food system resilience, while maintaining environmental sustainability.

Alvaro Lario cited how IFAD helped farmers in transforming agriculture and help eradicate poverty through financing. He highlighted that investments are needed in small-scale agriculture as these create jobs and help reduce poverty and food insecurity. There is also the need for, stronger policy engagement, and improved strategic partnerships. He shared some of IFAD's work in helping smallholder farmers while partnering with NGOs and private sector.

In his presentation, Jiahua Pan highlighted that rural areas must lead the process towards carbon neutrality and contribute to net-zero carbon in urban areas. He highlighted that carbon neutrality will bring opportunities for rural prosperity while food security must be prioritized.

In his remarks, James Lynch highlighted the need for new approaches and integrated solutions to achieve carbon neutrality in the region, generate new revenues from renewable energy, and channel more private investments into research and development.

Dina Umali-Deininger discussed the different challenges, opportunities, and visions for the food system in the East and Asia Pacific. She also shared World Bank’s vision for the food system to achieve a healthy economy, people, and planet; highlighted World Bank’s strong focus on enhancing climate co-benefits trends in agriculture as well as leveraging public-private partnerships; and described how COVID-19 impacted exposed the food system’s weakness and how it made things matter worse.