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14-12: Land Contracts: Tools & Strategies for Greater Transparency
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Land Contracts: Tools and Strategies for Greater Transparency and More Responsible Investments
1Columbia Center on Sustainable Investment, United States of America; 2International Institute for Sustainable Development, Canada
Contracts often form a crucial element of the frameworks that govern land-based investments, defining parties’ responsibilities, allocating risks and benefits, and affecting a range of socio-economic and environmental issues. Yet investment contracts for commercial agriculture and forestry projects are often negotiated without the involvement of key stakeholders, approved through opaque decision-making procedures, and rarely made publicly available. These characteristics can lead to agricultural investments that fall short of recommendations regarding responsible investment and land governance, and fail to contribute to the sustainable development objectives of host countries.
This MasterClass, co-organized by the Columbia Center on Sustainable Investment (CCSI) and the International Institute for Sustainable Development (IISD), will present a range of tools, strategies, and lessons learned regarding land contracts and their implications for responsible land-based investments. The Class will include: an interactive discussion of key recommendations from IISD regarding the negotiation of land contracts; an interactive presentation of OpenLandContracts.org; guided contracts exercise; and a Q&A session.
The MasterClass aims to provide participants with tools and knowledge to support: improved understanding and analysis of land contracts; better understanding of the implications of land-based investment projects; and more informed decision-making regarding the negotiation of land contracts.