Tropentag 2021, September 15 - 17, hybrid conference, Germany "Towards shifting paradigms in agriculture for a healthy and sustainable future"

Sustainable Development Goals in Agriculture and Responsible Investment: A Comparative Study from the Czech Republic and Ukraine

¹Sumy State University Ukraine, Chair of the International Economic Relations, Ukraine
²Sumy State University Ukraine, Chair of Accounting and Taxation, Ukraine
³Czech University of Life Sciences Prague, Fac. of Tropical AgriSciences - Dept. of Sustainable Technologies, Czech Republic
⁴Bila Tserkva National Agrarian University, General Ecology and Ecotrophology, Ukraine
⁵Sumy National Agrarian University Ukraine, Chair of Economics and Entrepreneurship, Ukraine

Abstract

This paper explores Sustainable Development Goals (SDGs - 2 and 12) in agriculture for the cases of the Czech Republic and Ukraine. The idea is to find best practices in SDGs 2 and 12 implementations within a responsible investment framework. For these purposes benchmarking (comparative analysis) is used. Using data from the Czech Republic and Ukraine over the period 2017-2020 a general comparative review of global and national targets of SDGs 2 and 12 in Ukraine and the Czech Republic is provided. The basis for the comparative analysis is information and statistical sources (The Czech Republic’s Voluntary National Review (2017), Sustainable Development Goals Ukraine. Voluntary National Review. (2020), abovementioned normative sources on SDGs and the database of Sachs et al. (2020). A key method of comparing progress in achieving SDG 2 and 12 in the agricultural sector of Ukraine and the Czech Republic, as well as the role of responsible investment in this progress, is benchmarking (comparative analysis)
Results justify a merely incorporation and compliance of these targets on the national and global levels. Identified problems in SDG 2 and SDG 12 progress are common for Ukraine and the Czech Republic and concern unequal access to investment and financial resources. Recommendations and solutions to the most important problems based on responsible investment instruments are proposed in this paper. The results of the research can be useful for regulators (both in agriculture and financial market), society, and a wide group of other stakeholders in promoting responsible investment towards more comprehensive SDG 2 and 12 progress in the Czech Republic and Ukraine to 2030.

Keywords: Responsible investment, sustainable consumption

Contact Address: Ricardo Chandra Situmeang, Czech University of Life Sciences Prague, Fac. of Tropical AgriSciences - Dept. of Sustainable Technologies, Kamýcká 129, 16500 Prague, Czech Republic, e-mail: ricardositumeanggmail.com