Caught by idhsustainabletrade.com
IDH strives to increase smallholder farmers’ earnings in a variety of industries and environments. We introduced the Income Driver Calculator (IDC), a data-driven decision tool to assist organizations and practitioners with living income goals, today at the Living Wage & Living Income Summit 2024. As a component of IDH’s comprehensive toolkit for our Living Income Roadmap, the tool can:
- Assess the living income gap,
- Measure the impact of each income driver,
- Build scenarios based on specific interventions and
- Analyze the impact of the interventions on the residing income gap.
An online tool called the Income Driver Calculator assists businesses in determining the extent of the living income gap by utilizing aggregate data and facilitating data-driven decision-making to pinpoint the most successful tactics. To visualize the results and facilitate successful communication, users can construct scenarios that help them comprehend the contributions of the various income sources required to close the living income gap.
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The Living Income Community of Practice (LICOP), GIZ, and IDH will emphasize the ideas of inclusion and shared responsibility in developing living income during the Living Wage & Living Income Summit 2024.
Stephanie Daniels, co-founder of LICOP and senior program director of the Sustainable Food Lab, an international network of leaders dedicated to resilient food systems and the Living Wage & Living Income Summit 2024 – IDH – the Sustainable Trade Initiatives, discussed the five principles during the Summit’s Celebrating Innovations and Milestones session.
- Commit to Long-term Relationships and Due Diligence Practices
- Manage and measure Living Income Commitments with Inclusivity
- Champion the Essential Role of Farmers in Global Sustainability and Resilience
- Invest Together in Farmers’ Livelihoods
- Leverage Legislation to Benefit Smallholder Farmers
People are invited to take part in putting these concepts into practice by the three organizations.
“Let’s work together to make these promises a reality, realize the potential of the aspirational concept of living income, and advance smallholder farming in a meaningful way on a global scale.”
