Investing in Agricultural and Mining Sustainability

PRESS RELEASE
Published April 5, 2023

Many of the world's poor live in rural areas, where agriculture is the primary food source and income. Smallholder farmers in developing countries play a critical role in the population's well-being, so investment and innovation in this industry are crucial. At the same time, it is necessary to consider a number of problems that this sector faces, including climate change, environmental pollution, the need to increase production to meet the needs of a growing population, and the loss of biodiversity.

Today, the sustainability of agriculture is more critical than ever. It is necessary to increase the area under crops and improve the quality of products, reducing the negative impact on the environment and the number of resources consumed. In addition, it is also vital to create opportunities for growth and poverty reduction in developing countries through agriculture.

Sustainable mining also plays a vital role in environmental responsibility. It is crucial to reduce the negative consequences of the industry for the environment, management and social aspects. Technology adoption significantly supports achieving these goals, which is why EOS Data Analytics has joined the EU's Horizon 2020 project . It is also essential to meet the needs of society for the resources of today's population in such a way as to provide future generations with them.

Principles of Responsible Investment

The development and deployment of technologies that contribute to the resilience of various industries today are being developed thanks to investments and the interest of farmers and actors in other sectors in adapting to climate change and reducing the negative impact on nature.

One of the leading technologies contributing to sustainability is satellite technology, which allows you to monitor fields and detect changes, solving crop problems on time. Satellite imagery analytics also helps see what is unavailable to the human eye and make better decisions based on accurate data.

Contribution to Food Security

States support their commitment to food security and the right to adequate food through responsible investment in sustainable agriculture. This is important for respecting human rights and fighting poverty at the regional, national and global levels. It is necessary to increase the production of nutritious and diverse foods and reduce food losses. An important point is also to improve the sustainability of agricultural systems and ensure market transparency.

Sustainable Economic Development

Responsible investment also involves contributing to inclusive economic development and poverty eradication through respect for fundamental principles and rights at work, including eliminating the worst forms of child labour. An essential part of such investments is creating new jobs, ensuring occupational safety and health, contributing to rural development and providing social protection, education and health.

Gender Equality and Women Empowering

Gender equality and women's empowerment are essential components of responsible agricultural sector investment. It's necessary to ensure fair treatment of all people, eliminate all practices that violate the rights and discriminate against women, and ensure an equitable distribution of benefits. It is also vital to support women's rights to own natural resources, receive education and increase meaningful participation in partnerships.

Engage Youth

Responsible investment empowers young people by increasing access to natural resources, education, fertile land, and markets. Providing and developing training and mentoring programs for young people is also essential. Young people should also be able to access innovation.

Conserve Natural Resources

An essential component of responsible investment is the management of natural resources and disaster risk reduction by reducing the negative impact on biodiversity, reducing air pollution, and supporting local communities. It is also vital to support agricultural systems that support the lives of smallholders and help them adapt to climate change.

Respect Cultural Heritage

Responsible investment involves respecting cultural heritage and traditional knowledge and recognizing the vital role of indigenous peoples and local communities in the food system. The fair distribution of benefits and genetic resources must also be accompanied by respect for international laws and the rights of indigenous peoples. The introduction of innovative technologies adapted to local conditions and by mutual agreement is also crucial in this paragraph.

Promote Safe Systems

Promoting safety and health occurs through improving product quality and supporting crops and animals' health. Also, efforts are aimed at reducing risks to public health and controlling food safety.

Raising awareness of food quality also strengthens the capacity of the food system. It is also essential to provide consumers with choice and access to nutritious, varied and safe foods. It is crucial to cover consumer demand following national and international laws and consumer preferences.

Inclusive and Transparent Structures

Compliance with national and international laws must be respected, as well as decision-making and complaints mechanisms accessible to all. This also applies to effective consultation with Indigenous Peoples to obtain informed consent and consider specific positions. It is also necessary to create and maintain mechanisms for settling disputes and accepting complaints, which will also be available to the most vulnerable segments of the population.

EOS Data Analytics Participation In Horizon Europe

Horizon 2020 is one of the EU green economy projects. This ambitious initiative supports research and promotes innovation. The Goldeneye project is developing solutions to improve the sustainability and safety of mining operations.

EOS Data Analytics, a satellite analytics provider that creates software products and customized technology solutions for various industries, is committed to applying space technology for the benefit of humanity. For Goldeneye satellite data plays an important role. The company has joined the European Horizon project to bring its vast experience to the GoldenEye program and help make efficient and safe decisions in the industry.

Extensive experience in science and analytics has enabled EOS Data Analytics to develop an algorithm for statistically scaling surface temperatures from Landsat-8 data to achieve the higher spatial resolution of Sentinel-2. The algorithm is based on the ElasticNet regression method, the advantage of which is that its dependence on the classes of the Earth's surface is minimal. It enables surface temperature maps containing details unavailable on the original satellite images.

Stakeholders

The principles of responsible investment are promoted by all stakeholders, including governments, private and public organizations, small farmers, and educational organizations, following the needs and mandates. They can support and disseminate these principles locally, nationally and globally.

Agricultural systems workers play a critical role in farming systems. Workers themselves and workers' organizations promote and encourage the implementation of decent work principles and direct their efforts towards sustainable and inclusive economic development. In addition, their role is crucial in social interaction with other stakeholders.

Education and disseminating helpful information about technologies contributing to the industry's sustainability are also vital. Various organizations can share information about technological solutions that make farming easier. For example, platforms such as EOSDA Crop Monitoring enable growers to detect crop threats on time and take effective measures to protect plants and increase field productivity.

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