CASE STUDY 7 FMC for Food – incentivizing mangrove-positive food supply chains Building on the success of the World Economic Forum’s First Movers Coalition (FMC) for clean technology – the world’s largest demand signal for clean technology – the First Movers Coalition for Food focuses on shaping ideas to accelerate the transition of food systems through a systemic supply chain approach via the power of green procurement. The corporate member-driven process of FMC for Food includes establishing a consensus definition of what high-integrity means for each target commodity and identifies innovations needed for a successful transition, levers of influence, the role of the demand signal and necessary enabling financial mechanisms. Aquaculture, rice cultivation and oil palm plantations collectively accounted for 43.3% of mangrove loss between 2000 and 2020.121 Additionally, transitioning supply chains that involve Indigenous Peoples and local communities, such as agriculture and aquaculture in Indonesia, can be relatively complex and require multi-stakeholder collaboration that addresses multiple obstacles to the sustainable transition of the supply chain concurrently. As such, the FMC for Food approach can be valuable to reward food supply chains for being mangrove-positive – an approach that can halt the destruction of mangroves. Mangroves can also be restored such rewards lead to innovations that support regenerative mangrove-positive agriculture or aquaculture. 3.6 Overview of the process to develop high-quality projects Developing high-quality mangrove-positive projects requires a methodical approach comprising the following steps (see Table 3): 1. Visioning 2. Mapping and preliminary assessment 3. Full assessment and consultation 4. Partnerships and design 5. Achieving preconditions 6. ImplementationAs corporations start to undertake mangrove- positive action, they should consider the full breadth and depth of the high-quality project development overview process to better understand the amount of time and work that must go into a project to ensure it is of high quality. Doing so will ensure companies are more able to support projects to become high-quality and investable. No shortcuts to this process can be taken without degrading the ultimate impact to mangroves and relevant local communities over the long term. Source: World Economic Forum.122 Investing in Mangroves: The Corporate Playbook 33

Investing in Mangroves 2025