More coordination required: Scaled impact through a multistakeholder platform Commercial capital Capital coordination structureCatalytic capital Value chain player Blended ﬁnance facility Blended ﬁnance facility Blended ﬁnance facilityThese financing models offer different ways for commercial banks to engage in food systems transformation. However, the scalability and complexity are still challenging. More coordination is needed across the entire value chain, bringing together farmers, agrifood companies, retailers, financial institutions, catalytic funders such as philanthropists, multilateral development banks and impact investors, data providers, and governance authorities. Capital coordination structures can help align the interests of those different stakeholders. They lower the burden of due diligence and make investing more accessible by offering a wider range of financial products available. Capital coordination structures achieve this by: –Curating a portfolio of initiatives that support farmers in driving change at scale –Crowding in diverse sources of capital across commercial, concessionary and catalytic sources –Aggregating key actors across the system to fill key capabilities (e.g., MRV, technical assistance, financial actors, corporate actors) These evolved capital coordination structures are already being tested for select food production systems. One example of a multi-stakeholder platform is the Innovative Finance for the Amazon, Cerrado and Chaco (IFACC) initiative, launched in 2021 by the UN Environment Programme, the Tropical Forest Alliance and the Nature Conservancy. This alliance supports the development and scaling of various financing mechanisms for sustainable beef and soy production in Latin America. IFACC sees expansion of such investment as critical for transforming food production in these biomes. To do so, it brings together leading companies, asset managers, banks and investors in different combinations to fund projects (called “products”) that reflect a variety of agriculture financing needs. 17 “products” have been created so far. IFACC has raised $4.6 billion in committed funds and disbursed ~$500 million to farmers. Its goal is to raise $10 billion in funding by 2030.20 Putting Food on the Balance Sheet 15

Putting Food on the Balance Sheet 2025