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Financialisation of the transnational food chain: from threat to leverage point?

Research output: Contribution to journalArticle

Original languageEnglish
Pages (from-to)316-342
Number of pages27
JournalTransnational Legal Theory
Volume9
Issue number3-4
Early online date2 Jan 2019
DOIs
DateAccepted/In press - 25 Oct 2018
DateE-pub ahead of print (current) - 2 Jan 2019

Abstract

The 2008–2009 spike in food prices brought to the forefront the link between the transnational food system and the mechanisms of finance. However, the interconnections between food and finance go far beyond trading in futures and buying indexes and is redefining the chain from farm to fork. Having identified the main implications of a financialised food system, the article identifies two categories of legal and quasi-legal reaction that differ in objectives and processes: the approach of those who prefer engaging from within the financial paradigm and that of those who call for more stringent regulations. With the use of examples, it then reflects on the potential and limits demonstrated by each approach in engaging with the financialisation of food and suggests that complexity and interconnections of finance may become allies against unsustainable practices. The tactical use of EU Directive 95/2015 on non-financial disclosure is analysed with particular care.

    Research areas

  • ESG, Financialisation, Food chain, Institutional investors, Legal activism

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Documents

  • Full-text PDF (author accepted manuscript)

    Rights statement: This is the author accepted manuscript (AAM). The final published version (version of record) is available online via Taylor & Francis at https://doi.org/10.1080/20414005.2018.1563434 . Please refer to any applicable terms of use of the publisher.

    Accepted author manuscript, 420 KB, PDF-document

    Embargo ends: 2/07/20

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