‘Building Businesses and Livelihoods through Sustainable Trade Finance’
What is FAST?
The Finance Alliance for Sustainable Trade (FAST) is an international, member driven, non-profit association representing financial institutions, producers and others dedicated to bringing ‘sustainably produced’ products to market. FAST grew out of a series of stakeholder meetings facilitated by the SCI as a means to addressing some of the challenges sustainable commodity producers in the developing world face in accessing finance.
What are FAST’s Goals and Objectives?
To ensure the continued growth of sustainable production and trade by increasing the number of producers in developing nations who successfully access quality trade finance.
What is FAST’s Geographic Focus?
FAST is an international organization based in Montréal, Canada. FAST operates on a global level servicing members and sustainable supply chains around the world.
What is the Projects Status and Timeline?
FAST projects seek to improve access to finance by improving global understanding of the challenges and opportunities associated with sustainable trade finance, as well as to reduce transaction costs in the delivery of sustainable trade finance by improving communication and transparency within the sustainable trade finance sector.
Members of FAST Include:
- Producers and Producer Organizations Involved in Sustainable Trade
- Socially Oriented Lending Institutions
- Stakeholders in the Commodities Supply Chain
- Development Focussed NGO’s
- Socially Motivated Investors
As a facilitator of the development and launch of FAST, the SCI has played an integral role working with the FAST team to develop a roster of projects and initiatives aimed at improving producer access to the finance and financial resources.
Together with FAST the SCI aims to develop the financial management skills of sustainable producers, improve access to finance and financial services and gather data that demonstrates the sustainable development impacts generated from socially oriented lending – to advocate for further investment.
FAST and the SCI work collaboratively to develop critical financial based project components that feed into other SCI projects such as SCAN and COSA. The SCI also provides FAST with research, advice and expertise that contribute to the continued development of the alliances overall programs.
Download the FAST Project Profile below: