Periodic Reporting for period 1 - InBestSoil (Monetary valuation of soil ecosystem services and creation of initiatives to invest in soil health: setting a framework for the inclusion of soil health in business and in the policy making process)
Reporting period: 2023-01-01 to 2024-06-30
InBestSoil is designed to have a lasting impact on the valuation and management of soil in Europe and beyond. By embedding the economic value of soil ecosystem services into both business and policy frameworks, the project is expected to enhance soil management practices through sustainable business models that incorporate soil health indicators, supporting the conservation and restoration of this essential resource. It also seeks to foster cooperation among diverse actors, including farmers, businesses, policymakers, scientists, and civil society, to collectively address soil degradation and promote inclusive, effective governance. Furthermore, the project aims to influence policy formulation by providing evidence of the economic importance of soil ecosystem services and offering actionable recommendations for establishing incentives and regulatory frameworks that promote soil health investment. Finally, InBestSoil aspires to drive social and technological innovation by involving local communities in creating solutions tailored to their needs and contexts, thus making a meaningful difference in how soil resources are managed and valued.
Further advancing our objectives, a systematic literature review was conducted to identify and classify nine archetypes of sustainable business models relevant to soil health. These models, categorized into “Environmental-Technological,” “Social-Organizational,” and “Economic” dimensions, offer a framework for scaling soil health interventions across different sectors. In one of our Living Labs in Switzerland, data collection and cleaning were completed through a large-scale survey encompassing over 2700 farms (from their existing database), yielding a robust dataset on soil health practices and providing valuable insights for project analysis. Moreover, project partners have developed a comprehensive protocol for designing sustainable business models. This protocol, grounded in an extensive literature review and enriched by insights from case studies and expert feedback, will guide future co-design workshops. These workshops scheduled for the upcoming reporting period, will engage participants in developing initial portfolios of sustainable business models. Finally, an exhaustive mapping of policies and economic incentives at European, national, and regional levels was conducted, highlighting the enabling conditions for sustainable soil management. Additionally, the project has identified and validated several financial case studies focused on economic innovation, including prioritized carbon farming practices and detailed SWOT analyses to assess the strengths, weaknesses, opportunities, and threats of proposed practices.