New food sector analysis highlights four key areas of corporate progress ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

[Image alt text: Ceres logo] < [link removed] > Dear John,

Today, Ceres released a new analysis that highlights four key areas where dozens of the largest food companies operating in North America are working to reduce emissions, better assess climate risk, and seize business opportunities in a more resilient food system. [Image alt text: Food Emissions 50 Company Benchmark] < [link removed] > Ceres’ latest analysis of the 50 companies in its Food Emissions 50 initiative shows:
- Stronger supply chain disclosure:30 companies report agricultural emissions from their supply chain, and 22 include emissions from land use change.

- More sophisticated climate scenario analysis:16 companies have conducted scenario analyses to help them identify operational, supply chain, and market transition risks, as well as business opportunities to build a more resilient food system.

- Opportunity in reducing potent agriculture emissions:Companies are starting to set reduction goals for specific gases, such as methane and nitrous oxide, that have a powerful warming effect.

- Major companies quantifying reduction strategies:5 companies have detailed, quantified reduction strategies that outline systematic approaches to meeting their goals, managing risk, and leading in value creation.

A notable finding is that companies are increasingly disclosing detailed information about the primary sources of their supply chain emissions, which often account for 95% of a food company’s overall emissions footprint. Agricultural activities like raising livestock and land use change, such as the clearing of forests for food production, represent the bulk of these planet-warming emissions.

Explore the Company Benchmark < [link removed] >

Much work remains to increase resiliency across the food industry. As food companies make strides, the Food Emissions 50 Company Benchmark < [link removed] > measures corporate progress toward mitigating financial risk, supporting companies and their investors to unlock new opportunities to ensure long-term value.Thank you, [Image alt text: Headshots 150x150 Ching]

Carolyn Ching

Director, Food and Forests, Research

Ceres [Image alt text: LinkedIn_icon 100px.png] < [link removed] >

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