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. | | | |
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. | | | | | | Much work remains to increase resiliency across the food industry. As food companies make strides, the Food Emissions 50 Company Benchmark measures corporate progress toward mitigating financial risk, supporting companies and their investors to unlock new opportunities to ensure long-term value. | | |
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Carolyn Ching
Director, Food and Forests, Research
Ceres | | | | |
Ceres is a nonprofit advocacy organization working to accelerate the transition to a cleaner, more just, and resilient world.    
| | | | | | Ceres is proud to receive these accolades as a reflection of our effectiveness, integrity and impact.
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