Reducing Emissions for Global Food Companies is Critical
🍟 Reducing Emissions for Global Food Companies is Critical.
Some global food companies, like McDonald's and PepsiCo, are struggling to reduce emissions across their value chains, despite ambitious sustainability goals. McDonald's, for instance, aimed to reach net-zero emissions by 2050 but saw its emissions increase by 12 percent in 2021 compared to its 2015 baseline. Much of these emissions are from Scope 3 sources, including suppliers like farmers. To address this, some companies are using carbon markets, such as Truterra and Indigo AG, to incentivize farmers to adopt more sustainable practices like "no-till" farming. However, there are concerns about the accuracy and durability of carbon offsets in agricultural carbon markets and the need for rigorous soil sampling to verify carbon content accurately.
The United Nations' Food & Agriculture Organization (FAO) is set to release a global food systems' roadmap during the COP28 climate summit in Dubai, which will recommend Western countries, including the United States, to reduce their meat consumption as part of efforts to cut greenhouse gas emissions.