Food Industry's Already Massive Climate Footprint Grows in 2023

Food Industry's Already Massive Climate Footprint Grows in 2023

Food Industry's Already , Massive Climate Footprint , Grows in 2023.

'Time' reports that the world's top meat and dairy producers continued to increase their greenhouse gas emissions in 2023.

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According to a report by FAIRR Initiative, disclosed emissions from the 20 largest publicly-listed meat and dairy companies increased 3.3% compared to 2022.

Those top 20 companies include Hormel Foods Corp.

And China's New Hope Liuhe Co., which supply meat for massive brands like Walmart and McDonald's.

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Those top 20 companies include Hormel Foods Corp.

And China's New Hope Liuhe Co., which supply meat for massive brands like Walmart and McDonald's.

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Those top 20 companies include Hormel Foods Corp.

And China's New Hope Liuhe Co., which supply meat for massive brands like Walmart and McDonald's.

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The world's food industry has an immense climate footprint that accounts for almost a third of global greenhouse gases.

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The world's food industry has an immense climate footprint that accounts for almost a third of global greenhouse gases.

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Livestock accounts for about 14.5% of worldwide emissions.

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While the FAIRR report highlights some companies that have managed to reduce their emissions, like Tyson Foods Inc.

And Danone SA, it found varying levels of climate commitments.

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While the FAIRR report highlights some companies that have managed to reduce their emissions, like Tyson Foods Inc.

And Danone SA, it found varying levels of climate commitments.

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According to the report, nearly two-thirds of companies didn't disclose Scope 3 emissions, which include indirect emissions produced along company value chains.

We need to get these companies up to the same standard, irrespective of where they’re sitting, Oshni Arachchi, head of active ownership at Danske Bank A/S, via 'Time'.

The report also found that only four out of those top 20 companies have net-zero goals.

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We’ve long known that humanity can’t fix climate change without fixing the way we feed the world, Jeremy Coller, private equity investor and founder of FAIRR, via 'Time'