Ceres new “Food Emissions 50” initiative calls on institutional investors worldwide to engage 50 of the purportedly highest-emitting US-based public food and agriculture companies with the aim of pushing those companies to reduce their emissions in alignment with the Paris Agreement.
The investor sign-on statement requires signatories to seek company commitments to:
- Disclose GHG emissions across their entire value chain and set science-based emission reduction targets aligned with 1.5 °C
- Develop and disclose comprehensive climate action plans for reducing emissions in line with what is needed to limit warming to 1.5 °C
- Implement the actions identified in those plans and disclose progress
This Emissions Disclosure Report details targeted companies’ emission disclosure and emission reduction targets publicly disclosed as of June 25, 2021. According to Ceres’ analysis of the disclosures, 19 companies disclose Scope 3 emissions from purchased goods and services; 15 companies disclose Scope 3 emissions from agriculture; and eight companies disclose Scope 3 emissions from land use change. As to emission reduction targets, 16 companies include Scope 3 and 10 companies include a reduction target aligned with 1.5 °C.
This post first appeared in the weekly Society Alert!