Too often, ESG activists use annual meetings to implement policy not improve profits. The groups who resubmitted a twice rejected proposal to Exxon exemplify the problem.
The dramatic increase of emitted greenhouse gases (GHGs) by humans over the past century and a half has created an urgency for monitoring, reporting, and verifying GHG emissions as a first step towards mitigating the effects of climate change. Fifteen percent of global GHG emissions come from agriculture, and companies in the food and beverage industry are starting to set climate goals. We examined the GHG emissions reporting practices and climate goals of the top 100 global food and beverage companies and determined whether their goals are aligned with the science of keeping climate warming well below a 2 °C increase. Using publicly disclosed data in CDP Climate reports and company sustainability reports, we found that over two thirds of the top 100 (as ranked by Food Engineering) global food and beverage companies disclose at least part of their total company emissions and set some sort of climate goal that includes scope 1 and 2 emissions. However, only about half have measured
By Celine Castronuovo - 04/20/21 11:40 AM EDT
The International Energy Agency (IEA) on Tuesday said that global carbon dioxide emissions are expected to increase by 5 percent in 2021, the second largest jump in history.
The intergovernmental organization in its Global Energy Review 2021 unveiled the predicted emissions increase, which was previously anticipated following a drop in 2020 amid pandemic lockdown orders and economic slowdowns that decreased production.
However, IEA Executive Director Fatih Birol said Tuesday that the agency’s prediction of emissions surging by 1.5 billion tons this year is “a dire warning that the economic recovery from the Covid crisis is currently anything but sustainable for our climate.”