Quick read: Why measuring climate impact is business-critical for food companies.

This quick-read article summarizes why it's business-critical for you as a food brand, processor, or mill to know, and show, the climate impact of your sourced commodities and consumer goods.

1. Global climate targets.

The food industry is responsible for 1/4th of the global GHG emissions making it a significant contributor to climate change. All companies are expected to do their share to ensure we reach the climate goals set in the Paris Agreement.

And you can lead the way; the work starts from understanding where you stand today.

2. EU’s climate targets and CSRD.

The European Commission has already taken steps on global climate goals and introduced a new reporting directive: Corporate Sustainability Reporting Directive, CSRD. 

This directive requires all European companies to align their business strategies with the EU’s climate targets (net-zero emissions by 2050) and expand their environmental sustainability reporting. As an EU-based company, you will be expected to report e.g. your current greenhouse gas emissions and disclose your emission reductions. 

The directive is entering force fast: large enterprises will be obliged to report under CSRD in January 2024. Smaller companies are required to do so soon after.

Now’s the time to ensure that your company has the systems and processes needed for reporting the full scope of your emissions baseline. 

3. Your own sustainability commitments.

Your company may be among those that have made public commitments to international climate initiatives, such as the Science Based Targets Initiative. Or perhaps you have set your own emission net-zero or reduction targets.

In any way, measuring and communicating your current emissions baseline will be the first step in your journey to reach these targets, as this baseline will become your reference point for measuring your progress going forward.

4. Brand and stakeholder management.

Communicating your current climate impact is highly valuable for brand and stakeholder management.

By providing transparent data about your emissions, you can demonstrate your sustainability commitment towards your customers and stakeholders - and get ahead of the competition.

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Do you want to become climate compliant, but the landscape seems challenging to navigate?
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