PepsiCo’s operating profits at high risk due to climate change and transition

PepsiCo could be exposed to USD 4.4 billion of climate related risk per year, by the end of the decade , on its current emissions trajectory. The food and beverage giant fails to disclose the material financial impact associated with potential Carbon Pricing Mechanisms (CPMs) linked to its Scope 3 emissions, despite these accounting for more than 90% of the company’s overall emissions by 2030.

Continue ReadingPepsiCo’s operating profits at high risk due to climate change and transition

Defining biodiversity loss as a future risk is just ‘biocrastination’, says Planet Tracker

A number of the short-term risks identified in the World Economic Forum’s Global Risks Report 2023 include climate change threats such as a failure to mitigate climate change (ranked 4th) and a failure of climate change adaptation (ranked 7th). The omission of biodiversity loss from this list implies a lack of understanding of the interdependence of climate and nature and an absence of urgency - or Biocrastination..

Continue ReadingDefining biodiversity loss as a future risk is just ‘biocrastination’, says Planet Tracker

EU Regulation to cause log jam in commodity flows:
Financial Institutions are potentially in scope at first review

Deforestation regulation in the EU is likely to be adopted in the next 12 months requiring EU importers to confirm that cattle, cocoa, coffee, oil palm, rubber, soya, wood and derived products are deforestation-free. This Regulation asks a major question of importing corporates as to whether they have traceability within their supply chains and has the potential to disrupt corporates which do not have traceability and responsible sourcing embedded within their supply chain.

Continue ReadingEU Regulation to cause log jam in commodity flows:
Financial Institutions are potentially in scope at first review