Perhaps the most discussed fashion event of the year will be the Oscars – the Academy Awards – red carpet parade on 12 March 2023, with live streamed blogs of the fashion choices on show and much discussion in subsequent press coverage.

But one of the biggest challenges facing the fashion industry in its move towards greater sustainability is changing the way we consume fashion and a red carpet outfit is often the antithesis of a sustainable fashion choice.

PepsiCo’s transition plan fails to align the company with its goal of a 1.5°C pathway by 2030

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.

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..

Although biodiversity loss has begun to capture international attention, there is an apparent absence of urgency.

In the Planet Tracker Valuing the Food system dashboard, the user is able to adjust various valuation variables. We provide two main valuation approaches: Scenario 1 (S1) based on the number of businesses and Scenario 2 (S2) based on the protein price (both discussed in more detail in ‘How much is your food worth?‘).

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.

One indicator of the importance of a topic to investment managers is whether it features on the agenda at annual shareholder meetings. So where does biodiversity rank? How does it compare with the climate agenda? This blog shows that biodiversity is rarely discussed – although there are signs this will change.

Together, Carbon Tracker and Planet Tracker, have provided comments to the FCA’s Consultation Paper CP22/20: Sustainability Disclosure Requirements (SDR) and investment labels (October 2022).

Consumer brands should adopt a self-help approach which ensures that labels are of the same material as the container to boost recycling rates and help establish a closed loop recycling system that actively targets supply chain sustainability.