PUBLICATIONS

FINANCIAL INSTITUTIONS COULD CUT 60% OF GLOBAL FOOD SYSTEMS EMISSIONS BY 2030

Planet Tracker’s new report Financial Markets Roadmap for Transforming the Global Food System captures data from 400,000 companies across 160 countries covering the whole food system including seafood, the largest combined analysis of its kind. The estimated annual global investment to achieve world-altering results is just USD 300-350 billion – equivalent to 4% of the USD 8.6 trillion of current investment.

Nature’s role in a liveable future for all – a commentary on the latest IPCC report

The IPCC Sixth Synthesis Report underscores the urgency of taking more ambitious action and shows that, if we act now, we can still secure a liveable sustainable future for all. It demonstrates a clear recognition of the interconnection between nature and climate. A number of intertwined factors need to be addressed by policymakers alongside climate change. This includes nature and its ecosystems.

Net Zero Transition Plan Assessment Template For Investors In Consumer Goods Companies

Decarbonisation is a business imperative for companies looking to remain competitive in the long term. As such, organisations must develop a clear understanding of their current carbon footprint and devise strategies for reducing and ultimately eliminating their emissions. According to the Science Based Targets initiative (SBTi) this ‘climate transition process’ has set over 1,600 companies on a 30-year journey to Net Zero. Planet Tracker, has developed a disclosure assessment template which can be used by investors and lenders to determine the credibility of a company’s climate transition plan.

Stressing about water footprints

The United Nations (UN) 2023 Water Conference in New York from 22 to 24 March 2023 will be the first UN Conference to focus strictly on water since 1977. It builds on the momentum generated by frameworks such as the Paris Agreement and the Global Biodiversity Framework. Commonly traded food products consume vastly different amounts of water. This blog examines how much water major food products require and exposes this hidden trade network. For example, cocoa beans consume 100 times as much total water as sugar crops. Beef, the most water-intensive animal derived product, consumes about 3 to 4 times more than chicken or pork.

Red Carpet Fashion Needs to be Green

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 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.

Planet Tracker has issued the largest combined analysis of its kind based on company activity pinpointing exactly how and where investor action should be targeted for urgent food system transformation before 2030. Planet Tracker’s six priority actions for financial institutions would cut global emissions by 20%, and the food system’s footprint by 60% – saving 10 gigatonnes of CO2e, equivalent to double US’ current emissions and producing an estimated economic benefit of over USD 1.5 trillion.

PepsiCo’s transition plan fails to align the company with its goal of a 1.5°C pathway by 2030. The food & beverage giant is exposed to a potential financial risk of USD 4.4 billion per year, by the end of the decade, or 42% of its three-year annual operating profit. PepsiCo is on a path to miss crucial targets set by the Science-Based Targets initiative by 58% while their current emissions trajectory and sparse data reporting aligns the company with a 2°C warming scenario by 2030.

The World Economic Forum’s 2023 Global Risks Report revealed that six of the world’s top 10 risks are related to the environment. However, whilst biodiversity loss and ecosystem collapse ranked fourth in the 10-year period, they only ranked 18th over the next two years, suggesting a lack of urgency. Investors and lenders across the world should demand a rethink from the executives of corporates and put an end to biocrastination.

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).

141 million tonnes of plastic packaging are currently produced every year, with the world’s leaders in plastic packaging consumption, including Coca-Cola, PepsiCo, Nestlé, Unilever, Mars and L’Oréal, using over 7.7 million tonnes in 2021. Currently less than nine per cent of plastic waste is recycled and attention is too often focused on the container’s material to the neglect of the type of label used. Increased regulation around higher recycled content in packaging has led to a rapid rise in the demand for recovered material. However, the availability of recycled plastics is not currently able to meet this rising demand. Consumer brands should adopt a self-help approach which ensures that labels are of the same material as the container. This would radically boost recycling rates and help to establish a closed loop recycling system that actively targets supply chain sustainability.

40 financial institutions are responsible for funding a methane footprint that could exceed 500 Mt CO₂e – nearly as big as the CO₂ emissions of Saudi Arabia. Hot Money names the 20 investors and 20 banks currently financing the methane-generating activities of fifteen leading meat and dairy companies worldwide, identified in terms of equity ownership, bond ownership and bank lending.

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