Risky business: ESG needs an agreed metric for agriculture and food
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There is no agreed method for measuring Environment, Social, Governance (ESG) credentials in agriculture and food. How can we address this?
OmniAction gathers experts from within its community to discuss the terrible risk that business and finace currently faces – and to explore how OmniAction might support efforts to address this.
According to FAIRR:
- 50% of the largest protein producer companies rank as High Risk, signalling chronic underreporting and poor management of major risk themes
- 70% of total sector emissions – typically within Scope 3 – remain largely untargeted for reductions. Only 18% of companies set a Scope 3 target.
- 60% of companies are yet to set targets for Scope 1 and 2.
- 82% of companies that produce meat and dairy do not disclose how they address water scarcity risks in feed farming.
- No beef producer in Brazil can trace the entire life cycle of its sourced cattle, with current monitoring systems missing an estimated 85-90% of deforestation.
Join our panelists:
- Catherine Chong, ESG and sustainability advisor
- Sarah Blanchard, head of ESG at Prof. Consulting Group and a consultant for International Finance Corporation
- Helena Wright, Policy Director at FAIRR
We’ll be seeking to update our Charter of Global Food Impacts with the insights gathered.