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Article

10 Sep 2015

Author:
Frances Way, Guardian (UK)

Food, beverage & tobacco firms fail to disclose greenhouse gas emissions despite high exposure to climate-related impacts, says Carbon Disclosure Project report

“Food and drink companies found to be ignoring biggest impact on climate", 3 Sept 2015

The vast majority of the world’s biggest food, beverage and tobacco companies are ignoring their largest climate impacts by failing to disclose emissions from agricultural production, according to a new CDP analysis…For companies in the food, beverage and tobacco sectors, climate change presents a two-fold challenge: the industry is highly exposed to climate-related impacts, but is at the same time a major contributor to increasing global greenhouse gas (GHG) emissions levels – particularly from agricultural production, which according to the IPCC causes 10-14% of global GHG emissions…KPMG has warned that inaction on climate change could threaten the financial viability of the food industry… Companies are…realising that they cannot do it alone. General Mills states that there is much to be achieved in pre-competitive collaboration across the industry when tackling emissions in agriculture…[also refers to Diageo, SABMiller, Dairy Crest group]