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The world’s biggest meat-packers have announced net-zero targets, as the industry tries to reassure the public that despite the urgency of the climate emergency, there’s no need to cut back on our burgers and steaks. Nestlé is paying ranchers for regenerative grazing practices that get sold as carbon credits. It’s possible.”
Most companies support a range of sustainability projects (reducing plastic bag use, promoting local food) and make a variety of claims using buzzwords like “natural” or “green,” but without credible, internationally recognized, third-party standards and verification, the threat of greenwashing looms large. .
COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to netzero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to netzero, even by those who acknowledged its multiple caveats.
Effective climate action and justice can take many forms, including developing new materials that reduce waste and harm to the Earth, or operating with transparency rather than under the guise of greenwashing. For B Corps, it’s all part of the continual journey toward improvement and a more inclusive and regenerative economy.
The reality is that nearly 60 percent of Fortune 500 companies still have no netzero strategy in place. To cut emissions would require activities like stopping deforestation and using regenerative farming techniques while increasing removals means reforestation and wetland conservation, for example. billion tons by 2030.
A greater focus on phasing down fossil fuels and ensuring transparency around netzero goals emerged in Sharm El Sheikh, writes We Mean Business Coalition CEO María Mendiluce. Business welcomes greater transparency in reporting on netzero goals. This will require a credible netzero roadmap for the oil and gas industry.
At least part of the plan is to learn from the mistakes made with voluntary carbon markets – still viewed with suspicion as the most public and unacceptable face of greenwashing , only now retrieving their reputation and potentially on track to achieving their potential.
In a huge step forward for netzero economies and supply chains, the U.S. Meanwhile Natasha Santos, VP, Head of Global Stakeholder Affairs & Strategic Partnerships at Bayer spoke of the 200 million hectares now covered by farmers in their supply chain using regenerative practices. C-aligned science-based targets.
And then there’s the opportunity for companies to offset their emissions, since trees are a natural climate solution that can help draw down greenhouse gases, especially firms adopting net-zero commitments (see below). The Regenerative Organic Alliance developed a standard to support farmers who promote soil health.
Built environment This month, we look at global developments around heat pump technologies: First up, the UK Department for Energy Security and Net-Zero has committed nearly £80 million in funding for four green heating projects across England. 128 companies are committed to improving their energy efficiency through EP100.
There are accusations of greenwashing from one side, ‘wokeism’ from another, and a lingering question on everyone’s lips: is it making a difference? Are all those netzero commitments really ambitious enough? When we think about an ethical culture or regenerative supply chain, we are not seeking a single attribute.
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