Tuesday, May 13, 2025
No Result
View All Result
newshub
  • Newshub news
    • Ukraine
  • Markets
    • Africa
    • Asia
    • Australia
    • Central Banks
    • China
    • Commodities
    • Corporate
    • Energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
    • South America
    • South East Asia
    • Stock of the week
    • UK
    • US
    • Europe
    • Japan
  • Investment
    • Stock of the week
    • WEX – (Company links takes you to WEX)
      • Alt Kap Holding AB
      • Digital Network Holding, Inc.
      • Fantas-E AB
      • International Clean Energy Inc.
      • Intritum Partner Limited
      • Intritum Recycling GH Limited
      • MSTRpay AB
      • SWAP Services, Inc.
      • TC Unterhaltungselektronik AG
      • Universal Streaming Technologies – USTA
      • VMT Holding, Inc.
  • Fintech
    • AI
    • Banking
    • Blockchain
    • Crypto
    • MSTRpay
    • Neobanking
  • Lifestyle
    • Best chefs
    • Cocktail of the week
    • History
    • Influential women
  • Newshub news
    • Ukraine
  • Markets
    • Africa
    • Asia
    • Australia
    • Central Banks
    • China
    • Commodities
    • Corporate
    • Energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
    • South America
    • South East Asia
    • Stock of the week
    • UK
    • US
    • Europe
    • Japan
  • Investment
    • Stock of the week
    • WEX – (Company links takes you to WEX)
      • Alt Kap Holding AB
      • Digital Network Holding, Inc.
      • Fantas-E AB
      • International Clean Energy Inc.
      • Intritum Partner Limited
      • Intritum Recycling GH Limited
      • MSTRpay AB
      • SWAP Services, Inc.
      • TC Unterhaltungselektronik AG
      • Universal Streaming Technologies – USTA
      • VMT Holding, Inc.
  • Fintech
    • AI
    • Banking
    • Blockchain
    • Crypto
    • MSTRpay
    • Neobanking
  • Lifestyle
    • Best chefs
    • Cocktail of the week
    • History
    • Influential women
No Result
View All Result
newshub
No Result
View All Result
ADVERTISEMENT

Big agriculture warns farming must change or risk ‘destroying the planet’

2022/11/03/09:44
in Climate & Energy, Market
Reading Time: 5 mins read
246 7
A A
Big agriculture warns farming must change or risk ‘destroying the planet’
MSTRpay MSTRpay MSTRpay
ADVERTISEMENT

A report sponsored by some of the largest food and farming businesses finds the pace of the shift to sustainable practices too slow

Food companies and governments must come together immediately to change the world’s agricultural practices or risk “destroying the planet”, according to the sponsors of a report by some of the largest food and farming businesses released on Thursday.

The report, from a task force within the Sustainable Markets Initiative (SMI), a network of global CEOs focused on climate issues established by King Charles III, is being released days before the start of the United Nation’s Cop27 climate summit in Egypt.

Many of the world’s largest food and agricultural businesses have championed sustainable agricultural practices in recent years. Regenerative farming practices, which prioritize cutting greenhouse gas emissions, soil health and water conservation, now cover 15% of croplands.

But the pace of change has been “far too slow”, the report finds, and must triple by 2030 for the world to have any chance of keeping temperature rises under 1.5C, a level that if breached, scientists argue, will unleash even more devastating climate change on the planet.

The report is signed by Bayer, Mars, McCain Foods, McDonald’s, Mondelez, Olam, PepsiCo, Waitrose and others. They represent a potent political and corporate force, impacting the food supply chain around the world. They are also, according to critics, some of those most responsible for climate mismanagement with one calling the report “smoke and mirrors” and unlikely to address the real crisis.

Food production is responsible for a third of all planet-heating gases emitted by human activity and a number of the signatories have been accused of environmental misdeeds and “greenwashing”. Activist Greta Thunberg is boycotting Cop this year having called the global summit a PR stunt “for leaders and people in power to get attention.”

“We are at a critical tipping point where something must be done,” said task force chair and outgoing Mars CEO, Grant Reid. “The interconnection between human health and planetary health is more evident than ever before..” Big food companies and agriculture must play a big part in changing that, said Reid. “It won’t be easy but we have got to make it work,” he said.

Agriculture is the world’s largest industry. Pasture and cropland occupy around 50% of the planet’s habitable land and use about 70% of freshwater supplies. The climate crisis is challenging the industry across the world but the group’s call for change comes as the industry – which employs 1 billion people – is facing supply chain issues in the wake of the coronavirus pandemic and soaring inflation. It also comes amid mounting scepticism about promises to change from companies that have contributed to climate change.

These current issues must not detract from the need for change, the report argues. “With the inflationary environment and widespread supply chain disruption, it would be easy to reduce our focus on the longer-term challenge of scaling regenerative farming. But we believe it’s vital we maintain a sense of urgency. We must take action now to avoid more acute crises in the future,” its authors write.

ADVERTISEMENT

Sunny George Verghese, chief executive of Olam, one of the world’s largest suppliers of cocoa beans, coffee, cotton and rice, said: “We can not continue to produce and consume food and feed and fibre in the way we are doing today unless we don’t mind destroying the planet.”

“The only way out for us is how we transition to a more resilient food system that will allow us to meet the needs of a growing population without the resource intensity we have today.”

The report studied three food crops, potatoes, rice and wheat, and has made policy recommendations it will present at Cop27.

The task force’s members are working to make the short-term economic case for change more attractive to farmers. “It’s just not compelling enough for the average farmer,” said Reid. More widely the report argues industry and government must also work harder to address the knowledge gap and make sure farmers are following best practices. Thirdly, all parties involved in the agriculture industry from farmers to food producers to government, banks and insurers need to align behind encouraging a shift to more sustainable practices.

“It involves change for all the players including the government, private, and public companies and others. No one player can do this on their own, this has to be a collaboration of the willing. What needs to happen now is action and delivery,” said Reid.

Over the next six months, the group will assess how they can spread the task force’s work with the aim of establishing a common set of metrics for measuring environmental outcomes, establishing a credible system of payments for farmers for environmental outcomes, easing the cost of farmers transitioning to sustainable practices, ensuring government policy rewards farmers for greening their business and encouraging the sourcing of crops from particular areas converting to regenerative farming.

Devlin Kuyek, a researcher at GRAIN, a non-profit organization that works to support small farmers, said it was increasingly difficult for big agricultural and food companies to ignore climate change. “But I don’t think any of these companies – say a McDonalds – has any commitment to curtail the sales of highly polluting products. I don’t think PepsiCo is going to say the world doesn’t need Pepsi.”

Kuyek pointed out that Yara, another signatory to the report, is the world’s largest supplier of nitrogen-based fertilizers, “which are responsible for one out of every 40 tonnes of greenhouse gas emitted annually.”

“It’s pretty disingenuous,” said Kuyek. “Small, local food systems still feed most of the people on the planet and the real threat is that the industrial system is expanding at the expense of the truly sustainable system. Corporations are creating a bit of smoke and mirrors here, suggesting they are part of the solution when inevitably they are part of the problem.”

WE/X WE/X WE/X
ADVERTISEMENT

Considering the controversial histories of some of the companies involved in the report, Verghese said he expected criticism and scrutiny. “All companies have to stand up to the scrutiny of being attacked if there is real greenwashing. There is no place to hide,” he said. “As far as Olam is concerned we are very clear on our targets, we have had the confidence to make these targets public. All of us have progressed along the sustainable journey. It is not that we have not made mistakes in the past but as we have become better at this we are willing to be subject to scrutiny.”

Both Reid and Verghese said the scale of the issues the world’s food supply is facing can not be underplayed but that more governments and companies were becoming convinced of the need for urgent change. “I believe change can be made,” said Verghese. “I am optimistic. The fact that these kinds of coalitions are emerging is very positive. We are all otherwise very strong rivals and competitors. We hate each other’s guts, we don’t come together on anything unless there is a huge crisis. Everyone is recognizing there is a huge crisis. We need to come together.”

Source: The Guardian

Related Posts

Asian markets rise as trade tensions ease; Europe and US set for gains
Asia

Asian markets open higher amid US-China trade progress

by newshub
24 hours ago

Asian equities started the week on a positive note, lifted by renewed optimism over US-China trade relations. Japan’s Nikkei 225 rose 0.3%, while...

Read moreDetails
Top 5 finance reads shaping global markets today, Tuesday

Sunday´s five most-read articles on finance

2 days ago
Looking back – Global markets steady as last week saw trade tensions, job cuts and strategic shifts

Looking back – Global markets steady as last week saw trade tensions, job cuts and strategic shifts

3 days ago
Todays most read articles: Markets stumble as Fed independence questioned and gold hits record high

Today´s five most-read articles on finance

3 days ago
Morning Bid: BOJ saves the day

European markets open cautiously amid global trade optimism

4 days ago
Asian stocks track Wall Street gains and Japan’s inflation slows

Asian markets open mixed as trade hopes offset regional tensions and Europa & Asia expectations

4 days ago
No Result
View All Result

Recent Posts

  • European markets open higher on US–China trade truce
  • China and US agree to lower tariffs in 90-day truce
  • newshub-finance reaches 10,000 weekly visitors as editorial push gains momentum
  • Trump plans to accept luxury 747 from Qatar to use as Air Force One
  • 20 of Europe’s best under-the-radar beaches

Recent Comments

    Archives

    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022

    Categories

    • Africa
    • AI
    • An diesem Tag
    • Asia
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Blockchain technology
    • Carbon
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Crypto
    • Deutsch
    • Deutsch PR
    • English PR
    • Europe
    • Focus on neobanking
    • Gas
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Japan
    • Lifestyle
    • Market
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • Newshub news
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Solar
    • South America
    • South East Asia
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Recent Posts

    • European markets open higher on US–China trade truce
    • China and US agree to lower tariffs in 90-day truce
    • newshub-finance reaches 10,000 weekly visitors as editorial push gains momentum
    • Trump plans to accept luxury 747 from Qatar to use as Air Force One
    • 20 of Europe’s best under-the-radar beaches

    Categories

    • Africa
    • AI
    • An diesem Tag
    • Asia
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Blockchain technology
    • Carbon
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Crypto
    • Deutsch
    • Deutsch PR
    • English PR
    • Europe
    • Focus on neobanking
    • Gas
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Japan
    • Lifestyle
    • Market
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • Newshub news
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Solar
    • South America
    • South East Asia
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind

    Archives

    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    WE/X WE/X WE/X
    newshub

    © 2023-2025
    A part of MSTRpay
    MSTRpay
    Legal & Disclosure

    • Newshub news
    • Markets
    • Investment
    • Fintech
    • Lifestyle

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Please enter CoinGecko Free Api Key to get this plugin works.

    Add New Playlist

    No Result
    View All Result
    • Newshub news
      • Ukraine
    • Markets
      • Africa
      • Asia
      • Australia
      • Central Banks
      • China
      • Commodities
      • Corporate
      • Energy
        • Climate
        • Carbon
        • Coal
        • Disruptive
        • Gas
        • Nuclear
        • Oil
        • Solar
        • Water
        • Waves
        • Wind
        • Renewable
      • South America
      • South East Asia
      • Stock of the week
      • UK
      • US
      • Europe
      • Japan
    • Investment
      • Stock of the week
      • WEX – (Company links takes you to WEX)
        • Alt Kap Holding AB
        • Digital Network Holding, Inc.
        • Fantas-E AB
        • International Clean Energy Inc.
        • Intritum Partner Limited
        • Intritum Recycling GH Limited
        • MSTRpay AB
        • SWAP Services, Inc.
        • TC Unterhaltungselektronik AG
        • Universal Streaming Technologies – USTA
        • VMT Holding, Inc.
    • Fintech
      • AI
      • Banking
      • Blockchain
      • Crypto
      • MSTRpay
      • Neobanking
    • Lifestyle
      • Best chefs
      • Cocktail of the week
      • History
      • Influential women

    © 2023-2025
    A part of MSTRpay
    MSTRpay
    Legal & Disclosure