• By The Financial District

Investor Group: Livestock Industry Must Cut Methane Emission

A global push to cut methane emissions and end deforestation is at risk of being held back by weak corporate efforts in the livestock industry, an investor group said on Wednesday (Thursday, Dec. 1, 2021, in Manila), Simon Jessop and Ana Mano reported for Reuters.

Photo Insert: Less than a fifth of the world's biggest livestock producers currently measure even some of their emissions.

More than 100 countries pledged to cut methane emissions 30% and halt and reverse deforestation by 2030 at last month's COP26 climate talks, much of which will need to come from the livestock industry. The UN food agency said livestock accounts for 44% of man-made methane emissions.

Yet, less than a fifth of the world's biggest livestock producers currently measure even some of their emissions, a report from the FAIRR Initiative (FI), whose members manage more than $45 trillion in assets, showed.

"As the largest driver of both methane from human activity and deforestation, the ambitions set at COP26 handed a big slice of responsibility to the food and agriculture sector," said FI Chair Jeremy Coller.

"Yet failures from methane to manure management underline the growing sense in the market that cows are the new coal."

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In its fourth annual report, the group assessed 60 publicly listed animal protein producers worth a combined $363 billion on 10 environmental, social and governance-related (ESG) issues including emissions and antibiotic usage.

Among those to score highly were Norwegian aquaculture firms Mowi ASA and Grieg Seafood, while the highest-ranking meat and dairy companies were Maple Leaf, Marfrig, and Fonterra, all of which were defined as "low risk."

Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

Fellow large producers including the world's biggest meatpacker JBS SA and Tyson Foods were regarded as "medium risk."

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