Evaluating the Landscape of Greenhouse Gas Emissions and Climate Mitigation Goals of the Global Food and Beverage Sector

The dramatic increase of emitted greenhouse gases (GHGs) by humans over the past century and a half has created an urgency for monitoring, reporting, and verifying GHG emissions as a first step towards mitigating the effects of climate change. Fifteen percent of global GHG emissions come from agriculture, and companies in the food and beverage industry are starting to set climate goals. We evaluated the GHG emissions reporting practices and climate goals of the top 100 global food and beverage companies and determined whether or not their goals are aligned with the science of reducing climate warming to less than 2 °C. We found that two thirds of the top 100 (as ranked by Food Engineering) global food and beverage companies are setting some sort of climate goals, but fewer than half included scope 3 emissions in their goals. Only four companies have goals that are aligned with the goal of the 3% Solution: a 4.3% annual emission reduction until 2050. While an increasing number of companies are disclosing and setting targets that include scope 3 emissions, many still do not disclose or report any of their emissions. Our results highlight an urgent need to develop protocols for monitoring, reporting, and verifying GHG emissions and to provide transparent information on climate goals and targets.