What do Smithfield, Tyson and Cargill have in common? Besides being three of the largest meat producers in the United States and the world, each of them has committed to reducing its climate footprint. But are they? Who is monitoring these companies to hold them accountable?
Today, IATP and GRAIN jointly published a first of its kind study that quantifies emissions from 35 of the world’s largest meat and dairy companies and scrutinizes their climate plans. What do these companies intend to do to reduce their share of emissions for the world to avoid climate catastrophe?
The short answer: These companies are pursuing growth strategies that will actually increase their emissions.
Our research shows that:
- The five largest meat and dairy corporations combined (JBS, Tyson, Cargill, Dairy Farmers of America and Fonterra) are already responsible for more annual greenhouse gas emissions than ExxonMobil, Shell or BP.
- The combined emissions of the top 20 meat and dairy companies surpass the emissions from entire nations, such as Germany, Canada, Australia or the United Kingdom.
- Most of the top 35 meat and dairy companies (16) either fail to report emissions entirely, or exclude their supply chain emissions, which account for 80-90 percent of emissions. Only four companies provide comprehensive emissions estimates.
- Less than half of the top 35 meat and dairy companies have announced any type of emissions reduction targets. Out of these, only six include emissions generated from the supply chain.
- If the growth of the global meat and dairy industry continues as projected, the livestock sector as a whole could consume 80 percent of the planet’s annual greenhouse gas budget by 2050.
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