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NovoNutrients Scaling Up with Project Funding Plus $9M in Equity
NovoNutrients, an alternative proteins company that uses industrial carbon dioxide emissions, cheap hydrogen and naturally occurring microbes to create high-grade proteins for human and animal consumption, today announced a $4.7 million raise led by Hong Kong-based global venture firm, Happiness Capital.
NovoNutrients previously raised $4.3 million in venture backing, as well as a multiple of that in non-dilutive, corporate project funding commitments. NovoNutrients will use the project funding to complete its industrial pilot program, which captures CO2 emissions, at an oil and gas...
JBS Releases 2020 Sustainability Report
JBS USA, a leading global food company and the majority shareholder of Pilgrim’s Pride Corporation released its 2020 Sustainability Report: Celebrate Your Foodprint, which includes new aggressive global targets and completion of its 2020 sustainability goals. The report transparently details the company’s sustainability actions across its global operations in North America, the UK, Continental Europe, Australia and New Zealand.
“Our sustainability promise is stronger than ever, as we deliver on our goals and continue to raise the bar for more sustainable food production,” said Andre Nogueira, JBS USA CEO. “We have established a new vision...
Pilgrim’s Shares 2020 Sustainability Achievements
Pilgrim’s announced the release of its 2020 Sustainability Report, which includes the five-year results of its 2015 sustainability goals and aggressive new global targets that will guide the company’s sustainability strategy over the next decade and beyond. The report transparently details the company’s progress in key priority areas – animal care, team members, environment, communities, customers and consumers, and suppliers – across its operations in the UK, Continental Europe, Mexico and the United States.
Pilgrim’s has established sustainability as core to its business strategy, adopting industry-leading initiatives that build on the company’s long-standing commitment to sustainable food production. Pilgrim’s is the first major global meat and poultry company to offer a sustainability-linked bond tied to...
Greenhouse Gas Emissions in Beef Supply Chains: Opportunities for Reductions and Leadership
Beef supply chains account for about 6% of global greenhouse gas (GHG) emissions, of which about half are accounted for by the beef production stage of the supply chain. New and emerging technologies and management practices, covering feed production, cattle breeding, cattle feeding, and soil and pasture management, all offer significant opportunities to reduce emissions. Reduction of global beef supply chain emissions can be also achieved by transferring best practices from the most efficient beef supply chains to less efficient ones.
Food and agribusiness (F&A) company commitments to lower the supply chain GHG emissions of beef and other animal proteins are on the rise. Rabobank believes that in most regions these initiatives are likely to...
Tyson Foods Targets 2050 to Achieve Net Zero Greenhouse Gas Emissions
Tyson Foods announced its ambition to achieve net-zero greenhouse gas (GHG) emissions across its global operations and supply chain by 2050, including scopes 1, 2 and 3. As the first U.S.-based protein company to have an emissions reduction target approved by the Science Based Targets initiative (SBTi), this ambition, in conjunction with the release of the company’s fiscal year 2020 (FY20) Sustainability Progress Report, underscores the company’s commitment to help combat the urgency of the growing climate change crisis.
“At Tyson Foods, we believe progress requires accountability and transparency and we are proud to exemplify that as we work to achieve net-zero greenhouse gas emissions by 2050,” said John R. Tyson, Chief Sustainability Officer, Tyson Foods. “As the first U.S.-based protein company in the food and beverage sector to have...
Smithfield Foods Expands Sustainability Program in New Report
In addition to its industry-leading greenhouse gas (GHG) reduction commitment to become carbon negative in all U.S. company-owned operations by 2030, Smithfield Foods, Inc. today announced it will reduce GHG emissions across its entire domestic supply chain 30 percent by 2030. This new goal builds on the company's prior pledge to reduce greenhouse gas emissions across its domestic supply chain 25 percent by 2025. Smithfield also announced that it will obtain 50 percent of its electricity from...
Burger King Rolls Out Green Packaging Pilot Program
Burger King is committed to being part of a more sustainable future by reducing its environmental footprint. That’s why, the company is continuing its journey by launching a green packaging pilot program focused on finding scalable solutions for eight of its most-used, guest-facing items including forks, spoons, knives, straws, drink lids, Frypods®, Whopper® wrappers and napkins.
The guest packaging will be tested in 51 company-owned restaurants in Miami and utilizes alternative materials, such as Frypods® made with renewable unbleached virgin paperboard; cutlery made with cPLA, a plant-based plastic; and napkins made with 100 percent recycled fiber. Burger King will also be testing paper and plant-based straws along with strawless lids, which could potentially eliminate up to...
Yum! Brands Announces Approved Science-Based Targets to Address Climate Change
Yum! Brands, parent company of KFC, Pizza Hut, Taco Bell and The Habit Burger Grill restaurants, announced it will decrease its greenhouse gas (GHG) emissions 46% by 2030 in partnership with its franchisees, suppliers and producers as part of its broader strategy to address climate change. Additionally, Yum! pledged to achieve net-zero emissions by 2050. The science-based targets (SBTs) are consistent with reductions required to keep warming to 1.5ºC and have been approved by the Science Based Targets initiative.
“Climate change is one of the top priorities of our Recipe for Good strategy, and we’re investing significantly in sustainable growth to address this issue by working closely with our brands, franchisees and suppliers,” said David Gibbs, Yum! Brands CEO. “We believe in the collective power of Yum! and...
Weis Markets Makes Progress in Reducing Its Environmental Impact
Weis Markets announced its continued progress toward reducing the company's overall environmental impact last year, achieving its goal of a 20 percent reduction of greenhouse gas emissions by 2020.
The company's progress is reported in the new 2020 Sustainability Report: Weis by Nature. The report details the company's progress during 2020, including new partnerships to divert food waste from landfills, innovative measures to reduce truck fleet fuel consumption, and a continued focus on conserving resources and...
Study Confirms U.S. Beef Industry is the Most Sustainable in the World
A research paper released confirmed U.S. beef production is the most sustainable production system in the world, a fact long understood by America’s cattle producers, who between the 1960s and 2018, reduced the carbon footprint of the industry by 40 percent while producing 66 percent more beef.“We already know a growing global population will require and demand high-quality food, which means we need ruminant animals, like beef cattle, to help make more protein with fewer resources,” said NCBA president and Kansas cattleman, Jerry Bohn. “Cattle generate more protein for the human food supply than would exist without them because...
Pilgrim’s Becomes First Global Meat and Poultry Company to Offer Sustainability-Linked Bond
Pilgrim’s Pride Corporation announced it is offering a $1 billion sustainability-linked bond tied to efforts to reduce greenhouse gas emission intensity across its global operations. The bond is the first of its kind to be issued by a global meat and poultry company, and aligns with Pilgrim’s vision to be the best and most respected company in its industry.
“Since the release of our inaugural corporate responsibility report nearly a decade ago, Pilgrim’s has set ambitious environmental improvement targets and publicly reported our progress to the market,” said Fabio Sandri, Pilgrim’s global chief executive officer. “Earlier this week, we announced our commitment to achieve net zero greenhouse gas emissions by 2040 and today we offer our first sustainability-linked bond. These actions reinforce our company’s long-standing commitment to...
JBS Makes Global Commitment to Achieve Net-Zero Greenhouse Gas Emissions by 2040
JBS announced a commitment to achieve net-zero greenhouse gas (GHG) emissions by 2040. The commitment spans the company’s global operations, including Pilgrim’s Pride Corporation, as well as its diverse value chain of agricultural producer partners, suppliers and customers in their efforts to reduce emissions across the value chain.
JBS is the first major company in its sector to set a net-zero target. The ambition reflects the company’s goal to meet the health and nutritional needs of the growing global population in a sustainable manner that preserves the planet’s resources for future generations. As part of its commitment, the company has signed...
NPPC Campaign Showcases Pork Producer Environmental Stewardship
The National Pork Producers Council (NPPC) introduced a multimedia campaign, “Farming Today for Tomorrow,” to showcase U.S. pork producers’ long-standing commitment to environmental stewardship and further reducing greenhouse gas emissions.
“For more than five decades, U.S. pork producers have embraced advancements that have allowed them to do more with less,” said NPPC President Howard “AV” Roth, a hog farmer from Wauzeka, Wisconsin. “Hog farmers have an excellent story to tell and...
Dominion Energy, Smithfield Foods Complete Renewable Natural Gas Project in Utah
Dominion Energy and Smithfield Foods, Inc., announced they have completed the first renewable natural gas (RNG) project through their joint venture, Align Renewable Natural Gas℠. Located in Milford in southwestern Utah, the project is now producing RNG from a network of 26 family farms that raise hogs under contract with Smithfield.
The project is the first large-scale effort in the state to capture methane from hog farming operations and convert it into clean energy for homes, businesses and transportation. Significantly more...
UNFI Commits to Setting Science-Based Targets to Limit Climate Change Impact
United Natural Foods, Inc., one of the largest wholesale grocery distributors in North America, announced that it will lead the way towards a net-zero economy by setting science-based emissions reduction targets covering its own operations and value chain. UNFI expects its targets will align with the goals of the Paris Agreement, to limit global temperature rise to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C for the best chance of avoiding the worst impacts of climate change. UNFI is the first North American wholesale grocery distributor to commit to such a target.
UNFI’s targets–which are expected to be submitted for approval to the Science-Based Targets initiative (SBTi) within the next year–are a core element of...
Kroger Named to Dow Jones Sustainability Index for Eighth Consecutive Year
Urner Barry Releases October Emerging Plant Protein Report
Urner Barry Releases October Soy & Wheat Report
Urner Barry Releases October Pulse Protein Report
Urner Barry Releases September Emerging Plant Protein Report
Urner Barry’s Consulting Division to Launch Egg Market Forecasting Report