Crystal Grainger’s Post

The #food industry is investing heavily in #regenerative practices at the #farm level, but are the results of these initiatives showing up in corporate #emissions #reporting? With the high cost of scaling initiatives, it is essential to accurately capture outcomes and award credit where it’s due in order to recognize reduction and build buy-in. Join us on November 4th to hear from Henry Fovargue, SVP of Sustainability at Sysco, and Audrey Leduc, Director NA of Planet-Friendly Products at McCain Foods, to discuss issues like: ▶️ Why is it important to effectively quantify the impact of on-farm #agricultural practices? ▶️ What challenges have you faced in measuring #impact? ▶️ How are you currently working with #suppliers to better reflect their sourcing practices? ▶️ Where have you had success in communicating benefits of your #sourcing practices (or your suppliers’ practices) in reporting? ▶️ How did you create internal buy-in to scale your #sustainability investments? ▶️ Where do you see the future of quantifying and capturing #data for on-farm practices? Reserve your spot here: https://lnkd.in/eSGVc37A

The rise of global #sustainability reporting frameworks such as #CSRD, #SBTi and #CDP has required #food companies to provide an unprecedented level of granularity in their corporate #emissions reports. With this scrutiny has come an increased demand for companies to not only accurately #measure their impact, but also demonstrate progress toward #reduction. Leaders across the food industry have risen to the opportunity. With thousands of new #regenerative #agriculture pilots and heavy investments in improved agricultural practices, they are indeed making progress toward #decarbonizing #supplychains. But quantifying the impact of these on-farm practices––and scaling that to the corporate reporting level––is particularly difficult. With #FieldScope, HowGood is answering the demands of innovative food and beverage companies to quantify, communicate, and capture credit for their on-farm agricultural initiatives. Learn more about our latest product offering and schedule a consultation here: https://lnkd.in/e8SDwVtr

💡Key takeaway from Innovation Forum's Future of Food and Beverage USA event this week: The price of implementing new practices is a hurdle for agricultural producers. Kendra Tolley listened to a producer panel featuring producers from North and South America that revealed how important cross-industry innovation and financial support will be for achieving sustainability goals. One producer said, "the fertilizer and equipment companies are not where we need them to be...not innovating fast enough. The capital costs can be enormous for a practice change or for new equipment and sustainability innovation doesn't cash flow on the farming side. To give consumers what they are asking for and help food companies meet their conservation goals, we need more money for the farm." Economic sustainability will be essential for farmers to be able to improve environmental sustainability. #sustainableagriculture #beef #dairy #innovation #food

Focusing on the producer and their needs is the key to a lower carbon future.

In order to create delicious ingredients and foods such as Hellmann’s, Knorr, and Horlicks, we depend on resilient agricultural systems. However, these nutrition supply chains currently face numerous challenges, including climate-related disruptions and volatile commodity markets.   This week, as we marked #WorldEnvironmentDay, I'm spotlighting how adopting regenerative agriculture practices that work in harmony with nature helps farmers build more resilient systems and healthier businesses. Investing in and collaborating with farmers in turn strengthens the resilience of our supply chain and ability to drive growth for our business – even when faced with unexpected supply challenges.     If you’d like to know more about how we work together with farmers to help build more resilient supply chains, you can read this interview with @Lucas Urbano, Head of Regenerative Agriculture at @Unilever, in the story below.     #ForceForGood #SupplyChain #RegenerativeAgriculture https://lnkd.in/etatt4bv   How partnerships can help build resilient supply chains | Unilever Driving the future of regenerative agriculture with cutting-edge data for global sustainability. #regenerativeagriculture

Taking a full ecosystem approach to decarbonizing the food and feed supply chain is essential, as are trusted grower relationships. "What was intriguing was the ease of data collection and the speed to implementation," shares @GreggChristensen at @Bunge in this TriplePundit article. Learn more from Christensen and Indigo Ag's VP of Market Development Christopher Malone. #Sustainability #SupplyChain #Innovation #scope3

What’s the ROI of sustainable agriculture? 🌱 A new study by Deloitte and New York University reveals that food companies that have invested in sustainable agriculture initiatives are seeing increased revenue and decreased costs. Out of 350 interviewed agri-food executives: 🌱 99% reported revenue growth. 🌱 79% reported revenue growth of at least 2%. 🌱 98% reported cost reductions over three years. The best revenue-generating strategies included: 💰 Selling products with verifiable sustainability claims. 💰 Investing in initiatives around food safety. 💰 Reducing the use of harmful chemicals. Meanwhile, sustainable and responsible supply chain sourcing was one of the best ways to reduce costs. You'll find the link to the report in the comments. 👇 #foodvaluechain #sustainablefoodsystems #sustainableagriculture - Would you like to receive content like this regularly? 🗓️ We publish a bi-weekly newsletter, Ground Truths by Improvin’, that helps you keep a pulse on sustainability in the agri-food industry. Subscribe via the link in the comments.

I am proud to announce the publication of our 2023 Financial & ESG Summary, highlighting our strong performance and commitment to leading the #futureoffood. From my perspective, key milestones from 2023 include: ● Our ‘skip the cow’ campaign delighted worldwide and led the conversation about sustainable choices. ● Over 900,000 people have used our products so far through our chef led Violife Professional #makeitplant campaign. ● We reached over 45% of households in lower socio-economic groups globally with our products within key markets. ● Upfield continues to foster an inclusive culture and achieved 43% female representation in management roles across the business. ● The company further reduced its environmental footprint in 2023, reducing its carbon intensity (scope 1 & 2) by 13.5% per ton of production versus 2022. These achievements reflect the passion and dedication of our 4,800+ Upfielders worldwide and the support of our stakeholders, partners, and customers. As we move forward, Upfield is well-positioned to drive the transformation to a more sustainable food system. We will continue to harness the power of our brands, food technology expertise, and purpose and performance driven culture to make plant-based foods the obvious choice for consumers globally. Read our full 2023 Financial & ESG Summary by following the link below or visiting our website: https://bit.ly/3WDwlkh

#Food companies are increasingly expected to demonstrate the impact of their #supplychain #sustainability efforts, and bridging the gap between on-farm practices and corporate sustainability #reporting is a critical challenge. HowGood’s Rachel Calomeni recently hosted Henry Fovargue, VP of Sustainability at Sysco, and Audrey Leduc, Director of Planet-Friendly Practices at McCain Foods, to discuss the topic. Here’s a look at some key insights from the conversation, where they explored the value of quantifying sustainability practices, the barriers facing the food industry, and previewed HowGood’s new tool, FieldScope, which makes on-farm #data more accessible for corporate reporting. https://lnkd.in/e8Eb3jes

More good news: Food companies see revenue boost from sustainable agriculture investments: study Businesses that transformed their supply chains due to pressures from regulators and consumers also saw a financial benefit, a Deloitte and NYU survey showed. https://lnkd.in/dVd6eQeS