Oxfam released the report titled Standing on the Sidelines on 20 May 2014. As per the report, climate change is the major threat for the food and beverage industry and the Big 10 companies are significant contributors to this crisis.
The report called upon the Big 10 companies to face up to the scale of greenhouse gas emissions produced through their supply chains, and address the deforestation and unsustainable land-use practices they allow to happen.
Major Highlights of the report:
• The impact of climate change could increase the price of breakfast cereal and other household foods.
• The Big 10 companies included Associated British Foods (ABF), Coca-Cola, Danone, General Mills, Kellogg, Mars, Mondelēz International, Nestlé, PepsiCo and Unilever.
• The major food and drink companies were responsible for nearly 264 million tonnes of greenhouse gas (GHG) emissions in 2012 more than Finland, Sweden, Denmark and Norway combined.
• Half of the greenhouse gas emissions come from the production of agricultural commodities in the companies supply chains. These emissions are not covered by targets each company sets to reduce their own emissions.
• It also singled out Kellogg and General Mills as among the worst performers for their climate change policies and called on them to reverse their position as climate laggards.
• Only Nestle, Unilever and to some extent Mars and Coca-Cola were vocal in encouraging policy makers and businesses to tackle climate change.
• Climate change will hike up the retail price of General Mills Kix cereal by up to 24 percent and Kelloggs Corn Flakes by as much as 44 per cent over the next 15 years.
• It warned the companies could face financial ruin if they do not do more to tackle the issues with climate change because of the effects extreme weather conditions could have on production.
Key recommendations of the report
Specifically, food and beverage companies should:
• Know and show their climate change emissions, including emissions in their supply chains
• Commit to quantifiable greenhouse gas emissions reductions
• Advocate for ambitious action to combat climate change
Oxfam is an international confederation of 17 organizations working in approximately 94 countries worldwide to find solutions to poverty and what it considers as injustice around the world.
In all Oxfam’s actions, the ultimate goal is to enable people to exercise their rights and manage their own lives. Oxfam works directly with communities and seeks to influence the powerful, to ensure that poor people can improve their lives and livelihoods and have a say in decisions that affect them.
When: 20 May 2014