Strategies to reduce GHG emissions supported by independent data
OCTOBER 14, 2021
Expo East insights: Strategies to reduce GHG emissions supported by independent data
The natural products industry, as part of the greater food industry, is responsible for one third of the greenhouse gas (GHG) emissions that are causing climate change.
By the numbers: The largest contribution to harmful emissions is made by agriculture and land use/land-use change activities (71%), with other sources being supply chain activities: retail, transport, consumption, fuel production, waste management, industrial processes, and packaging.
Choosing different ingredients
Choosing better sourcing locations
Choosing certified suppliers
Engaging suppliers to reduce their footprint
Supporting regenerative agriculture
Purchasing agricultural offsets where they source
Companies can rapidly assess which ingredients, production practices, and locations can help them improve their climate impact using HowGood's product sustainability database.
Why it matters: “The same conditions that are causing GHG emissions and climate change are also causing significant species loss and loss of biodiversity that our industry depends on,” Sayers explained. “We need diverse ingredients that are grown in a way that allows them to be nutritionally dense.”
The bottom line: In addition to protecting their ingredient sources, companies can reap rewards in terms of price premiums. Data from the NYU Stern School in partnership with IRI showed sustainable products:
Accounted for over 50% of the market growth even though they only comprise about 16% of the overall market in terms of number of products.
Command a 39% price premium over conventional products. according to data from the NYU Stern School in partnership with IRI.
Former Pfizer exec to explore future of healthcare at Now, New, Next
Now, New, Next kicks off in less than one week! CRN’s signature annual events promise unmatched educational programming, valuable networking opportuities, and fun recreational and social events. We’re excited to be back in-person this year, and our line-up of speakers will be a highlight you won’t want to miss.
Freda Lewis-Hall, MD, DFAPA, MFPM, a pioneer in medicine and life sciences leadership, will speak at Now, New, Next on Oct. 21 about the future of healthcare. A passionate advocate for health equity and improved outcomes for all patients, Dr. Lewis-Hall most recently served as executive vice president, chief medical officer, and chief patient officer at Pfizer, Inc. She is widely recognized for expanding outreach to patients and reshaping the focus on patient engagement and inclusion.