29% of global greenhouse gases are generated by the food and beverage industry.
Regulatory systems and compliance are finally taking off globally, forcing companies to act, and many other companies want to take action voluntarily, but the first step is a complicated and tedious carbon footprint calculation. Completing a manual calculation means about 600 pages of documentation, 1,000 hours of crunching data, and $25,000 worth of unsupported environmental data sets. Even if a company completes this process manually, they still won't know how to take action on decarbonization.
In March of 2024, the Securities and Exchange Commission (SEC) ruled that all publicly traded companies have 12-months to report on climate-related risks and opportunities, and 24-months to report on Scope 1 and Scope 2 emissions.
As of 4/2/24, sixteen U.S. states have implemented or scheduled an emissions trading system or carbon tax.
The EU has mandated climate-related financial reporting for all international companies with revenues over $100M that even simply do business in those territories, whether based there or not.