Food & Beverage

In order to maintain business continuity and remain competitive into the future, a sustainability strategy is crucial for food and beverage companies, enabling them to operate more efficiently and address climate and other environmental risks in their businesses. The food system is particularly at risk from climate change and is already experiencing disruptions due to changes in temperature and precipitation patterns and increasingly extreme weather events. The food system is also a major contributor to climate change, representing about a third of the total greenhouse gas emissions. Growing populations and changing incomes will also further exacerbate the need for increased production, more efficient distribution.

What sustainability challenges is the Food and Beverage Industry facing today?

As concerns for sustainability have increased, so has pressure on the $7 trillion food and beverage industry from investors, regulators, and downstream purchasers and consumers to not only enhance sustainability, but also provide enough transparency to demonstrate the legitimacy of those efforts. Many companies have already identified the interlinkages, opportunities and risks associated with climate change and have made strides towards increased sustainability. However, according to ENGIE Impact’s analysis of CDP reporting data, only 15% of food & beverage companies reporting to CDP are on track to meet their sustainability goals. These companies face several challenges necessitating sustainability transformation.

4x

greater water use in beverage operations

56%

of F&B have no Scope 3 reduction target

73%

of consumers switch to brands with social purpose

90%

of lifecycle emissions are Scope 3

What should the Food & Beverage Industry be thinking about?

Committing to a more sustainable future is essential for food and beverage companies, but a sustainability strategy and an actionable roadmap to achieve those commitments is what will drive value creation from sustainability across the business.

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Fedex Office grey Whole Foods grey GE Renewables grey Capital one grey Lego grey Xylem grey Wework grey Panda Express grey Wagamama grey UBS grey Nestle Waters grey Canary Wharf grey Hyatt grey Cargill grey Burberry grey

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