Post by sweetpea33 on Jan 27, 2024 22:55:26 GMT -5
Nash: Do you think the way investors are thinking about issues like deforestation and climate change is evolving? Waxman: There’s certainly a growing awareness among investors about deforestation as a climate risk. In the past, agriculture’s role in driving climate change has often been overlooked, with a lot of the focus being on the energy and transportation sectors. But, as the new Ceres Guide clearly illustrates, a firm can’t say that it is comprehensively addressing climate risk if it’s not also addressing agriculture and deforestation.
Gamble (P&G) suggests that not only is awareness growing among investors, but investors might finally engage on the issue. The shareholder resolution Email List on deforestation and forest degradation that Green Century filed with P&G received the support of 67 percent of the votes cast at its annual meeting. This is almost three times what other deforestation resolutions have averaged over the last few years, so I’m hopeful this might signal a turning point for how the financial community approaches forest-related risks.
Nash: Related to Scope 3 emissions and supply chains, are smallholder producers something you’re focusing more attention on? Waxman: Yes. The smallholder conversation is especially relevant in palm oil supply chains where considerable supplies — as much as 40 percent — are coming from farmers who own small amounts of land. As market expectations regarding sustainability have shifted, many larger producers have started to improve some of their practices to meet these heightened expectations.
Gamble (P&G) suggests that not only is awareness growing among investors, but investors might finally engage on the issue. The shareholder resolution Email List on deforestation and forest degradation that Green Century filed with P&G received the support of 67 percent of the votes cast at its annual meeting. This is almost three times what other deforestation resolutions have averaged over the last few years, so I’m hopeful this might signal a turning point for how the financial community approaches forest-related risks.
Nash: Related to Scope 3 emissions and supply chains, are smallholder producers something you’re focusing more attention on? Waxman: Yes. The smallholder conversation is especially relevant in palm oil supply chains where considerable supplies — as much as 40 percent — are coming from farmers who own small amounts of land. As market expectations regarding sustainability have shifted, many larger producers have started to improve some of their practices to meet these heightened expectations.