LONDON, Nov. 17, 2021 /PRNewswire/ -- Studies suggest
that the food system is responsible for about one-third of global
greenhouse gas (GHG) emissions, including up to 10% from lost or
wasted food. In a report published today, "A Food Industry Reset
Can Cut At Least 10% Of Global Emissions," S&P Global
Ratings says it believes agribusinesses can strengthen the food
production and supply chain through closer collaboration at every
stage, both downstream and upstream. More efficient food systems
will help eliminate food loss and waste while reducing the impact
on the environment, especially since about 14% of the world's food
is lost before reaching supermarket shelves. Food supply
disruptions, especially over the past two years due to the pandemic
and extreme weather, have brought this issue further into the
spotlight.
There are meaningful gains to be had, for example by companies
expanding into advanced food ingredient technologies to improve
product shelf life, or by integrating transport with processing and
sales.
"Some companies are already rethinking their long-term
strategies, putting greater emphasis on managing environmental and
social risks," said S&P Global Ratings credit analyst
Anna Overton. "We believe they stand
to achieve a competitive advantage using this approach. The big
question is whether they can do enough to have a visible impact on
food-related emissions by 2030, the target of the U.N.'s
Sustainable Goal 12.3 of halving per capita food waste."
Eliminating food waste is essential for lowering GHG emissions
and fostering food security. What's more, with 80% of global
primary food production coming from small farms, the U.N.'s road
map for food security sees strengthening the food system's climate
resilience as an imperative.
Multinational food companies are in a good position to make
efficient crop collection and processing more accessible to
farmers. Global food commodity traders and processors have already
emerged as leaders in upstream food system consolidation, improving
their prospects for sustainable growth. This has the added
advantage of widening the network for others to join. But there's
still a way to go. At the consumer-facing end of the food system,
scaling up investments in ingredient technologies should usher in a
more diverse range of agricultural inputs, with lower waste and
higher nutritional value.
"We believe food companies will likely measure their financial
success in the future by benefits from the approaches they are
backing today," Ms Overton added.
This report does not constitute a rating action.
S&P Global Ratings is the world's leading provider of
independent credit ratings. Our ratings are essential to driving
growth, providing transparency and helping educate market
participants so they can make decisions with confidence. We have
more than 1 million credit ratings outstanding on government,
corporate, financial sector and structured finance entities and
securities. We offer an independent view of the market built on a
unique combination of broad perspective and local insight. We
provide our opinions and research about relative credit risk;
market participants gain independent information to help support
the growth of transparent, liquid debt markets worldwide.
S&P Global Ratings is a division of S&P Global (NYSE:
SPGI), which provides essential intelligence for individuals,
companies and governments to make decisions with confidence. For
more information, visit www.spglobal.com/ratings.
Update Profile:
If you would like to update your information (telephone number,
email address, company, etc.) or change the sectors you receive
press releases on, please click here.
Visit SPRatings.com, a free, interactive, and informative
portal to access highlights from our credit research offerings.
Consider this your portal to perspective:
www.spratings.com.
Regulatory Affairs and Disclaimers |
Privacy and Cookie Notice | Terms of
Use
Copyright © 2021 by Standard & Poor's Financial Services LLC.
All rights reserved.
No content (including ratings, credit-related analyses and data,
valuations, model, software or other application or output
therefrom) or any part thereof (Content) may be modified, reverse
engineered, reproduced or distributed in any form by any means, or
stored in a database or retrieval system, without the prior written
permission of Standard & Poor's Financial Services LLC or its
affiliates (collectively, S&P). The Content shall not be used
for any unlawful or unauthorized purposes. S&P and any
third-party providers, as well as their directors, officers,
shareholders, employees or agents (collectively S&P Parties) do
not guarantee the accuracy, completeness, timeliness or
availability of the Content. S&P Parties are not responsible
for any errors or omissions (negligent or otherwise), regardless of
the cause, for the results obtained from the use of the Content, or
for the security or maintenance of any data input by the user. The
Content is provided on an "as is" basis. S&P PARTIES DISCLAIM
ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT
LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR
DEFECTS, THAT THE CONTENT'S FUNCTIONING WILL BE UNINTERRUPTED OR
THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE
CONFIGURATION. In no event shall S&P Parties be liable to any
party for any direct, indirect, incidental, exemplary,
compensatory, punitive, special or consequential damages, costs,
expenses, legal fees, or losses (including, without limitation,
lost income or lost profits and opportunity costs or losses caused
by negligence) in connection with any use of the Content even if
advised of the possibility of such damages.
Credit-related and other analyses, including ratings, and
statements in the Content are statements of opinion as of the date
they are expressed and not statements of fact. S&P's opinions,
analyses and rating acknowledgment decisions (described below) are
not recommendations to purchase, hold, or sell any securities or to
make any investment decisions, and do not address the suitability
of any security. S&P assumes no obligation to update the
Content following publication in any form or format. The Content
should not be relied on and is not a substitute for the skill,
judgment and experience of the user, its management, employees,
advisors and/or clients when making investment and other business
decisions. S&P does not act as a fiduciary or an investment
advisor except where registered as such. While S&P has obtained
information from sources it believes to be reliable, S&P does
not perform an audit and undertakes no duty of due diligence or
independent verification of any information it receives.
Rating-related publications may be published for a variety of
reasons that are not necessarily dependent on action by rating
committees, including, but not limited to, the publication of a
periodic update on a credit rating and related analyses.
To the extent that regulatory authorities allow a rating agency
to acknowledge in one jurisdiction a rating issued in another
jurisdiction for certain regulatory purposes, S&P reserves the
right to assign, withdraw or suspend such acknowledgment at any
time and in its sole discretion. S&P Parties disclaim any duty
whatsoever arising out of the assignment, withdrawal or suspension
of an acknowledgment as well as any liability for any damage
alleged to have been suffered on account thereof.
S&P keeps certain activities of its business units separate
from each other in order to preserve the independence and
objectivity of their respective activities. As a result, certain
business units of S&P may have information that is not
available to other S&P business units. S&P has established
policies and procedures to maintain the confidentiality of certain
non-public information received in connection with each analytical
process.
S&P may receive compensation for its ratings and certain
analyses, normally from issuers or underwriters of securities or
from obligors. S&P reserves the right to disseminate its
opinions and analyses. S&P's public ratings and analyses are
made available on its Web sites, www.standardandpoors.com
(free of charge), and http://www.ratingsdirect.com and
www.globalcreditportal.com (subscription), and may be
distributed through other means, including via S&P publications
and third-party redistributors. Additional information about our
ratings fees is available at
www.standardandpoors.com/usratingsfees.
Australia
Ratings are statements of opinion, not statements of fact or
recommendations to buy, hold, or sell any securities or make any
other investment decisions. S&P Global Ratings Australia Pty
Ltd holds Australian financial services license number 337565 under
the Corporations Act 2001. S&P credit ratings and related
research are not intended for and must not be distributed to any
person in Australia other than a
wholesale client (as defined in Chapter 7 of the Corporations Act).
Australian users should only access information about S&P's
products and services from www.standardandpoors.com.au.
Other S&P Websites are not intended for Australian users.
STANDARD & POOR'S, S&P and RATINGSDIRECT are registered
trademarks of Standard & Poor's Financial Services LLC.
To manage your S&P Global Ratings subscription preferences,
please click here.
S&P Global Ratings, 55 Water Street, New York, NY 10041
View original content to download
multimedia:https://www.prnewswire.com/news-releases/report-says-food-industry-can-help-cut-at-least-10-of-global-emissions-301427191.html
SOURCE S&P Global Ratings