The 4 critical steps to climate leadership

Business leaders can no longer afford to look the other way on climate change. The recent National Climate Assessment revealed that regional economies and industries dependent on natural resources are increasingly vulnerable to the impacts of climate change – as are energy systems. Warmer climates will increasingly disrupt international trade, prices, and supply chains, and costs could reach hundreds of billion dollars per year by the end of the century. Climate change doesn’t just threaten ecological balance, it threatens corporate balance sheets.

In light of these findings I’m encouraged by a recent survey of corporate leaders, 82 percent of whom said companies need to advocate for or take a stand on environmental, social and governance issues and that “climate and environment” was one of the three highest priorities for their organizations.

Knowing that a company should take action, however, is a long way from actually taking action on climate. While there are a growing number of cases where leading companies and major investors are ahead of the federal government on climate action, it’s simply not enough, and many more U.S. businesses need to step up.

The role that CEOs and companies play in global governance is changing. Leaders and laggards, winners and losers, will all be defined by how they respond to climate change. The leaders will surface based on their ability to take these four critical steps. Read more

With Paris in doubt, Tyson Foods is the latest business to lead

What comes to mind when you think of Tyson Foods? Maybe it’s their eponymous brand’s wide array of chicken prepped in every shape and size. Or your morning ritual breakfast sandwiches by Jimmy Dean. Or even Hillshire Farm’s folded lunchmeats beneath the classic red container lids.

Most likely, the word “sustainability” doesn’t pop into your head—but that’s about to change.

Last week, Tyson Foods, one of the world’s largest meat producers, announced the beginning of a collaboration with the World Resources Institute (WRI) to develop science-based greenhouse gas (GHG) and outcome-based water conservation targets for their entire supply chain.

Project Coordinator, Supply Chain

This announcement comes at a time when U.S. participation in the Paris Agreement is unlikely. President Trump’s stance on climate change is disconcerting to say the least, but the ambitious goals made by corporate leaders (like Tyson) give Americans something to be proud of. The future is in sustainability, and business is on its way there.

Tyson aims to work with WRI in order to ensure that every step of their supply chain–from the suppliers for the materials and ingredients to the farmers who provide the chicken, turkey, cattle and pigs–meets their environmental targets. More and more companies are setting supply chain goals that address the sourcing of raw materials, which can be the hardest to influence, but the greatest source of impact.

This announcement follows several recent actions made by the company showing their commitment to improve the sustainability of its supply chain, including the recent hire of their first Chief Sustainability Officer, Justin Whitmore, and the elimination of antibiotics in their own brand of chicken. These initiatives are not only a significant step for Tyson Foods, but also the animal agriculture industry in general.

As one of the largest animal agriculture companies in the world, Tyson has the opportunity to act as a role model for other companies, large and small, within the animal agriculture sector to begin adopting similar sustainable initiatives.

Major companies like Walmart, PepsiCo, Nestle, have all set targets to reduce emissions from their full supply chains. EDF has worked with a number of other food and beverage companies and retailers to set supply chain sustainability goals, including Smithfield Foods, the world's largest pork producer.

Tyson’s commitment reaffirms the notion that addressing the entire supply chain has officially become mainstream. We hope to see other major meat producers, such as Hormel, Perdue and JBS, follow in their footsteps.


Follow Theresa on Twitter, @te_eberhardt


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