Danone will invest $2.18 billion in a climate acceleration plan over the next three years, reports Food Business News. The plan, which was announced on a February 26 earnings call, will further transform Danone’s agriculture, energy and operations, packaging, and digital capabilities.
Regenerative agriculture plays a large role in the plan. “Already in a number of countries, the U.S. and many others, soils are eroded to the tune of 50 percent to 70 percent, which means no farming in the future,” Emmanuel Faber, chairman and chief executive officer, said on the call. “Agricultural cycles are pretty long, so there is an urgency to put carbon back into the soil because carbon is essentially 60 percent of organic matter. So you cannot have healthy soils that will support the agriculture of tomorrow if we do not put carbon back into the soil through regenerative practices.” Full Story
Related: Danone Water Brands Pledge To Reduce Carbon Emissions; Danone, Replant Capital Invest in Regenerative Agriculture.
from Industry Operations https://ift.tt/2voweyI
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