An Australian Conservation Foundation report assessing 20 major food companies says they are ‘vastly underprepared to assess nature issues in their supply chains’.An Australian Conservation Foundation report assessing 20 major food companies says they are ‘vastly underprepared to assess nature issues in their supply chains’.
“We know half of Australia’s economy is dependent on nature, and food companies are among the most dependent. If they’re not addressing these issues, it will come back to bite them,” said Bonnie Graham, the lead author of the report and a corporate campaigner at ACF. Most companies couldn’t track the source of the ingredients they were using and there was a “severe deficit” of company board members with nature expertise, the report said.The report featured examples of better practice, such as Simplot’s ability to track and source ingredients from farms it owns, or Nestle’s targets to source 50% of its ingredients from regenerative agriculture methods by 2030.
Asahi said its parent company had introduced assessments of climate and nature-related risks, impacts and dependencies across its supply chains.Our Australian afternoon update breaks down the key stories of the day, telling you what’s happening and why it mattersNestle said care for the environment was a “business imperative” and Unilever highlighted a goal of removing deforestation from its relevant supply chains. Saputo Dairy was committed to improving its environmental performance.
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