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World's leading food & farming businesses launch action plan to scale regenerative farming, warning speed of progress 'must triple' to tackle the impacts of climate change

LONDON, November 3, 2022, /PRNewswire=KYODO JBN/--

-The Agribusiness Task Force, part of the Sustainable Markets Initiative (SMI),

today released its action plan focused on how to scale regenerative farming –

an approach which aims to cut carbon emissions whilst seeking to promote and

improve soil health and biodiversity.

-The report — produced by the 12-strong cross-industry Task Force - highlights

an urgent need for consistent metrics, better government policy incentives and

a transformation of sourcing to spread the cost of transition to more

sustainable practices.

-It comes after new analysis by sustainability analysts Systemiq revealed

regenerative farming is growing but the rate must triple to deliver against the

planet's need to limit climate change to 1.5 degrees.

-Task Force Chair Grant Reid, outgoing Mars CEO, said the rate of progress was

'far too slow' and he hoped the report would inspire the sector to help make

the economics of regenerative farming work for farmers.

A group of the world's largest and most influential agribusiness companies and

organisations has today launched an action plan to scale regenerative farming

globally to tackle the impacts of climate change and biodiversity loss.

The SMI Agribusiness Task Force's report "Scaling Regenerative Farming: an

action plan" warns that adoption rates are currently lagging far behind the

rate needed to effectively tackle climate change. Fresh analysis by Systemiq

has revealed that regenerative farming – whilst expanding its footprint over

recent years – must triple its rate of growth to deliver against the world's

need to limit climate change to 1.5 degrees. It needs to make up at least 40%

of global cropland by 2030, up from around 15% today.

The Task Force calls for common metrics and market-based financial incentives

for environmental outcomes, targeted government policy and an overhaul of food

sourcing – all to make regenerative agriculture a 'no brainer' business

decision for farmers.

The Task Force is comprised of executives from many of the world's largest and

most influential agribusiness companies and organisations, united by a common

ambition to enable regenerative farming to become mainstream: Bayer, HowGood,

Indigo Agriculture, Mars, McCain Foods, McDonald's, Mondelez, Olam, PepsiCo,

Sustainable Food Trust, Waitrose & Partners and Yara International.

Read more here:

https://www.sustainable-markets.org/taskforces/agribusiness-task-force/

Photo: https://mma.prnewswire.com/media/1936786/India_farm.jpg

Photo: https://mma.prnewswire.com/media/1936787/USA_Wheat.jpg

Photo: https://mma.prnewswire.com/media/1936788/Sunrise_over_the_farm.jpg

Source: SMI Agribusiness Taskforce