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Business News Maple Leaf Foods says it’s gone carbon neutral


BUSINESS

Business News Maple Leaf Foods says it’s gone carbon neutral

Maple Leaf Foods Inc. has turned carbon neutral, the Canadian meat producer said on Thursday, amid rising demand worldwide from investors and public that companies act to reduce climate risks.The owner of Schneiders, Mina and Maple Leaf Prime meat brands said as part of the efforts to become carbon neutral it was investing in projects,…

Business News Maple Leaf Foods says it’s gone carbon neutral

Business News

Maple Leaf Foods Inc. has turned carbon neutral, the Canadian meat producer said on Thursday, amid rising demand worldwide from investors and public that companies act to reduce climate risks.

The owner of Schneiders, Mina and Maple Leaf Prime meat brands said as part of the efforts to become carbon neutral it was investing in projects, including those that support wind energy, throughout the country and in the United States.

Maple Leaf said it has already made significant progress towards reducing its environmental footprint by 50 per cent by 2025.

Companies across the globe have either become carbon neutral or have set carbon neutrality targets as chief executives also face pressure from an upsurge in youth-led activism over climate change.

In September, Amazon.com Inc. pledged to make the largest U.S. e-commerce company net carbon neutral by 2040.

The United Nations’ Intergovernmental Panel on Climate Change said in August global meat consumption must fall to curb global warming and that plant-based foods could contribute to the reduction of carbon dioxide emissions.

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Maple Leaf is making progress toward delivering plant-based meat alternatives.

Lightlife burgers, which is made by the Maple Leaf unit Greenleaf Foods, has replaced Impossible Foods’ plant-based burgers at Dave & Buster’s Entertainment Inc chains.

But skepticism remains. Some have raised doubts whether publicly traded companies committed to maximizing shareholder returns will be able to make the sweeping investments required to fight climate change.

© Thomson Reuters 2019

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