Categories: व्यापार

Nestle quits global alliance on reducing dairy methane emissions

By Alexander Marrow LONDON (Reuters) -Food group Nestle said on Wednesday it had withdrawn from a global alliance for cutting methane emissions that aims to reduce the impact of dairy farming on global warming.  The Dairy Methane Action Alliance was launched in December 2023, with members, which include Danone, Kraft Heinz and Starbucks, committing to publicly measure and disclose methane emissions from their dairy supply chains and publish plans to reduce those emissions over time.  Nestle did not say why it was pulling out of the alliance but said it would continue working towards reducing greenhouse gas emissions, including methane, throughout its supply chains and was sticking to its net zero commitment by 2050.  CLIMATE ALLIANCES ON THE BACK FOOT The move is the latest blow to a corporate alliance seeking to limit the impact of global warming, and comes as U.S. President Donald Trump dismantles a range of climate protection initiatives. Several major banks, for example, have left the sector's main group leading efforts to cut carbon emissions. "Nestle regularly reviews its memberships of external organizations," the Swiss company said. "As part of this process, we have decided to discontinue our membership of the Dairy Methane Action Alliance."  By the end of 2024, Nestle had reduced methane emissions by almost 21% compared to 2018 levels, the company said in its 2024 non-financial statement. Methane is nearly 30 times more potent than carbon dioxide, according to the U.S. Environmental Protection Agency, making it a major focus of attempts to curb global warming. According to the Environmental Defense Fund, which launched the methane alliance, agriculture is responsible for nearly 40% of human-caused methane emissions, with the majority of those coming from livestock.  Nestle's logo was removed from the main page of the EDF's website, but the company's name still appears on other pages. The EDF did not immediately respond to a request for comment.  (Reporting by Alexander Marrow. Editing by Mark Potter)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Inkhabar webdesk

Share
Published by Inkhabar webdesk

Recent Posts

UPDATE 3-AFCWorldCupQualifiers Summaries

Oct 8 (OPTA) - Summaries for the AFCWorldCupQualifiers on Wednesday (start times are GMT) 4th…

49 seconds ago

Exclusive-GM backtracks on plan to claim last-minute EV tax credits

By Mike Colias and David Shepardson (Reuters) -General Motors is scrapping a program aimed at…

2 minutes ago

Crypto race to tokenize stocks raises investor protection flags

By Hannah Lang and Elizabeth Howcroft NEW YORK/PARIS (Reuters) -A race by crypto companies to…

3 minutes ago

Brazil announces new auction to lure foreign capital into green projects with FX hedge mechanism

BRASILIA, Oct 8 (Reuters) - Brazil's government on Wednesday detailed a new Eco Invest auction…

7 minutes ago

Ceferin says no plan to expand Euros, praises Ronaldo's career

VIDEO SHOWS: UEFA PRESIDENT, ALEKSANDER CEFERIN, SPEAKING AT PORTUGAL FOOTBALL SUMMIT/ B-ROLL OF CEFERIN AND…

8 minutes ago

Yen weakest since mid-February on fiscal fears

By Karen Brettell (Reuters) -The Japanese yen reached its weakest level since mid-February against the…

13 minutes ago