Greenhouse Gas Emissions
Assessing Company Management and Performance on Emissions Reductions
KPI | Protein Scope | Operational Scope | Sub-KPIs and Best Practice Criteria |
|---|---|---|---|
Scope 1, 2, and 3 Target | All proteins | Feed, Farm, Slaughter, Processing | Type of target • The company has set a Net Zero target that has been validated by the Science Based Targets initiative (SBTi). Strength of target • The company's target covers the entire supply chain and includes methane emissions. |
Innovation on GHG emission reduction | All proteins | Feed, Farm, Slaughter, Processing | Innovation to reduce agriculture emissions • The company works with suppliers to reduce emissions from agriculture. Feed farming innovation • The company is engaging in innovative projects to reduce or mitigate emissions from feed farming. Animal farming innovation • The company is engaging in innovative projects to reduce or mitigate emissions from animal farming. |
Quality of GHG Inventory | All proteins | Feed, Farm, Slaughter, Processing | Quality and scope of GHG inventory completeness • The company discloses Scope 1, 2 and 3 emissions. Feed & animal farming emissions • The company discloses all CO2-equivalent emissions from animal and feed farming. Transparency of GHG inventory • The company ensures third-party audits of greenhouse gas emissions data. |
Emissions Performance | All proteins | Feed, Farm, Slaughter, Processing | Overall emission performance • The company reports an average annual decrease in absolute emissions of more than 3.03% since 2020. • The company discloses a decrease in emissions arising from animal farming operations. |
Climate-related scenario analysis | All proteins | Feed, Farm, Slaughter, Processing | Climate-related scenarios analysis conducted • The company has completed a climate-related scenario analysis. Disclosure of analysis results on material risks • The company discloses findings from climate risk analysis, including impacts on animal welfare, energy costs and feed availability. Disclosure of financial material events and alignment of CAPEX • The company discloses its commitment to align capital expenditures with its greenhouse gas emission target. • The company discloses the number of climate-related financially material events. |
Note: There were no changes between the 2023 and 2024 iterations of the methodology.
Greenhouse Gases Aligned Subject-matter Experts & Frameworks
Members-only Content
To register as a member of the FAIRR network, please fill out the sign up form or if you need additional information on the FAIRR network, please contact investoroutreach@fairr.org.