Transforming the global food system to address climate change
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Article Type
Insights
Topic
Responsible Investing
Published
December 02, 2024
Read time
12 mins
Author
Curtis Zappala
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The global food system is a major driver of climate change, accounting for around a third of total greenhouse gas emissions. From livestock production and deforestation to food processing and transportation, the impact of how we grow, distribute and consume food is staggering. However, there are opportunities to mitigate these environmental harms through transformative changes across the food value chain. In the first two articles of Aegon Asset Management’s Climate Insight Series, we explore how our food system can achieve decarbonization and the challenges it may encounter.

 

In this first article we focus on food production and the supply side, while the second article will examine the demand side, including evolving global diets and food waste. Implementing these solutions in the near term is crucial, as achieving a net-zero future is highly unlikely without significant changes to global food production.

 

Executive summary

At the production level, improving agricultural efficiency and yields can reduce emissions while still meeting growing demand. Regenerative farming practices that build soil health, integrate livestock and cropping systems and minimize synthetic inputs offer a path towards more sustainable food production. Restoring forests and natural ecosystems also plays a crucial role in sequestering carbon and preserving biodiversity.

 

Beyond the farm gate, companies have a responsibility to increase supply chain transparency and invest in decarbonization efforts. This may involve setting aggressive emissions reduction targets, engaging suppliers on sustainable practices and innovating around packaging and logistics to cut waste. Policymakers can reinforce these corporate commitments through regulations, carbon pricing, and support for sustainable agriculture.

 

Ultimately, consumers hold immense power to drive food system transformation through their purchasing decisions and dietary habits. Shifting away from resource intensive animal proteins towards more plant based, seasonal and locally sourced foods can dramatically shrink the carbon footprints on our plates. Reducing food waste in homes and businesses is another high impact lever.

 

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Disclosures

Author

Curtis Zappala
Responsible Investment Associate

Curtis Zappala is a responsible investment associate within the responsible investment team, where he is focused on ESG integration and engagement, with particular attention to fixed income portfolios and partnerships. 

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Transforming the global food system to address climate change
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Transforming the global food system to address climate change
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