Removing Barriers to Accelerate Decarbonization in the U.S. Dairy Supply Chain
Time: 1:45 pm
day: Day Two PM
Details:
- As expectations rise for companies, brands, and sectors to measure and manage their footprint, the need for credible and transparent Scope 3 accounting is increasingly urgent
- Market-based mechanisms, both within and outside the value chain, provide necessary financial incentives and an operating margin for farmers to invest in sustainable practices and technologies that would otherwise be cost prohibitive
- Current accounting standards create challenges and limitations for the dairy industry because – like the broader agriculture sector – it is both a GHG emissions source and sink
- Case study: The Innovation Center for U.S. Dairy’s CEO Task Force on GHG Accounting developed a set of principles and potential solutions to increase transparency in Scope 3 accounting and unlock investment in emission reductions at scale
