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BuckheadFunds > Leadership > Purpose And Sustainability Top The Agenda Ahead Of Climate Week 2023

Purpose And Sustainability Top The Agenda Ahead Of Climate Week 2023

News Room By News Room September 22, 2023 7 Min Read
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Let’s face it government has failed to earn any consumer trust on the issue of taking action on climate change. Consumers trust and often skew their purchases to organizations that support the United Nations Sustainable Development Goals.

As we head into Climate Week 2023, companies know they impact our environment now more than ever. As we navigate this eco-conscious era, the line between genuine environmental commitment and “greenwashing”—the deceptive facade of eco-friendliness without substantive action—can become increasingly blurred. Moreover, a new term, “greenhushing,” has emerged as companies earnestly pursue eco-friendly initiatives but struggle to effectively communicate them, fearing accusations of greenwashing. This intricate web of intentions and actions highlights the critical need to confront the efforts, or lack thereof, made by companies in their environmental initiatives.

An October 2022 report revealed a growing commitment among corporate leaders from 12 countries to swift action. Nearly two-thirds firmly pledged to address environmental concerns by 2030 or sooner. Astonishingly, 13% have set their sights on achieving net-zero emissions as early as 2024, prompting inquiries into the feasibility of such ambitious targets. However, a stark revelation emerges amidst these bold claims: a staggering 80% of the world’s most environmentally-detrimental companies have yet to establish climate targets aligned with scientific recommendations.

The disconnect between corporate rhetoric and genuine sustainability efforts challenges the dedicated work of sincere sustainability professionals addressing issues like climate change. A landscape fraught with skepticism complicates their endeavors. Amidst this challenging landscape, companies like CultivateCI stand out.

CultivateCI directly addresses the measurement and verification of carbon intensity in agricultural products. Their solution promotes sustainable farming practices and provides essential tools for measuring, tracking, and improving ESG and sustainability goals for buyers like food manufacturers. Their comprehensive approach, which considers the entire supply chain, gives buyers better visibility into their carbon intensity and empowers them to achieve their sustainability objectives.

CultivateCI: Bridging the Gap Between Claims and Actions

The agricultural sector has struggled for far too long with the persistent challenge of accurate carbon offset data and the lack of standardized measurement methods. CultivateCI aims to solve this issue.

CultivateCI’s Founder and CEO, Boyd Koldingnes, explained, “CultivateCI provides a real-time, measurable, reportable, and verifiable (MRV) carbon intensity (CI) score derived from a diverse range of on-farm data sources. This empowers growers to make informed decisions aimed at reducing emissions, thereby improving transparency and traceability to meet the demands of buyers and stakeholders.”

Their current focus revolves around promoting low CO2 crops with the explicit goal of reducing carbon emissions. What sets them apart from their competitors is their innovative approach. They integrate carbon intensity scoring with on-farm data and the complete agricultural supply chain.

This helps bridge the gap between sustainable farming and environmentally-aware consumers. Eco-friendly products are clearly identified at each stage of the supply chain, giving consumers the information they need to make environmentally-responsible choices. This inclusive approach also prompts companies to reevaluate their suppliers, aiming to reduce carbon emissions not only within their own operations but throughout the entire supply chain. Ultimately, it empowers consumers and companies to make informed purchasing decisions for a more sustainable future.

Partnerships for Impact

Another area where CultivateCI stands out is how they foster positive change through education and collaboration. They actively seek partnerships with key players in sectors like fertilizer manufacturing, agriculture, banking, grain handling, agricultural cooperatives, and agribusiness to facilitate the integration of their SaaS solution.

These strategic alliances mark a significant step forward in providing data-driven tools to enhance sustainable production. The collaboration between CultivateCI and Ag Partners exemplifies how technology and forward thinking drive sustainable practices.

Jed Miller, Chief Strategy Officer at Ag Partners Co-Op, stressed that sustainability is integral to their mission, emphasizing its importance for security and the economy.

He said, “As a farmer-owned cooperative, we’re committed to responsibly producing food, fuels, and clothing, not just for our customers but also for our families. Our responsibility extends globally, and we’re dedicated to providing safe, abundant food worldwide. Our farmers embrace technology like drone scouting, precision equipment, and CI scoring to amplify our impact and plan for a sustainable future.”

Koldingnes echoed this sentiment, expressing pride in partnering with forward-thinking companies like Ag Partners. Their joint dedication to eco-friendly practices aligns seamlessly, nurturing a future where responsible farming and environmental prosperity thrive. This partnership signifies a profound commitment to a shared purpose.

Forging a Path to Authentic Sustainability

In today’s environmentally-conscious landscape, companies face a growing challenge of bridging the gap between their environmental claims and genuine sustainability efforts. While many corporations are making ambitious environmental pledges, a significant disconnect remains between rhetoric and tangible targets.

This divide calls for a renewed commitment to authentic sustainability initiatives and collaborative efforts, exemplified by companies like CultivateCI. As we navigate this complex terrain, it’s clear that a collective commitment to sustainability is the path forward to a more eco-friendly future.

According to Adam Irrer, CEO at Parcel Thrive, “as an industry we need to continue to pursue opportunities to help not only to drive down direct farming costs but also create new and differentiated revenue streams for growers.”

Read the full article here

News Room September 22, 2023 September 22, 2023
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