Danone's Horizon Organic, the largest organic dairy brand in the world, is committing to becoming carbon positive by 2025. Its goal is to become the first national dairy brand to be carbon positive across its full supply chain.
Mariano Lozano, CEO of Danone, told Cheddar on Wednesday that the ambitious plan is an "unprecedented move."
"We are committing to have full scope, meaning from farm to table, to become carbon positive. That means for us going beyond carbon neutrality, to reduce, remove, and offset all of our carbon emission for 2025," Lozano said.
Over the next five years, the company intends to focus on the following four areas: supporting family farmers, carbon-reduction on-farm practices, off-farm actions, and investing in carbon reductions and offsets.
The dairy company will also pledge $15 million from its Horizon Farmer Investment Fund to support farmers across the country to help implement more sustainable farming practices.
"We need to work very closely with our farmer partners. We work together with more than 600 family farmer partners," he said of the farms that produce nearly two-thirds of Horizon's carbon footprint. "It is paramount to support them on how to roll out what we call regenerative agriculture practices."
The CEO does admit it is "unchartered territory," but explained that the company is confident because it has been working to achieve this goal for a long time.
"We are quite bullish because we've been working with this for a long time, even though it is honest to say that we do not have all the answers," Lozano said. "From time to time we are feeling a bit uncomfortable, but I think it is a good proof and confirmation that we are daring enough. And this is a bold statement."
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Climate change doesn’t just mean more extreme weather – it also leads to billions of dollars in lost productivity, tourism, and stresses infrastructure.
It’s an annual tradition: the Fed’s banking ‘stress test.’ A year after the regional banking crisis, there are good reasons to make sure they’re prepped.
Summer is upon us, which means weddings, trips overseas, and trips to see Taylor Swift. Avoid a “Cruel Summer” with these budget-friendly tips and tricks.
While Nvidia's meteoric rise led it to briefly dethrone Microsoft as the world's biggest public company, there's a lot more going on in this market than A.I.
