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."
Make sure your love don't cost a thing this Valentine's Day to any scammers. Note: we're not talking about your partner that didn't do the dishes after saying they would.
Landing founder and CEO Bill Smith shares how the company’s new Nomad pass and partnership with Frontier Airlines allows subscribers unlimited airfare and accommodations.
The pandemic yielded government financial support and (eventually) a surprisingly strong job market — but racial wealth disparities grew. Why is it so difficult to close the wealth gap?
Plenty of retailers and suppliers are reducing the variety of their offerings to focus instead on what they think will sell best. Many businesses have decided less is better, justifying their limited selection by asserting shoppers don’t want so much choice.
Joe Pompliano, author of the Huddle Up newsletter, breaks down the biggest moments from Super Bowl LVIII, from potentially record-breaking viewership to Taylor Swift’s highly anticipated appearance.
David Wright, President and owner of Wright Financial Group, shares his thoughts on why the Federal Reserve seems hesitant to cut rates, and why regional bank stocks could help move the needle.
Disney and Fortnite-maker Epic Games will collab on making new video games with Disney characters. Hopefully it will be more than Mickey Mouse hitting the Griddy.
Hershey is cautioning on its 2024 profit growth as the company contends with rising cocoa costs, leading to increased prices for chocolate. The company anticipates its full-year earnings per share being relatively flat, partly due to higher cocoa and sugar costs.