A report by the data analytics and consulting firm, GlobalData, reveals that at least five major food producers generate significant greenhouse gas (GHG) emissions during their production processes.
Nestlé SA (Nestlé) ranks first, with GHG emissions reaching 119 million tonnes of CO2 equivalent (MtCO2eq). GlobalData notes that this figure represents a 0.4% decrease from 2020. The report states that "This FMCG company aims to achieve net-zero greenhouse gas emissions by 2050." (FMCG stands for fast-moving consumer goods; these are everyday consumer products with relatively affordable prices, such as food, beverages, or cosmetics).
Second is Mondelez International Inc (Mondelez), a US food and beverage producer, with emissions of 25 million tonnes, a 3.4% increase from 2020.
Danone SA (Danone), a Spanish producer of dairy and nutritional food products, holds the third position with the same emission level of 25 million tonnes, a 5% decrease from 2020.
Fourth is General Mills Inc (General Mills), with emissions of 14 million tonnes in 2021, a 2.3% increase from 2020.
Fifth is Hershey Co (Hershey), a producer of chocolate and sugar-based non-chocolate products, generating 6 million tonnes of emissions in 2021, a significant 8.2% decrease from 2020.
All the companies mentioned above are categorized as large corporations due to their market capitalization exceeding US$32 billion in 2021. Nestlé is the largest, with a market capitalization of US$298 billion.
GlobalData highlights GHGs as a major contributor to global warming. It points out that companies in the FMCG, retail, packaging, and food service sectors contribute significantly to global emissions. Carbon dioxide (CO2), methane, and nitrous oxide (NOx) are major components of greenhouse gases released from fossil fuels such as gas and oil.
GlobalData states, "Given the increasing greenhouse gas emissions from companies, it is important for major contributing sectors to report gas emissions during their operations."
This GlobalData research is a documentation study, primarily based on sustainability reports from the companies involved.