Monsanto, Cargill, Walmart, PepsiCo, P&G, Campbell Soup, Others Join Forces to Promote Sustainable Agriculture
(3BL Media/Justmeans) â Walmartâs inaugural Sustainable Product Expo has brought together more than a dozen global corporations to sign new pledges that push innovation in sustainable food production and recycling. Eight of the largest food companies have announced commitments to help ensure that future supply of food in the world becomes affordable and sustainable through collaboration and efficiency across the food system by 2050.
The joint pledges aim to bring eight million acres of farmland into sustainable agriculture programs and reduce the greenhouse gas emissions by six million metric tons. The companies also joined Walmart in announcing plans to launch a path-breaking recycling initiative called the Closed Loop Fund. The Fund will invest $100 million in recycling infrastructure projects and spur public and private funding to transform the recycling system in the U.S.
Procter & Gamble, along with Walmart, announced a commitment to reduce water per dose for all liquid laundry detergents by 25 percent. In collaboration with Cargill, Walmart is developing a pilot focused on improved beef supply chain visibility. Together with Conservation International and suppliers, Walmart has converted 27 percent of the palm oil used in its private-brand products from conventional to sustainable palm oil.
As part of the announcement, Monsanto has made a commitment to improve efficiency in its irrigation efforts, saving up to 80 billion gallons of water per year by 2020. The company will expand its use of drip irrigation systems to achieve this goal. The company also pledged to develop seeds and tools that allow farmers to better use nutrients and curb greenhouse gas emissions on one million acres by the end of the decade.
Campbell Soup has announced that it will work to reduce GHG emissions and water use by 20 percent per ton of food for its five key agricultural ingredients. PepsiCo has also committed to work with Walmart to expand the use of sustainable farming practices.
Image Credit: Flickr via Masahiro Ihara