Climate Change PolicyGlobal climate change poses a serious threat to communities, businesses, farmers and ecosystems across the world. Climate change is already resulting in significant changes to local weather patterns and water availability. The scientific community’s best projections indicate that, without a dramatic and rapid reduction in greenhouse gas emissions, average global temperatures will continue to increase, resulting in severe changes in weather and ecosystems.
Climate change will impact businesses in nearly every sector of the economy, including those most relevant to our company. Climate change is expected to have a particularly large impact on the agricultural sector. According to a 2013 United Nations Environment Program report: Climate change impacts, including changes in temperature averages and extremes, precipitation patterns and volumes, ranges of diseases and pests, and incidence of extreme weather events, droughts and floods will severely affect the growing conditions for crops.
Businesses have an obligation to their stakeholders to both mitigate their greenhouse gas emissions, and develop and implement climate change adaptation strategies across their value chains. Climate change adaptation requires long-term investment and collaboration with other companies, with communities, with NGOs, and with local and national governments.
Governments play an essential role in addressing climate change. Therefore, we join many other corporate leaders in encouraging national and local governments to develop policies that will result in substantial reductions in greenhouse gas emissions and robust adaptation measures.
Keurig Green Mountain's strategy to address climate change includes three primary components: adaptation, mitigation and engagement:
Adaptation. The greatest climate change risk we face relates to the impact on our agricultural products and the communities in which they are produced. Therefore, we pledge to:
- Integrate adaptation tactics into our sourcing guidelines
- Support industry standards that address climate change mitigation and adaptation practices
- Provide adaptation and resilience training for our farmers to improve yields, optimize water use, diversify crops and adjust to changing local weather conditions
- Invest in research to develop different varieties of coffee plants that are better suited for changing climate and weather conditions
- Integrate climate change adaptation with our ongoing efforts to improve livelihoods among our farmers and farming communities
Mitigation. Reducing energy consumption and greenhouse gas emissions throughout our value chain benefits our bottom line and contributes to the shared effort to reduce climate change risks. Therefore we pledge to:
- Develop a full understanding of the greenhouse gas emissions across our entire value chain, from farm and factory, to operations and logistics, to product use, to product end of life/disposal/recycling
- Continuously reduce GHG emissions across our value chain, focusing most effort and investment where the opportunity for emissions reduction is greatest
Engagement. Working collaboratively with others is the only way to have significant and lasting impact on climate change. Therefore we pledge to:
- Engage with governments to advance the establishment of public policies that encourage significant reductions in GHG emissions, improve resilience, and support adaptation
- Work with other companies in the food/beverage sector to align efforts, to maximize our collective impact
- Collaborate with NGOs, leveraging their expertise and providing them with the resources they need to do their work
- Communicate openly with stakeholders about progress and challenges
Posted March 2014