The SEC recently decided against Scope 3 emissions, and while this may shield farmers from having to track indirect emissions, one ag group warns private companies may still require it.
Matt Herrick with the International Dairy Foods Association says Scope 3 reporting is becoming more common in the global food supply chain. He tells Brownfield Ag News entities like insurance companies and banks are already eyeing the practice.
Food and ag groups were able to help the SEC change their strategy, but Herrick says he hopes lawmakers will continue to support voluntary efforts like USDA’s Climate Smart Commodities program.
