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It has been a busy time in the carbon market space for the
livestock and agriculture industries. Earlier this month, the SEC
finalized its carbon reporting rule for registrants, but dialed
back from requiring companies report on supply-chain, or scope 3
greenhouse gas (GHG) emissions. Meanwhile, Athian (athian.ai)
announced the first sale of verified carbon credits to Dairy
Farmers of America (DFA), the largest U.S. milk marketing
cooperative. Known as “insetting,” DFAs supply chain
purchase from a dairy in Texas utilized Athian’s protocol to
generate carbon credits via feed management reduction of enteric
methane emissions. This coupled with recent favorable developments
at FDA to speed feed additives targeting enteric emissions to
market, signal great opportunities for agriculture to lead the way
in voluntary carbon market development. For its part, DFA has
announced an aggressive goal of GHG emission reduction across its
supply chain of 30% by 2030.
The new rule “… will require registrants to
provide certain climate related information in their registration
statements and annual reports…. [including] information about a
registrant’s climate-related risks that have materially
impacted, or are reasonably likely to have a material impact on,
its business strategy, results of operations, or financial
condition. In addition…certain disclosures related to severe
weather events and other natural conditions will be required in a
registrant’s audited financial statements.”
www.sec.gov/…
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