- Date: 19 March 2024
- Author: Elizabeth Lien
Climate change is expensive. In 2023 alone, NOAA recorded 28 climate change related disasters in the U.S. whose damages clocked in at more than a billion dollars each. Those 28 disasters cost the U.S. economy just shy of $93 billion in a single year. To give a sense of contrast, from 2018 to 2022, federal product liability Approved Class Action Settlement Awards and Punitive Damages, which are part of a category of risk that private companies are required to report on, together totaled about $415 million nationwide over five years. And despite the uncertainty involved in litigating class action product liability, an investor would be rightfully upset if a company failed to disclose a pending suit.
A step forward with a new rule
The Securities and Exchange Commission (SEC) published a draft rule in 2022 on how publicly traded companies should report on their climate risk. In response, the SEC received over 24,000 comments on the draft rule and finally voted on a final rule on March 6, 2024. It is not often that such a mundane government meeting about financial reporting receives so much attention but there is a very good reason why: climate risks are increasing, they are expensive, and they can’t be managed if we don’t know where the problems are.
SEC Chair Gensler made clear that SEC staff have been working for years to develop and finalize this climate disclosure rule to provide decision-useful information to investors because climate risks are material and we couldn’t agree more. Climate risk can – and very often does – impact a company’s bottom line and it is critical that investors have sufficient information in the financial report to determine if a company’s finances are sound. Some companies have been reporting on climate risk for years and often do so in stand-alone sustainability reports, but this SEC rule standardizes the process and requires the reporting to occur in the financial report where it belongs and in a way that allows investors to compare across entities on an apples-to-apples basis.
- Date: 11 March 2024
- Author: Cristina Marcos
From the witness stand of the Senate Environment and Public Works Committee to the offices of 68 members of Congress, WWF is leading the charge on Capitol Hill for pragmatic policy solutions to reduce plastic pollution.
The Senate Environment and Public Works Committee held a first-ever hearing on March 6 to evaluate a potential solution to plastic waste long championed by WWF: Extended Producer Responsibility. Erin Simon, WWF Vice President and Head, Plastic Waste and Business, served as an expert witness to explain why this concept, also known as EPR, to shift the financial responsibility of material waste management from consumers and municipalities to plastic producers would help transition our economy away from wasteful single-use plastics.
- Date: 10 March 2024
- Author: Ellen Dierenfeld, Lead Specialist, Sustainable Feed Innovation
Many years and another lifetime ago, I headed up the Department of Wildlife Nutrition for the St. Louis Zoo. One day I received a call from the head of a group called “Carpbusters,” who organized bow and fishing tournaments throughout the region to rid the rivers of invasive carp. Sportsmen paid fees to join the festivities, enjoyed their luck with feisty fish, and were awarded prizes for various categories of daily catch.
The lack of a proper outlet for the extracted fish, however, bothered the leaders of this conservation effort as thousands of pounds of high-quality protein rotted on the riverbanks after each weekend. Would the zoo be able to utilize carp for feeding fish-eating species? was the query. They could be delivered fresh and intact, as a free donation.
It was an excellent idea. As with most animal operations, feed costs comprised the largest portion of management, and the annual fish budget was high. If we could make a dent in the budget for feeding endangered species, while at the same time contributing to eradication of invasive species that threatened natives and their habitats, it would be a win-win for conservation.
- Date: 08 March 2024
Friday March 8th marks International Women’s Day, and we celebrate the many women in conservation whose contributions make WWF’s work possible. Achieving lasting impacts in sustainability requires diversity in ideas, backgrounds, and disciplines. From scientists to marketing experts, the women of WWF bring an array of perspectives and talents. We invite you to take a few minutes to watch some of our most recent video highlights featuring WWF women in sustainability.
- Date: 06 March 2024
- Author: Danny Miller, Lead Specialist, Aquaculture, WWF
You are what you eat – or, more precisely, you are what you’re eating has eaten. Corn, for example, is so present in the diet and processing of the cows, chickens, and other animals eaten by Americans that the author Michael Pollan, in “The Omnivore’s Dilemma,” quotes one researcher who calls us “corn chips with legs.”
For companies that produce animal proteins – the beef, fish, and fowl that make up so much of our dinner menus – knowing what is in animal feed is a key to knowing whether their animals are getting the right nutrients.
But there’s a surprising little secret in that world: most livestock and aquaculture producers don’t know the sources, much less the practices, associated with the production of ingredients in the feed that they give their animals.
- Date: 05 March 2024
In celebration of the newest film in the action-comedy franchise, Kung Fu Panda 4, WWF has teamed up with DreamWorks Animation to raise awareness about the plight of wildlife. The film features animated versions of real animals like giant pandas, snow leopards, red pandas, and pangolins – all species that play a critical role in keeping ecosystems healthy.
- Date: 15 February 2024
- Author: Madalen Howard, WWF
Freshwater fish, often overlooked in conservation initiatives, are essential components of aquatic ecosystems. Despite their vital roles in maintaining biodiversity and supporting human livelihoods, they remain marginalized in the realm of conservation. This oversight is evident in the lack of representation of freshwater migratory species in protective measures.
Currently underway in Uzbekistan, the 14th Conference of the Parties (COP14) of the Convention on the Conservation of Migratory Species of Wild Animals (CMS) brings together nations, conservation organizations, and experts to address the pressing issues facing migratory species worldwide. One of the most significant highlights of this conference is the release of the inaugural authoritative report on the Status of the World’s Migratory Species, which paints a stark picture of the challenges migratory animals are facing.
Regrettably, its key findings are sobering:
- Date: 12 February 2024
- Author: Pete Pearson, Senior Director, Food Loss & Waste
This is a call to all those scrambling to finish their strategies for the Climate Pollution Reduction Grants. Commonly known as CPRG, this EPA program will soon provide $4.6 billion to states, local governments, tribes, and territories to build and unleash ambitious plans for slashing greenhouse gas emissions and toxic air pollution.
No doubt cities and states nationwide are working in overdrive to drop their Priority Climate Action Plans, or PCAPs, by March 1, gearing up for competitive funding to bring their initiatives to life. Last December, NRDC published a call for action, making a case that adding food waste projects will make the CPRG applications more competitive. Already leading the charge are Michigan, Missouri, Montana, New Jersey, New Mexico, and Oregon, throwing down the gauntlet with food waste in their playbook. New Jersey held extensive workshops and community building sessions that looked at food waste.
These climate action blueprints are going to be important. Every state and city must tackle food waste. With CPRG grants in play, there’s a rare opportunity for action since waste systems are controlled by city and state governments and typically require policy and government funding to fix. The proposals must show real climate impact and scalability.
Unfortunately, many climate proposals still fail to address the crisis of food waste, the single largest item in trash. In the US alone, growing food that is wasted generates 170 million metric tons of CO2 emissions annually, equivalent to those of 42 coal-fired power plants. And that’s not even counting methane emissions from food waste rotting in landfills. Landfills rank third in US methane emissions. Global agriculture devours 40% of the world’s land and 70% of its freshwater and emits one third of global greenhouse gas emissions.
But food waste is more than an environmental issue. World Wildlife Fund estimates that 40% of the world’s food is either lost on farms or tossed away in restaurants, grocery stores, schools, and home kitchens while 780 million of us go to bed hungry. We must revolutionize our food systems to feed more people without wrecking the planet. Cutting down on food waste can be a powerhouse for slashing methane, supporting farmers, and boosting local communities.
Thankfully, there are coalitions and state toolkits available today that can be adapted and scaled. For example, California’s Senate Bill 1383 sets methane reduction targets by curbing disposal of organic waste in landfills. It aims to ensure that edible food is recovered, food scraps are composted, compost is purchased by cities, and that inedible food can be used for industries and animal feed.
Climate action plans aren't one-size-fits-all. What works in one state might not cut it in another. But the silver lining lies in the fact that as cities and states work to address food waste, they can tap into a shared treasure trove of best practices and amplify solutions.
So last call. If your PCAP isn’t shouting “Food Waste!” I suggest you add it immediately. Of course, things like energy and transportation are important, but the picture isn’t complete without regenerative and waste-free food systems.
Pete Pearson is senior director of food waste at World Wildlife Fund (WWF) in Washington, D.C., where WWF works together with the Zero Food Waste Coalition.
- Date: 12 February 2024
- Author: Sam Wildman, Senior Program Officer, Animal Ag Systems
The US Round Table for Sustainable Poultry and Eggs (US-RSPE) gathered 65 industry leaders, experts, and stakeholders in November 2023 for their annual meeting. This pivotal conference aimed to propel the sector’s sustainability efforts by addressing critical issues within the poultry and egg supply chains and creating a collaborative atmosphere for workshopping shared challenges.
In 2018, WWF was a founding member of the US-RSPE, in part because of the need to encourage market transformation towards sustainable intensification and the need for continuous improvement at speed and scale yet seen. The roundtable has evolved to not only be the thought leader on the sector’s continuous improvement, but to be a space for leaders to collaborate and advance action on shared challenges across the pillars of people, planet, and poultry.
The meeting encouraged and facilitated rich discussion across all three pillars of poultry and egg sustainability – people, planet, and poultry. Robert Bonnie, USDA Under Secretary for Farm Production and Conservation shared his optimistic perspective of the industry’s progress and opportunities, followed by timely discussions on how to advance the impact each organization has associated with biosecurity and bird health, effective workforce development strategies, and poultry feed sustainability.
Executive Director of US-RSPE, Ryan Bennett, expressed enthusiasm about the outcomes of the meeting, stating, "November was a chance for us to provide the resources and knowledge for the poultry sector to go into 2024 ready to support and change the conversation about poultry sustainability."
The meeting served as a platform to set the course for the organization's growth with the release of a new strategic plan, building on the success of the member-driven metrics framework and its impact on the poultry and egg sector.
A significant achievement highlighted at the conference was the current progress on the Roundtable Framework Tool, the first-ever sustainability assessment tool designed specifically for the poultry and egg industry. With a year of implementation behind them and having met past strategic objectives, US-RSPE is aiming to scale further, supporting the sector's growth and sustainability.
As the Framework continues to be a game changer, Bennett emphasized the organization's commitment to increasing awareness and expanding support to drive positive change within the industry. The US-RSPE annual meeting has proven to be essential for those dedicated to advancing sustainable practices within the poultry and egg sector.
- Date: 07 February 2024
For our Rising Stars series, we're featuring the next generation of leaders who are working toward a more sustainable world. We recently spoke with Jess Zeuner, a Program Specialist on the Plastic & Material Science team at World Wildlife Fund to learn about her role, her inspiration, and advice for those new to the field.
Describe your role for your company and what a typical day looks like.
As a Program Specialist on the Plastic & Material Science team at World Wildlife Fund, I support programs and partnerships that advance WWF’s vision of No Plastic in Nature by 2030. A typical day in my role includes collaborating with my colleagues on several projects and planning for upcoming events and workshops to engage stakeholders from across the plastics value chain. I’ve been with WWF for four years now and each day I am challenged to learn and grow in a dynamic environment, and I think that’s the best type of role a young professional could ask for.