Sustainability efforts continue to rise in our industry thanks to initiatives undertaken by companies such as Maple Leaf Foods. Recently, the protein company announced it will purchase verified agricultural carbon credits through Indigo Carbon, a program backed by Indigo Agriculture. With these commitments, Maple Leaf Foods joins a growing cohort of private industry leaders spurring the global effort to leverage agriculture as a meaningful climate solution.
“We are proud to partner with Indigo Ag as another key milestone in our purposeful journey to becoming the most sustainable protein company on Earth,” said Michael McCain, President and CEO, Maple Leaf Foods. “The potential for carbon sequestration through regenerative agriculture is game-changing for global climate action. As a carbon-neutral company, Maple Leaf Foods is committed to creating a more sustainable food system by investing in high-impact environmental projects and supporting local farmers as they harness the power of agriculture to meaningfully reduce greenhouse gases globally.”
Indigo Agriculture is a company dedicated to harnessing nature to help farmers sustainably feed the planet. Along with Maple Leaf Foods, the company announced additional multi-year commitments to purchase verified agricultural carbon credits through its Indigo Carbon program.
Epiphany Craft Malt will also purchase verified agricultural carbon credits to further its sustainability objectives. According to the release, Cool Effect and The North Face have committed to the program as well.
“Agriculture holds significant promise as a means for addressing climate change, and these partners are supporting the change we need to unlock the industry’s potential to benefit people and the planet,” said Ben Allen, Head of Global Market Development at Indigo. “With the purchase of Indigo Carbon credits, companies directly support farmers’ climate-smart efforts to make beneficial farming practices the norm, not the exception. I’m incredibly proud to count this new crop of companies among our partners, whose investment and collaboration demonstrate a new era of public-private partnership for good.”
With an inaugural credit purchase price of $20/tonne of carbon dioxide equivalents sequestered and abated, Indigo Carbon allows companies to directly finance growers’ transitions to cultivation practices that improve their soil health, profitability, and the environment at large. Representing a new income stream for farmers, the release noted, the credits establish an outcomes-based mechanism to accelerate the adoption of agronomic methods proven to reduce on-farm emissions and remove carbon dioxide from the atmosphere.
Backed by strong private market demand and multi-year purchase agreements, a growing network of over a thousand farmers across 21 states, end-to-end and on-the-ground program support, and committed practice changes on over 2 million participating acres, Indigo Carbon is poised to issue its first credits and reward growers for “farming carbon” later this year.
As private companies increasingly seek out rigorous, science-based strategies for addressing the environmental impact of their operations, verified offsets have emerged as a key tool for facilitating impactful and cost-effective abatement and removal. Indigo Carbon presents one of the first agricultural carbon credit projects to deploy scalable, registry-approved methodologies for monitoring and quantifying net on-farm greenhouse gas (GHG) emissions reductions and removals.
To learn more about the program, click here.
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