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The climate change, increase in awareness among consumers about environmentally friendly products and the depleting natural resources is driving sustainability in food production and consumption. . Food and agriculture are the leading causes of deforestation, biodiversity loss, and up to one-third of all freshwater withdrawals and global greenhouse gas emissions. Amidst a sustainable revolution in the food and agriculture industry, let us look at the trends that may shape in 2023.

Agroforestry is a land management system that has trees and shrubs thriving alongside crops and livestock within a system. It restores the ecological balance in farmlands, prevents soil erosion, water run-off and helps farmers to realize alternate income options and mitigates climate changes. Carbon offsetting with agroforestry has the potential to provide a financial incentive to sequester carbon using this land management strategy and creating a financial diversification and security to the farmer.

The emissions from the food sector today accounts for 29% of global emissions and if we continue to produce and consume the food the way we do, the emissions from agriculture and land use will consume 70 % of the emissions budget available in 2050 to limit the global warming to 1.5˚C. Food system transformation will require an increase in productivity while transitioning to regenerative productive practices, reducing food waste and shifting towards healthy diets.

Carbon Credit is essentially a permit received from government or an authority body to emit a certain amount of CO2 for a specific price. Carbon credits are measurable, verifiable emission reductions from certified climate action projects which reduce, remove or avoid greenhouse gas emissions. Carbon credits can be purchased with the intention of contributing to offset projects. Investing in carbon credits is a necessary step in a company’s goals and commitments and is also vital for saving the planet.

Verification and accuracy are very critical in validating Carbon offsets to generate carbon credits in carbon markets. MRV is a process of measuring the emission reductions of a specific mitigation activity and report the findings to an accredited third party and finally verify the reductions so that they can be certified, and credits can be issued. This reduces transaction costs and time to market hastening the issue of carbon credits.

As this climate crisis worsens, companies are pressurized by investors, regulators and customers to improve their sustainability and report their GHG emissions. Businesses need the best accountability and sustainability platform to manage the carbon accounting, reduction in emissions, managing and reporting in their sustainability strategy. Look into the 8 must haves of the right Carbon Accounting software for your organization.

COP27 offers a unique opportunity to world leaders to build pathways for a resilient and a sustainable agenda, keeping climate change at the forefront. We need to meet the demand of the growing population by protecting both the people and planet. Actions towards GHG mitigation from land, food and agriculture helps to preserve biodiversity and the natural resources.

Food and agriculture are not only the biggest contributors to climate change and biodiversity losses but also are under pressure to increase production. Climate change is real and a threat to society. Companies need to alter their business models to be relevant in a low carbon future and seize the opportunities that come in way. Supply chain decarbonization will be a game changer for corporate climate action.

Agriculture sector has a dual role in the decarbonizing economy with agriculture being both a source and a sink for GHGs. Carbon Neutral agriculture refers to the net-zero balance of emissions and sinks of all the greenhouse gases on the farms in terms of their CO2 equivalents that result in climate neutral systems. Carbon farming is a whole farm approach to optimize carbon capture.

Carbon farming is a form of agricultural practice or land use to increase the amount of carbon stored in the soil. Carbon farming also known as Carbon sequestration stores the greenhouse gases and reduces the gases that are released into the atmosphere. Carbon farming is turning out to be a good business for agriculture companies that are offering climate mitigation services and products.

Non pesticidal Management is an agroecological approach to pest management without the use of chemical pesticides. It is financially lucrative for the farmers and also a means of practical and sustainable means of agriculture practice.

In the seafood industry, traceability is important for food safety, to authenticate sourcing claims, and to verify sustainability. Tracing the fish from the bait to the plate, capturing information, and tracking movement at each stage in the supply chain is vital in the global seafood industry.

Digitization of the supply chain is one way to reduce carbon emissions. Tracking carbon emissions with end-to-end traceability solutions should be a competitive edge to organizations to drive the UN’s Sustainable Development Goals. Carbon Traceability should be the way forward to reach the net zero goals.

With the world’s latest focus on environmental performance, supply chains worldwide are being watched, and demands for accountability are coming from both stakeholders and consumers.

Blockchain-based supply chain traceability makes it possible to track the lifecycle of any product and allows companies to comply with new guidelines while backing up their claims and improving their efficiency.