Top farming and food firms could lose up to a quarter of their value by 2030 if they do not adapt to new government policies and consumer behavior tied to climate change, United Nations-affiliated campaigners said in a new report.
This is reported by ProAgro Group with reference to Reuters.
Research presented on Tuesday looked at how 40 big companies including agricultural producers and food retailers could fare under scenarios called key to reducing emissions, such as if governments impose carbon emssions prices or if consumers reduce their consumption of meat.
The study found the companies’ value would decline by an average of around 7% by 2030, equivalent to some $150 billion in investor losses, if they did not adopt new practices.
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