A new report from The Changing Markets Foundation reveals that most major dairy and coffee companies are falling behind on methane reduction targets. Out of 23 companies ranked, only Danone, General Mills, and FrieslandCampina have published 2030 methane reduction targets. Danone leads the rankings and is the only company aligned with the Global Methane Pledge to cut emissions by 30% below 2020 levels by 2030, having nearly achieved that already. The report highlights that 91% of companies acknowledge the link between livestock and climate change, but only three reported methane reductions in 2024 or 2025: Danone, Le Groupe Bel, and Nestle. Nestle reported a 20.1% reduction without explaining how, while Le Groupe Bel achieved a 23% cut from its 2017 baseline. Methane is 80 times more potent than CO2 and accounts for about a third of global heating, with agriculture responsible for 42% of anthropogenic methane emissions. For carbon market participants, this report underscores the gap between awareness and action in the food sector. Companies that set science-based targets and report regularly are making progress, but the majority lack transparency and ambition. This creates both risk and opportunity for carbon credit projects targeting methane reduction in agriculture and supply chains.
