A new report on the consumer goods sector looked at which companies are ready for a low-carbon transition. One key finding was that, while some companies demonstrated leadership, almost 60 percent of the top 10 revenue-generating brands – especially those that are vulnerable to water scarcity – failed to deliver low carbon innovations in the last five years.
The report ranked 16 of the largest, publicly listed consumer goods companies (parent companies of multiple consumer brands) using a methodology based on the Task Force for Climate Related Financial Disclosure.
According to report authors, “Climate-related resource constraints, particularly around water scarcity, have the potential to disrupt agricultural supply and reduce the feasibility of consuming water-intensive products.” There’s that pesky water-agriculture nexus at work.