Voluntary Carbon Markets & Natural Climate Solutions Research

Overview

The goal of this research project was to investigate the use of carbon credits in the food and beverages industry as part of a food and beverage company's decarbonization strategy. We reviewed Scope 3 emission accounting best practices, identified current challenges, and investigated how supply chain emission reductions (carbon insetting) should be treated.

The Challenge

Food and beverage companies face enormous Scope 3 emission challenges. Their supply chains span agriculture, processing, transportation, and retail — making comprehensive carbon accounting exceptionally complex. Many companies are exploring carbon credits and natural climate solutions as part of their decarbonization strategies, but the landscape of options, standards, and best practices is fragmented.

Our Approach

Working with Ceres, we conducted in-depth research examining how carbon credits and natural climate solutions fit into food and beverage company decarbonization strategies. The research covered Scope 3 accounting methodologies, carbon insetting vs. offsetting frameworks, and practical guidance for companies navigating these complex decisions.

Impact

This research provides food and beverage companies with evidence-based guidance for incorporating carbon credits into their climate strategies — helping ensure that these tools complement, rather than substitute for, direct emission reductions.