Food companies Ajinomoto and Danone launch partnership to cut dairy industry's CO2 emissions [Yahoo! Finance]
DANONE S/ADR (DANOY)
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Source: Yahoo! Finance
WHY IT MATTERS: Livestock is a major source of methane emissions, often from manure and the routine bodily functions of animals such as cows' belching, according to the United Nations Food and Agriculture Organization. Furthermore, leading global companies are keen to burnish their ESG (environmental, social and governance) credentials, in which steps taken by companies to protect the environment score highly. CONTEXT: The partnership between Ajinomoto and Danone to cut greenhouse gas emissions also comes after six of the world's largest dairy companies - including Danone - last year unveiled an alliance to cut methane emissions at the United Nations COP28 summit. BY THE NUMBERS: Danone and Ajinomoto said they would join up to use an Ajinomoto product called AjiPro®-L. This is used for a cow's digestive system and figures cited by the companies said it decreases nitrous oxide emissions from manure by approximately 25% and - if combined with a methane reduction additive
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