Drivers of Sustainability Credentialling in the Red Meat Value Chain—A Mixed Methods Study

Bradley Ridoutt ()
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Bradley Ridoutt: Agriculture and Food, Commonwealth Scientific and Industrial Research Organisation (CSIRO), Private Bag 10, Clayton South, VIC 3169, Australia

Agriculture, 2024, vol. 14, issue 5, 1-12

Abstract: Sustainability credentialling is the communication of environmental, social, economic, or animal-welfare-related information about a producer or product. Demand for sustainability credentials has been increasing and the aim of this study was to describe the main drivers for this kind of information in Australian red meat value chains that reach consumers across Australia and internationally, mainly in Asia, the USA, and the Middle East. The mixed methods approach included consultation with red meat processors. Desk-based research explored drivers from outside the value chain identified in the consultation. Little evidence was found that consumers are a driver of sustainability credentialling. The main drivers were in the global financial system, expressed in coordinated climate action policies by financial service providers and emerging government climate-related financial legislation. The inclusion of Scope 3 emissions extends coverage to most value chain participants. Net zero transitioning presents many risks to red meat value chains, potentially involving costly interventions and greater difficulty accessing financial services, with direct implications for production costs and asset values. Urgent action is recommended to achieve the formal recognition and use of climate metrics that differentiate the management strategies that are applicable to short-lived biogenic methane compared to CO 2 to achieve the Paris Agreement goals.

Keywords: Australia; beef cattle; climate-related financial disclosure; environmental social and corporate governance; ESG; finance sector; goat; lamb; livestock; sustainability reporting (search for similar items in EconPapers)
JEL-codes: Q1 Q10 Q11 Q12 Q13 Q14 Q15 Q16 Q17 Q18 (search for similar items in EconPapers)
Date: 2024
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