Coca Cola, Heinz And Other Major Food Companies Warn Climate Change Threatens Business

http://thinkprogress.org/climate/2014/09/15/3566246/food-companies-climate-risk-disclosure/

by Emily Atkin Posted on September 15, 2014

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While politicians continue to bicker over whether or not climate change exists, companies now have no choice in the matter — they must acknowledge the science and the risk and disclose the reality of that risk to their investors’ pocketbooks. Whether that risk actually manifests itself is another matter, but the fact that companies are increasingly putting climate change on their threat lists speaks volumes to the severity of the problem.

Here are seven other big food companies that disclose to investors that climate change poses a threat to their products and bottom lines.

Keurig Green Mountain

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It’s long been known that both coffee and tea crops are threatened by climate change. Severe drought has negatively impacted Brazil’s coffee bean crop, and pest invasions have affected Sri Lanka’s tea.

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Michael Foods Group

You probably know Michael Foods Group’s products even if you don’t know their parent company’s name. The $2 billion company produces the AllWhites egg whites, Better’n Eggs, and Simply Potatoes brands. It also says climate change and some of the known effects of climate change pose a risk to its business.

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Heinz

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Big Heart Pet Brands

If you can’t get worried about climate change for humans, then at least think about the puppies and kittens. Big Heart Pet Brands is another one of those parent company names you might not know, but you probably know their brands: Milk-Bone, Meow Mix, Kibbles ‘n Bits, and 9 Lives to name a few. And in that company’s most recent 10-K, it acknowledged that adverse weather events “caused by climate change or otherwise” could drive up the price of its ingredients.

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Omega Protein

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Coca-Cola

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Marine Harvest ASA

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