CEOs speaking at Reuters Transform Food Today Announce the First-of-its-Kind Livestock Carbon Inset Market has First Carbon Credits Verified for Sale
Athian is verifying its first farms and creating, certifying and selling carbon credits within the dairy value chain. This means:
- Dairy farmers of all sizes now have the opportunity to implement on-farm sustainability interventions, measure the impact and participate in third-party verification for their greenhouse gas emissions reductions. The resulting carbon credits can be offered for sale in Athian's livestock carbon insetting marketplace.
- Companies in the dairy value chain (such as consumer-packaged goods companies and food retailers) can then purchase those carbon credits as contributions towards achieving their Scope 3 emissions reduction goals.
- With the purchase of these credits, economic value is returned to the farmer via the sale while supporting the
- Over the long term, this marketplace will expand to other livestock & poultry.
"Athian's first carbon credits for dairy are an exciting and crucial step as they demonstrate the ability to tangibly quantify and verify greenhouse gas emissions reductions and create monetary value for farmers for their efforts," said
Empowering Farmers with Economic Opportunities
Despite widespread awareness of carbon markets by farmers, only 3% of farmers are participating in these markets today, according to a recent survey cited by the
"As a co-creator and seed investor in Athian, we're excited to see the company reach the milestones that will bring new value to farmers and help them advance toward climate-neutral farming," said
Elanco also developed UpLook(TM), an insights-based engine designed to measure and monitor greenhouse gas emissions. The tool utilizes on-farm data and peer-reviewed science to identify key drivers of an operation's carbon footprint and track the progress of their sustainability efforts. UpLook connects seamlessly to Athian's cloud-based verification system to help farmers quantify their reduction efforts and certify carbon credits for sale.
Enabling The Value Chain to Achieve Sustainability Goals
Food companies and retailers have made public commitments to collectively reduce more than 100 million metric tons of greenhouse gas emissions by 2030. Despite the progress in corporate target-setting, the reduction of Scope 3 emissions, which typically come from the production of raw materials like milk, has been a significant challenge. The creation of Athian's insetting livestock carbon credit marketplace provides companies in the animal protein value chain the opportunity to make meaningful progress toward their Scope 3 greenhouse gas reduction goals.
Athian and Elanco are participating in the
Enteric methane reduction carbon credits are now available for purchase through Athian's insetting carbon marketplace. Visit www.athian.ai to learn more and connect directly with Athian.
Additional Resources:
https://www.athian.ai/knowledge-hub
ABOUT ELANCO
ABOUT ATHIAN
Athian's key mission is to help the beef and dairy value chains capture and claim carbon credits generated through on-farm sustainability efforts by aggregating, verifying, and certifying greenhouse gas (GHG) reductions, and monetizing those reductions for the producer through the sale of carbon insetting credits.
1. https://www.usdairy.com/sustainability/environmental-sustainability
2. USDA Releases Assessment on Agriculture and Forestry in Carbon Markets |
Media Contact
Season Solorio
+1.765.316.0233
season.solorio@elancoah.com
Investor Contact
+1.317.273.9284
kathryn.grissom@elancoah.com
.
(C) 2024 M2 COMMUNICATIONS, source