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Today, the world’s top climate scientists have said that meat has little place in a 2°C world. The UN’s Intergovernmental Panel on Climate Change (IPCC) has released a report on land use, in which it warns that “dietary choice can have severe consequences for land”, recommending “sustainable diets [that] are high in coarse grains, pulses, fruits and vegetables, and nuts and seeds” and low in “energy-intensive animal-sourced” foods.
It’s bad timing for Brazil’s Marfrig Global Foods. The second biggest beef producer on the planet last week sold $500m in ‘sustainable transition’ bonds, joining Repsol in the ESG hall of fame: a major carbon emitter in an industry whose very existence threatens to scupper the Paris Agreement, selling bonds to finance sustainability improvements. And, like Repsol’s deal, it has divided the market.
Francesca Suarez, an ESG analyst at French respo…