By Ciara Linnane | Market Watch
A Ceres study of how food companies manage water risk scores poultry producer Sanderson Farms at zero.
The growing popularity of plant-based meat and other substitutes has spurred a rapid response from big meat companies, keen to capture a share of a market estimated to be worth $140 billion in 10 years time.
Could the evolution also act as a catalyst for a water-gulping industry to take the management of this resource more seriously?
Meat companies are among the most vulnerable to water risks, from flooding to drought to contamination, and yet they got the lowest scores in a new report from sustainability organization Ceres on water management.
The report, called Feeding Ourselves Thirsty, studied 40 food companies, most of them publicly traded with shareholders to answer to, and found meat companies are not just the worst at addressing water risk, they are one of the biggest users of water…Full Story