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🗞️ Driving the news: A Deloitte and NYU Stern CSB survey found that 79% of food and agriculture executives reported revenue growth from sustainability investments, with 74% also achieving cost reductions
• The study highlighted that most companies expect the value derived from sustainability strategies to grow in the coming years
• These findings emphasize the financial and environmental benefits of sustainable practices across the agrifood sector
🔭 The context: Agrifood systems contribute significantly to global environmental challenges, including one-third of greenhouse gas emissions and 70% of freshwater use
• Despite this, the financial case for sustainability is growing stronger, as businesses report notable cost savings and revenue increases linked to sustainable strategies
• Companies that co-invest in sustainability with partners often see even better financial outcomes
🌍 Why it matters for the planet: By prioritizing sustainable practices, companies can help mitigate the environmental impact of food production while enhancing their financial performance
• This shift is crucial for reducing emissions and managing scarce natural resources like water, helping to build a more resilient global food system
⏭️ What's next: As climate-related pressures rise, sustainability will become increasingly critical for maintaining competitiveness in the agrifood industry
• Companies are expected to continue investing in areas such as waste management, sustainable sourcing, and energy efficiency to drive future growth
💬 One quote: "Investing in sustainable and regenerative agriculture will enable companies to build more resilient and sustainable food systems to feed future generations and improve their financial performance," said Tensie Whelan, Founding Director of NYU Stern CSB
📈 One stat: 75% of restaurants achieved at least a 2% cost reduction from sustainability investments
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