Published 4 hours ago
Submitted by Elanco Foundation
GREENFIELD, Ind., February 12, 2024 /CSRwire/ – Athian (athian.ai) announced the creation of the first voluntary livestock carbon marketplace of its kind, with the first accepted protocol aimed at reducing intestinal methane emissions and improving feed utilization by using innovative feed management products from Elanco Animal Health (NYSE: ELAN). This new carbon marketplace offers farmers the opportunity to monetize their greenhouse gas emissions reductions.
Athian verifies its first farms and creates, certifies and sells carbon credits across the dairy value chain. This means:
- Dairy farmers of all sizes now have the opportunity to implement sustainability interventions on their farms, measure the impact and participate in third-party verification of their greenhouse gas emissions reductions. The resulting carbon credits can be offered for sale on Athian’s livestock carbon marketplace.
- Companies in the dairy value chain (such as consumer packaged goods companies and food retailers) can then purchase these carbon credits to help achieve their Scope 3 emissions reduction targets.
- The purchase of these credits returns economic value to the farmer through sales, while supporting the U.S. dairy industry’s progress toward their own environmental commitments of greenhouse gas neutrality by 2050.1
- In the long term, this market will expand to other livestock and poultry.
“Athian’s first dairy carbon credits are an exciting and critical 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 Paul Myer, CEO of Athian. “This marketplace, designed specifically for the animal protein industry, is different from traditional carbon offset markets because it preserves value – both economic value and positive environmental value – across the animal protein value chain.”
Providing farmers with economic opportunities
Despite farmers’ widespread awareness of carbon markets, only 3% of farmers participate in these markets today, according to a recent study cited by the United States Department of Agriculture (USDA).2 Creating an integrated market model that works with recognized supply chain partners makes it easier for farmers to measure and conduct rigorous verifications will help break these entry barriers and accelerate progress.
“As a co-founder and seed investor in Athian, we are excited to see the company achieve the milestones that will deliver new value to farmers and help them progress toward carbon-neutral agriculture,” said Jeff Simmons, president and CEO of Elanco. Animal health. “As a leader in animal health, we have been primarily focused on providing enteric methane reduction solutions to producers. If the entire US dairy industry were to take advantage of this intervention, it would avoid 4.7 million tons of CO2e emissions annually from stomach, feed and manure emissions. This is a game changer for value creation across the food chain, and it’s just the beginning. Environmental sustainability must be based on farmers’ profitability.”
Elanco has also developed UpLook™, an insights-based engine designed to measure and monitor greenhouse gas emissions. The tool uses on-farm data and peer-reviewed science to identify the key drivers of a company’s carbon footprint and track the progress of their sustainability efforts. UpLook connects seamlessly with 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 objectives
Food companies and retailers have made public commitments to collectively reduce more than 100 million tons of greenhouse gas emissions by 2030. Despite progress in setting business targets, reducing Scope 3 emissions, which typically arise from the production of raw materials such as milk, has been a major challenge. The creation of Athian’s livestock carbon credit marketplace provides companies across the animal protein value chain the opportunity to make meaningful progress toward their Scope 3 greenhouse gas reduction goals.
Athian and Elanco will join the Reuters Transform Food USA 2023 event on Thursday, November 2, 2023 to discuss more about this transformation.
Carbon credits for methane reduction are now available for purchase through Athian’s carbon marketplace. Visit www.athian.ai for more information and to contact Athian directly.
Elanco Animal Health Incorporated (NYSE: ELAN) is a global leader in animal health committed to innovating and delivering products and services to prevent and treat diseases in farm animals and pets, creating value for farmers, pet owners companion animals, veterinarians, stakeholders and society. a whole. With nearly 70 years of experience in animal health, we want to help our customers improve the health of the animals in their care, while also making a meaningful impact on our local and global communities. At Elanco, we are driven by our vision of life-enriching food and companionship and our Elanco Healthy Purpose™ sustainability commitments – all to promote the health of animals, people and the planet.
Athian’s primary mission is to help beef and dairy value chains capture and claim carbon credits generated by 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 credits.
2. USDA releases assessment on agriculture and forestry carbon markets | USDA
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Elanco is a global innovation-driven company that develops and markets products to improve animal health and food animal production in more than 75 countries. Elanco employs more than 2,400 people worldwide, with offices in more than 40 countries, and is a division of Eli Lilly and Company, a leading global pharmaceutical company. Additional information about Elanco is available at www.elanco.com.
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