The latest Carbon Performance data for the world’s largest
food producers are now available on the
TPI tool. This update covers 53 food producers [1]. As of September, these companies represent a market capitalisation of $668 billion [2].
The
Food and Agriculture Organisation (FAO), estimated that in 2023, the emissions attributable to the food sector reached 16.5 Gt CO₂eq, representing almost one-third of global GHG emissions. Farm-gate emissions from livestock and crop and land-use change remain the primary drivers of food system emissions, accounting for 8.1 Gt (49%) and 3.2 Gt (19%) CO₂eq, respectively [3].
The TPI Global Climate Transition Centre (TPI Centre) methodology assesses historical and projected GHG emissions, comparing them against sector-specific benchmarks to evaluate their alignment with the goals of the Paris Agreement.
The TPI Centre is the academic partner of the Transition Pathway Initiative (TPI), a global investor-led initiative supported by over 155 asset owners and asset managers. Based at the London School of Economics and Political Science, it is an independent and authoritative source of research and data on the progress being made by corporate and sovereign entities in the transition to a low-carbon economy.
For any questions related to the Carbon Performance data or methodology, please email:
tpi.centre@lse.ac.uk.
[1] Food producers assessed in this cycle are: Ajinomoto, Almarai, Archer Daniels Midland, Associated British Foods, BRF, Barry Callebaut, Britannia Industries, CJ Cheiljedang, Campbell Soup, China Feihe, China Mengniu Dairy, ConAgra Brands, Darling Ingredients, Flowers Foods, Foshan Haitian Flavouring and Food, Freshpet, General Mills, Gruma, Grupo Bimbo, Hain Celestial, Hershey Company, Hormel Foods, Ingredion, Inner Mongolia Yili Industrial, J M Smucker, Kellogg, Kerry Group, Kikkoman, Kraft Heinz, Lamb Weston Holdings, Lindt & Spruengli, McCormick & Co, Meiji Holdings, Mondelez, Mowi, NH Foods, Nisshin Seifun Group, Nissin Foods, Nomad Foods, Orkla, PPB Group, Post Holdings, Saputo, Ting Hsin, Tate & Lyle, Toyo Suisan Kaisha, Tyson Foods, US Foods, Uni-President Enterprises, WH Group, Want Want China, Wilmar, Yakult Honsha.
[2] Market capitalisation coverage is calculated for the companies for which this sector represents their primary activity. The calculation can change due to fluctuating corporate valuations, the size of the company universe assessed, or due to company sectoral reclassifications. Companies with a Not Assessed alignment were excluded from the total market capitalisation.
[3] The agri-food system GHG emissions data have not been updated since our
February 2026 upload. FAO's October 2025 data release remains the most recent available source, as their annual update has not yet been published at the time of this publication.
Photo: Ries Bosch on Unsplash
