First Movers Coalition for Food 2026

Endnotes 1. World Economic Forum. (n.d.). First Movers Coalition for Food. https://initiatives.weforum.org/first-movers-coalition- for-food/home 2. Jaeger, M., Hoang, M., Sajid, O., Ifft, J., Ortiz-Bobea, A. & Gauthier, V. (2023). Extreme Heat’s Impacts on Farm Financial Outcomes in Kansas. Environmental Defense Fund, Kansas State University & Cornell Atkinson Center for Sustainability. https://library.edf.org/AssetLink/iy32lyxe1441u4qh43512q37j6mk8b8w.pdf 3. World Economic Forum. (2025). Putting Food on the Balance Sheet: Financing Strategies to Scale Investment in Food Systems Transformation. https://reports.weforum.org/docs/WEF_Putting_Food_on_the_Balance_Sheet_2025.pdf 4. Food and Agriculture Organization of the United Nations (FAO). (2023). Greenhouse Gas Emissions from Agrifood Systems: Global, Regional and Country Trends 2000–2022. https://www.fao.org/statistics/highlights-archive/highlights- detail/greenhouse-gas-emissions-from-agrifood-systems.-global--regional-and-country-trends--2000-2022/ 5. Stockholm Environment Institute. (2022). Agriculture Drives More Than 90% of Tropical Deforestation. https://www.sei. org/about-sei/press-room/agriculture-drives-more-than-90-of-tropical-deforestation/ 6. World Bank. (2025). Freshwater withdrawals for agriculture (% of total freshwater withdrawal) – global aggregate. https://data.worldbank.org/indicator/ER.H2O.FWAG.ZS 7. Jaeger, M., Hoang, M., Sajid, O., Ifft, J., Ortiz-Bobea, A. & Gauthier, V. (2023). Extreme Heat’s Impacts on Farm Financial Outcomes in Kansas. Environmental Defense Fund, Kansas State University & Cornell Atkinson Center for Sustainability. https://library.edf.org/AssetLink/iy32lyxe1441u4qh43512q37j6mk8b8w.pdf 8. United Nations Environment Programme. (2016, June 30). Rice farmers move towards sustainability [Press release]. https://www.unep.org/news-and-stories/story/rice-farmers-move-towards-sustainability 9. Gaupp, F., Hall, J., Mitchell, D. & Dadson, S. (2018). Increasing risks of multiple breadbasket failure under 1.5 and 2°C global warming. Agricultural Systems, Volume 175, pp. 34-45. https://www.sciencedirect.com/science/article/abs/pii/ S0308521X18307674 10. United Nations. (2024). 1.5°C: what it means and why it matters. https://www.un.org/en/climatechange/science/climate- issues/degrees-matter 11. Association for Supply Chain Management (ASCM). (2024). The ABCs of Supply Chain Resilience. https://www.ascm. org/ascm-insights/the-abcs-of-supply-chain-resilience/ 12. MIT Sloan Management Review. (2023). What Makes a Supply Chain Sustainable? https://sloanreview.mit.edu/article/ what-makes-a-supply-chain-sustainable/ 13. Iacurci, G. (2025). Why coffee prices are so high and where they’re headed next. CNBC. https://www.cnbc. com/2025/09/04/why-coffee-prices-are-so-high-and-where-theyre-headed-next.html 14. Bain & Company. (2025). The Visionary CEO’s Guide to Sustainability: What’s still stopping consumers from living sustainably? https://www.bain.com/insights/whats-still-stopping-consumers-from-living-sustainably-ceo-sustainability-guide-2025/ 15. Bain & Company. (2025). The Visionary CEO’s Guide to Sustainability: How Sustainability is Creating B2B Growth. https://www.bain.com/insights/how-sustainability-is-creating-b2b-growth-ceo-sustainability-guide-2025/ 16. World Economic Forum. (2025). Putting Food on the Balance Sheet: Financing Strategies to Scale Investment in Food Systems Transformation. https://reports.weforum.org/docs/WEF_Putting_Food_on_the_Balance_Sheet_2025.pdf 17. European Commission. (n.d.). Regulation on Deforestation-free Products. https://environment.ec.europa.eu/topics/ forests/deforestation/regulation-deforestation-free-products_en 18. U.S. Securities and Exchange Commission. (2025, March 27). SEC Votes to End Defense of Climate Disclosure Rules [Press release]. https://www.sec.gov/newsroom/press-releases/2025-58 19. Vasconcelos, A. et al. (2024). Prospects and challenges for policy convergence between the EU and China to address imported deforestation. Forest Policy and Economics, Volume 162, May 2024, 103183. https://www.sciencedirect.com/ science/article/pii/S1389934124000364 20. Bain & Company analysis, FMC for Food members sustainability reports. 21. Nestlé. (2025). Non-Financial Statement 2024. https://www.nestle.com.mt/sites/g/files/pydnoa291/files/2025-03/non- financial-statement-2024.pdf 22. PepsiCo. (2025). PepsiCo Sustainable Sourcing Guidelines. https://www.pepsico.com/docs/pepsico-5v9wci20/media/ Files/esg-topics/pepsico-sustainable-sourcing-guidelines.pdf 23. PepsiCo. (2025). 2024 ESG Summary. https://www.pepsico.com/docs/pepsico-5v9wci20/media/Files/esg-topics/2024- esg-summary-esg-performance-metrics.pdf 24. This data is based on a Bain & Company analysis of FMC for Food members’ sustainability reports. 25. Mongabay. (2023). EU Bill and new green policies spur progress on Brazil’s cattle tracking. https://news.mongabay. com/2023/09/eu-bill-and-new-green-policies-spur-progress-on-brazils-cattle-tracking/ First Movers Coalition for Food: CEO Lessons for the Future of Food Procurement 25