Elanco Joins Newly-Formed Consortium Advancing Climate-Neutral Cattle Innovation

Rhea-AI Summary

Elanco Animal Health (NYSE: ELAN) has joined the Greener Cattle Initiative, committing approximately $5 million over five years to fund research aimed at reducing methane emissions in beef and dairy production. This effort, led by the Foundation for Food & Agriculture Research, responds to the urgent need for climate action as highlighted by the UN. Elanco's participation aligns with its sustainability goals, including its pledge to remove 21 million tons of emissions from customer farms by 2030.

Positive

• Elanco commits approximately $5 million to research reducing methane emissions.
• Participation in the Greener Cattle Initiative shows strong alignment with sustainability goals.
• The initiative could enhance Elanco's reputation as a leader in animal health and climate solutions.

Negative

• None.

Greener Cattle Initiative brings together industries to provide funding for disruptive, methane-reducing innovation in beef and dairy production

GREENFIELD, Ind.--(BUSINESS WIRE)--

Elanco Animal Health Incorporated (NYSE: ELAN) today announces its position as a founding member of the Greener Cattle Initiative, a research consortium that expects to award approximately $5 million over the next five years to support research into tangible, actionable solutions for potentially reducing enteric methane emissions from cattle, a key opportunity to help mitigate climate change.

(Graphic: Business Wire)

Led by the Foundation for Food & Agriculture Research (FFAR), each member of the consortium will review applications, commit funding to research ideas that show promise, and hold the option to further fund and develop individual projects, a collaborative effort that will speed innovation in an area where every second matters. According to the United Nations¹, the world must begin significantly reducing emissions in this decade to prevent irreversible damage to the planet.

“We as an industry have a unique opportunity to be a solution to climate change while delivering nutrition to people who desperately need it,” said Ellen de Brabander, Elanco executive vice president of Innovation and Regulatory Affairs. “We believe the Global Methane Pledge signed by world leaders last week at COP26 shows we are on the right track, and I’m excited to help nurture the science that will propel us down it swiftly and with purpose.”

Most greenhouse gas emissions from cattle production are non-CO2 gases including methane, which is short-lived, staying in the atmosphere for roughly just 12 years. Reducing methane emissions should therefore have a more immediate impact on temperature than gases like carbon dioxide, which stay in the environment for upwards of 1,000 years.

Elanco’s backing of the GCI represents an important next step for the company’s climate-focused work. In September, Elanco – in partnership with Agri-Pulse – hosted the Sustainable Solutions for Zero Hunger by 2030 Forum which brought together 600 global industry leaders and livestock producers to reimagine the way animal protein gets to tables, reducing its environmental impact and building a more resilient global food system.

To learn more about what Elanco is doing to further the conversation on climate change, the company’s 2030 Healthy Purpose™ Sustainability/Environmental Social Governance Pledges, including removing 21 million tons of emissions from customers’ farms, and the importance of animals as a solution to climate change, please visit https://www.elanco.com/en-us/sustainability/animals-are-the-answer.

ABOUT ELANCO
Elanco Animal Health Incorporated (NYSE: ELAN) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets, creating value for farmers, pet owners, veterinarians, stakeholders, and society as a whole. With nearly 70 years of animal health heritage, we are committed to helping our customers improve the health of 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 Food and Companionship Enriching Life and our Elanco Healthy Purpose™ Sustainability/ESG Pledges –all to advance the health of animals, people, and the planet. Learn more at elanco.com.

¹ https://news.un.org/en/story/2021/08/1097362

View source version on businesswire.com: https://www.businesswire.com/news/home/20211108005183/en/

Investor Contact: Dave Pugh, 317-361-9892, david.pugh@elancoah.com

Media Contact: Keri McGrath, 317-370-8394, keri.mcgrath@elancoah.com

Source: Elanco Animal Health Incorporated

FAQ

What is Elanco's commitment to the Greener Cattle Initiative?

Elanco is committing approximately $5 million over the next five years to support research aimed at reducing methane emissions.

How does Elanco plan to reduce emissions?

By funding research into actionable solutions for methane reduction in beef and dairy production.

What is the significance of the Greener Cattle Initiative for Elanco?

It represents a strategic effort to enhance sustainability in livestock production and align with global climate goals.

When did Elanco announce its involvement in the Greener Cattle Initiative?

Elanco announced its participation in the initiative in a recent press release.