Climate Action

In 2021, we announced our ambition to achieve net zero across our value chain by 2040. This ambition was a natural extension of the science-based goal we set in 2018 that aligns with reduction requirements to limit global warming to 1.5°C. We are committed to transforming our operations and reducing our emissions in line with levels required to meet the goals of the Paris Agreement.

Embedding sustainability in our business strategy

We are committed to reducing emissions across the value chain (Scopes 1, 2 and 3). Our approach is:

• Strengthened by inclusivity
  We believe collaboration is key to decarbonizing our value chain. That is why we engage the wider industry by partnering with suppliers, retailers and startups with innovative climate solutions.

• Underpinned by nature-based solutions
  Engagement with farmers in our value chain will help scale regenerative agriculture practices to enrich soil health while increasing carbon capture. We also believe implementing nature-based solutions can improve watershed health and help tackle climate change.

• Focused on local impact
  We prioritize local emissions reduction in our operations and across our value chain, including through investment to drive local innovation.

As a best practice, we are committed to working on decarbonizing our operations in alignment with the levels set by the best available science. Our approach considers:

• Science Based Targets Initiative (SBTi) for setting and validating our climate goals and ambitions
• Recommendations from the Task Force on Climate-related Financial Disclosures (TCFD) for disclosing our risks and opportunities related to climate
• GHG Protocol to measure, manage and report GHG emissions across our value chain