Commercial, GHG Emissions - September 23, 2021
Suntory Emissions Targets Approved by SBTi
Suntory Holdings and Suntory Beverage & Food announced Sept. 14 that their emissions targets have been approved by the Science Based Targets initiative.
The food and beverage companies’ “Environmental Targets towards 2030” were determined to be in line with the goals of the Paris Agreement across all its Scope 1, 2 and 3 targets. Suntory Group is targeting a 50% emissions cut from direct operations and 30% cut across its entire value chain by 2030.
To reach these goals, Suntory Group plans to source 100% renewable electricity for its 63 directly-owned manufacturing sites and R&D facilities in Japan, the Americas and Europe by 2022. The group will also start introducing internal carbon pricing and plans to invest approximately 100 billion JPY ($900 million USD) by 2030 into low-carbon technologies.
“Science has proven that global warming is accelerating at an unprecedented pace, and governments, businesses and societies must do more to reduce our environmental footprint,” Tomomi Fukumoto, chief operating officer of sustainability management at Suntory Holdings, said in a statement. “Having emissions reduction targets approved by the SBTi is just the beginning and we are committed to doing everything possible to achieve our targets and make real impact not only in our direct operations but across the entire value chain.”
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