GHG Emissions - April 7, 2022
Del Monte Foods Sets 2050 Goals
Del Monte Foods, Inc. announced its commitment to achieving net zero emissions by 2050 in line with the Science Based Targets Initiative's (SBTi) Net-Zero Standard.
The company has committed to defining near-term science-based targets to reduce Scopes 1, 2, and 3 carbon emissions.
"As Growers of Good, creating a healthy and more hopeful tomorrow has been at the core of Del Monte Foods' purpose for over 130 years," said Greg Longstreet, CEO of Del Monte Foods in a statement. "Committing to a net-zero emissions goal, aligned with SBTi, extends our environmental sustainability commitments and gives us aggressive and measurable milestones to reach as we strive to nourish the planet, people and communities for many generations to come."
Del Monte Foods plans to reduce or eliminate the majority of its existing emissions rather than purchase external carbon credits to offset emissions. The company has already made important strides on its path to decarbonization, including:
- Streamlining its operations footprint to maximize output and eliminate unnecessary emissions from facilities operating at less than full capacity.
- Doubling its capital investment in production operations over the past three years to add automation and other technologies for improved efficiency and reduced waste.
- Investing in renewable energy, including installing a 3MW solar array at its Hanford, CA facility.
- Increasing the use of rail by 20% over the past year, while optimizing truck transportation by increasing average truck miles per gallon by 14.3%.
- Reducing food waste, including diverting more than 25 million pounds of food from landfills over the past two years through a focus on upcycling and food donations.
Del Monte Foods will continue to invest in key areas to aggressively reduce carbon emissions in both direct and indirect operations, including renewable energy, automation technology, transportation efficiency, earth-friendly packaging innovation, and regenerative agricultural practices in partnership with its network of U.S.-based, multi-generational growers.
Del Monte Foods will develop specific 2030 emissions reduction targets aligned with SBTi criteria which will be presented to SBTi for official validation.
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