Commercial, Energy Efficiency, GHG Emissions - August 30, 2024
Brambles’ Scope 3 Emissions Fall 8%
Brambles announced an 8% decrease in Scope 3 emissions against fiscal year 2023 due to its continued collaboration with its CHEP brand name customers and partners to decarbonize its supply chain and lower volumes of pallet purchases.
The logistics company that owns pallets, crates and containers also announced a 1% year-on-year reduction in Scope 1 and 2 emissions and the achievement of a 15% reduction in GHG gas emissions across the entire value chain (Scope 1, 2 and 3) based on the fiscal year 2020 baseline, while maintaining carbon neutral operations (Scope 1 and 2).
As released in its 2024 Sustainability Review, Brambles’ decarbonization efforts continue to track ahead of the glidepath to meet its science-based targets by 2030.
“The significant progress made toward Brambles’ 2025 sustainability targets reflects the shared pursuit of these goals by our employees, customers and partners, and takes us closer to our ambition of bringing regeneration to the world’s supply networks,” said Graham Chipchase, Brambles CEO, in a statement. “More than ever, Brambles has a responsibility to lead on regeneration, to demonstrate the commercial, environmental and societal benefits of this pathway and to inspire the broad range of actions that will be required to restore and replenish our natural systems.”
Brambles started outlining nature-related impacts and dependencies in its 2024 reporting after becoming an early adopter of the Taskforce on Nature-related Financial Disclosures framework.
The company provided a comprehensive climate update in its 2024 annual report detailing climate transition and adaptation strategies.
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