Tate & Lyle says it is “committed to being a leader in climate action” after disclosing new greenhouse gas (GHG) emissions reduction targets.
The sweetener maker said its new targets, to be delivered by 2028 and validated by the SBTI (Science Based Targets initiative), are consistent with reductions required to limit global warming to 1.5°C above pre-industrial levels, the goal of the Paris Climate Agreement.
Its new targets are to cut absolute scope 1 and 2 GHG emissions by 38% by 2028 (from a 2019 base year) and reduce absolute scope 3 GHG emissions by 38% by 2028 over the same period.
The FMCG giant is also targeting to reduce absolute scope 3 FLAG (Forests, Land and Agriculture) GHG emissions by 23% by 2028, with a no deforestation target date of 31 December 2025 across its primary deforestation-linked commodities.
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Tate & Lyle CEO Nick Hampton said: “Climate change is the greatest challenge facing our planet and Tate & Lyle is committed to not only playing our part, but to being a leader on climate action collaborating closely with stakeholders across our value chain.
“Our new science-based 2028 targets, aligned to a 1.5°C trajectory, demonstrate our commitment to building a sustainable economy by doing not what is easy, but what is necessary.”
Director of sustainability Anna Pierce said: “ We will continue to engage with our customers and suppliers to better understand their climate change challenges, and to work together to solve them.”
Last month, top climate scientists said company emission reduction targets endorsed by the SBTi are “insufficient” to reach the Paris Agreement climate goals.
