Food and Beverage Business
Finance

Unilever unveils new “higher ambition” for climate emission targets

Unilever

Unilever has recently announced its updated Climate Transition Action Plan (CTAP) with new climate emission goals, including near-term Scope 3 greenhouse gas reduction targets. The company aims to lower emissions by 2030, not only within its operational boundaries but also in its value chain, which includes suppliers and retailers stocking its brands.

In a joint statement, Unilever CEO Hein Schumacher and chair Ian Meakins emphasized the importance of taking action to reduce greenhouse gas emissions in line with limiting global warming to 1.5°C above pre-industrial levels. They highlighted the shift towards greater focus and clarity in driving climate action, integrating these goals into the financial growth plans of their business groups.

Unilever’s commitment to reducing operational emissions by 100% by 2030 against a 2015 base year is a key target outlined in the CTAP. Additionally, the company aims to reduce energy and industrial GHG emissions by 42% compared to 2021 by targeting specific groups of Scope 3 emissions.

Furthermore, Unilever has set ambitious targets for Scope 3 greenhouse gas emissions from forest, land, and agriculture, aiming for a reduction of 30.3% by 2030. These initiatives collectively represent a 39% absolute reduction in Scope 3 emissions by 2030.

Looking ahead, Unilever has set a goal to achieve net zero GHG emissions covering Scope 1, 2, and 3 (excluding indirect consumer use emissions) by 2039. The company has also implemented improvements in GHG emissions measurement, using more accurate data and a new measurement system for its largest Scope 3 emissions categories.

Unilever’s revised 2021 GHG emissions baseline stands at 121 million tonnes of carbon dioxide equivalent (CO2e), with a notable reduction to 53 million tonnes CO2e by 2023. These efforts demonstrate Unilever’s commitment to driving sustainable practices and addressing climate change challenges in the food and beverage industry.

In conclusion, Unilever’s updated CTAP reinforces the company’s dedication to environmental sustainability while maintaining a strategic approach to financial growth. By setting ambitious emission reduction targets and prioritizing climate action, Unilever aims to lead by example in the food and drink business sector, driving positive change and creating a more sustainable future for all stakeholders involved.

Related posts

New CEO Appointed by Australian Dairy Group AHF

FAB Team

Fortenova receives two more binding offers for agriculture unit

FAB Team

Palacios partners with American company The Every Co. to produce hen-less eggs

FAB Team