US snacks major Hershey has announced 2030 goals intended to reduce its environmental footprint and address climate change.
The Reese’s and York owner said its “science-based targets” to reduce emissions are in line with the goals of the Paris Climate Agreement and requirements to keep warming to 1.5°C.
Hershey has set a goal of reducing its absolute Scope 1 and Scope 2 emissions by more than 50% and its Scope 3 emissions by 25% by 2030, compared to a 2018 baseline.
Under the internationally-recognised Greenhouse Gas Protocol, an organisation’s emissions are split into three ‘scopes’. Scope 1 covers direct emissions from owned or controlled sources. A second, Scope 2, covers indirect emissions from the generation of the electricity, steam, heating and cooling bought and consumed by a reporting organisation. Scope 3 includes all other indirect emissions that occur in a company’s value chain.
Hershey said it will invest in renewable energy and land-use initiatives and target 100% of its plastic packaging being recyclable, reusable or compostable by 2030.
It has also announced a no-deforestation policy.
Michele Buck, Hershey CEO, said: "Climate change is one of the most urgent threats to our planet that we face today. In order to deliver on our purpose to make more moments of goodness, we must operate with sustainability at the forefront and commit to doing our part to address climate change. We will continue to use our scale and apply the full force of our business to reduce our greenhouse emissions and drive climate action forward."
The company has signed two power purchase agreements (PPAs) that will enable the construction of two new solar farms.
On packaging, the company has set a new goal to reduce packaging weight by 25 million pounds by 2030.
On deforestation, Hershey said it is committing to end deforestation across its supply chain by 2030 with a new company-wide deforestation policy.
"Hershey's commitment to end deforestation applies to all suppliers across its raw material supply chains, though the company will prioritise achieving independent verification of compliance with this policy for the commodities in its supply chain that present the greatest risk of contributing to deforestation: cocoa, palm oil, pulp & paper (packaging), and soy," it said.
The company said it will take action regarding any supplier that is not in compliance with the policy, including potentially suspending or removing them from our supply chain.