Canadian dairy giant Saputo has unveiled environmental targets linked to climate, water and waste that it wants to achieve by 2025.
The company said it proposes to allocate additional resources to support the execution of this plan, which it describes as a “formal commitment,” including a three-year investment of CAD50m (US$37.6m).
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Amongst its targets are to reduce CO2 intensity in its operations by 20% and energy intensity by 10% Saputo also wants to reduce total waste by 25% and food waste by 50% as well as reducing packaging by 15% and ensuring 100% of its packaging is reusable, recyclable or compostable.
“This represents another strong step in the company’s journey to create shared value for its stakeholders through the Saputo Promise, its approach to social, environmental and economic performance,” Saputo said.
Saputo said it expects to deliver on these goals with targeted initiatives focusing on renewable electricity, resource conservation and sustainable packaging. It has also established a governance framework to “foster company-wide accountability and ownership” with Carl Colizza, president and chief operating officer (North America), serving as its executive champion.
It also said it will be liaising with the companies it works with to help them tackle issues linked to sustainability.
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By GlobalData“Looking ahead, Saputo will extend efforts to its supply chain to further assist in helping address industry-wide environmental considerations,” it said.
Last week, Saputo signalled its intention of building a presence in the plant-based area.
However, the company said it has no plans to launch branded, plant-based products.
