Global ingredient solutions company, Tate & Lyle, says having its new greenhouse gas (GHG) emissions reduction targets validated by the Science Based Targets initiative (SBTi) will significantly accelerate its decarbonisation program.
The targets, to be delivered by 2028, are consistent with reductions required to limit global warming to 1.5°C above pre-industrial levels, the most ambitious goal of the Paris Climate Agreement.
The company’s new near-term science-based GHG emissions reduction targets have been validated by the corporate climate action organisation, Science Based Targets initiative.
Tate & Lyle director of sustainability, Anna Pierce, said that the company was proud that SBTi had validated its emission reduction targets.
“These will significantly accelerate the decarbonisation of our operations and supply chain.
“We will continue to engage with our customers and suppliers to better understand their climate change challenges, and to work together to solve them.”
Tate & Lyle has committed to the following near-term GHG emissions reduction targets:
Energy and Industrial
- Reduce absolute Scope 1 and 2 GHG emissions by 38% by 2028 from a 2019 base year;
- Reduce absolute Scope 3 GHG emissions by 38% by 2028 from a 2019 base year.
Forests, Land and Agriculture (FLAG)
- Reduce absolute Scope 3 FLAG GHG emissions by 23% by 2028 from a 2019 base year;
- No deforestation across the company’s primary deforestation-linked commodities, by 2026.
The new targets replace the previously validated science-based targets to 2030, at the Well Below 2°C level.
Tate & Lyle chief executive, Nick Hampton, said that climate change is the greatest challenge facing the planet.
“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.”
In addition to the new GHG emissions targets, Tate & Lyle maintains its other sustainability commitments and targets, including:
- All purchased electricity for operations will come from renewable sources by 2030;
- Reduce water use intensity by 15% by 2030;
- All waste to be beneficially used by 2030;
- Maintain sustainable acreage equivalent to the volume of corn purchased each year;
- Achieve net zero by 2050.
Progress against its 2030 targets and commitments will be provided in Tate & Lyle’s Annual Report, which will be published in June 2024.
Tate & Lyle’s Australian and New Zealand (ANZ) branch includes a sales office and service centre in South Melbourne, as well as a food stabilisation manufacturing plant in Brisbane. They have been providing ingredient solutions to the ANZ food and beverage industry for over 30 years.
More information on Tate & Lyle’s climate action can be found at tateandlyle.com/purpose.
