The majority of Fazer’s total annual CO2 emissions is related to raw material production in the value chain. We are investigating reliable sources to understand thoroughly our biggest emission sources. Based on our current understanding, the biggest emission sources in our purchases are grains, cocoa, milk, fats and packaging materials as well as transportation. Cooperation with the supply chain will continue to play a central role in reducing the emissions also in the future.
As part of the Science Based Target initiative, we are committed to that 53% of our suppliers by spend covering purchased goods and services and upstream transportation and distribution, will have science-based targets by 2025.
We are actively monitoring the latest development in science and technology. We believe that there will be new fossil-free and low-carbon solutions upcoming and together with our business partners, customers and suppliers we will find new ways to reduce emissions in the future.
COMPANIES AND THEIR SUPPLY CHAINS HAVE A CRUCIAL ROLE IN MITIGATING THE CLIMATE CHANGE
We have had climate related targets for years. By joining the Science Based Targets initiative we will continue our climate work in a globally acknowledged framework together with our stakeholders.
By setting science-based targets, we are committing to reduce emissions, not only in our own business, but also in our value chain. Only by collaboration and joint actions throughout the value chain we are able to reach the needed emission reductions to meet the ambition level of the Paris Agreement and limiting the global warming to 1.5°C.