We are committed to limit global warming to 1.5°C
Reducing emissions to mitigate climate change has been an essential part of our sustainability agenda for a long time. As the science-based targets have become the globally recognized standard for companies setting carbon reduction targets, the commitment to the SBTi is a natural continuum to our climate work.
The new climate targets are in line with the Paris Agreement targets to limit the global warming to 1.5°C.
Fazer’s ambitious emission reduction targets include both our own operations and our value chain.
- reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions by 42% by 2030 from a 2020 base year
- reduce absolute scope 3 GHG emissions by 42% by 2030 from a 2020 base year
- engage 53% of suppliers by spend, covering purchased goods and services & upstream transportation and distribution, to commit to the science-based targets by 2025
Main actions to reduce emissions in our own operations
Based on the deep dive analysis of our own operations, where we looked at the energy consumption in all our facilities, we were able to see a path forward to reducing carbon emissions by 2030.
IN ORDER TO REACH THE AMBITIOUS TARGETS, WE WILL FOCUS OUR ACTIONS ON FOSSIL-FREE ENERGY AND IMPROVING ENERGY EFFICIENCY
We have already lead many energy efficiency activities in our production units and we have systematically switched to buying green electricity. In Finland, Sweden and Latvia the purchased electricity is already 100% green from fossil-free sources, while at the Group level the share was 86% in 2020.
According to the recently updated energy and climate roadmap, the next step is to begin replacing natural gas with biogas. In addition to the step-by-step approach in switching from natural gas to biogas, one obvious solution for all Fazer’s businesses is investing in heat recovery. Other action to improve energy efficiency in addition to heat recovery, are for example to improve ventilation and air conditioning or switch to energy saving lighting. In order to reach our emission reduction targets, we will also invest in bio-heating facilities.
Fazer reports on the progress of its climate actions on an annual basis.
What is SBTi?
The Science Based Targets initiative is a cooperation between United Nations Global Compact, World Resource Institute (WRI), the World Wide Fund for Nature (WWF) and Carbon Disclosure Project (CDP). The aim of the initiative is to enable businesses to take swift climate action by setting ambitious targets for reducing greenhouse gas emissions. Targets adopted by companies are considered science-based if they are in line with the Paris Agreement, pursuing to keep global temperature increase below 2°C above pre-industrial levels with further efforts to limit warming to 1.5°C.