Food and drink group Princes has announced its commitment to reduce its absolute Scope 1, 2, and 3 energy and industry greenhouse gas (GHG) emissions by 50.4% by 2032.
Princes has released a statement announcing its plan to reduce GHGs as part of its broader objective to achieve net zero across its value chain by 2050, a goal that has been validated by the Science Based Targets initiative (SBTi).
Environmental targets
Princes states that the newly announced target is complemented by its pledge to lower emissions from Forestry, Land, and Agriculture (FLAG) activities by 36.4% by 2032, and its long-term vision includes a 90% reduction in absolute Scope 1, 2, and 3 energy and industry GHG emissions by 2050, as well as a 72% reduction in FLAG emissions.
The company also aims to transition to 100% renewable energy by 2030, and as part of its commitment to sustainability, Princes aims to prevent deforestation across its primary commodity supply chains by December 31, 2025.
“Environmental, social, and corporate governance (ESG) is fundamental to our business.”
Corporate relations director at Princes David McDiarmid commented: “With these ambitious targets, we are taking decisive action to combat climate change and ensure a sustainable future.
“Environmental, social, and corporate governance (ESG) is fundamental to our business, never seen as a project or undertaken for the sake of compliance, but because we know it’s the right thing to do.”
Princes has delivered a range of sustainability initiatives in recent years, committing to 100% Marine Stewardship Council certified tuna by the end of 2025 and donating all food and drink the business cannot sell to FareShare, with which it holds ‘leading partner’ status.
