Commercial, Energy Efficiency, GHG Emissions - May 31, 2023
The Hershey Company Sets Goal to Drive Sustainable Transformation
With a focus on integrating ESG priorities into its business, The Hershey Company announced a goal is to reduce its environmental impact with a 50% absolute reduction in Scope 1 and 2 GHG emissions by 2030.
"As we continue to act on the most important areas of focus for our business, including responsible sourcing, reducing our carbon footprint, and promoting inclusivity, we are continually reminded that our progress and achievements are made possible by our employees, farmers, partners, and other stakeholders who share our commitment to creating a more sustainable and equitable future," said Michele Buck, CEO of The Hershey Company, in a statement. "We are grateful for their input and support and look forward to continuing this journey together."
Supported by The Hershey Company’s Energy and Water Management Steering Committee, accomplishments include removing carbon-intensive fuels from its facilities and making a $3 million investment in systems that give real-time visibility into electricity usage.
Increasing renewable energy is a critical part of the company’s Scope 2 reduction plan. It announced a 140-megawatt PPA for a utility-scale solar project, which is expected to produce $25 million in economic opportunity, creating local jobs while generating significant power for the communities where they are located.
The Hershey Company also sources renewable energy for its manufacturing facilities, specifically hydropower and solar power. It has zero-emissions credits from nuclear energy until additional solar facilities come online.
The company is participating in the U.S. EPA's ENERGY STAR Challenge for Industry and the U.S. Department of Energy's Better Buildings, Better Plants program, which is allowing it to improve the energy intensity of its manufacturing sites by 6.1%. It also invested nearly $1.5 million in high-efficiency equipment at its headquarters in Hershey, PA.
Highlights are detailed in its 2022 Environmental, Social, and Governance (ESG) Report.