Commercial, GHG Emissions, Sourcing Renewables - June 1, 2022
Hershey Achieves Reduction Across All Scopes
The Hershey Company achieved a 48% reduction of its Scope 1 and Scope 2 GHG emissions, making progress toward its 2030 goal of a 50% absolute reduction compared to a 2018 baseline.
The company also reported an 18% reduction in Scope 3 emissions, which is on track to reach its goal of a 25% absolute reduction in Scope 3 emissions by 2030 compared to a 2018 baseline.
To reduce its Scope 1 and Scope 2 GHG emissions, Hershey continues to transition to renewable energy through investments in three new solar farm projects across the U.S. and purchasing Renewable Energy Credits and Zero-Emissions Credits.
With more than 96% of Hershey's total GHG emissions resulting from its extended value chain, the company seeks to further its impact across sourcing, production, operations and manufacturing.
Details were provided in the company’s 2021 ESG (environmental, social and governance) Report.
"Hershey has been an integral member of the communities in which we live and operate since our founding," said Michele Buck, CEO, The Hershey Company, in a statement. "The culture that Milton Hershey created propels us to build on that legacy as we focus our efforts on integrating the important environmental, social and governance priorities throughout our business. We've made meaningful advancements on our global commitments, including our efforts to improve cocoa sustainability and support cocoa-growing communities. We've also made significant progress reducing our emissions in line with our science-based targets and were named by Forbes as the World's Top Female Friendly Company."
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