Tate and Lyle’s emissions targets approved by Science Based Targets initiative
Industry solutions and ingredients group Tate & Lyle plc has welcomed confirmation that its greenhouse gas emission reduction targets for 2030 have been approved by the Science Based Targets initiative (SBTi).
Announced in May, the firm’s commitment to a 30% absolute reduction in Scope 1 and Scope 2 cut by 2030 is in line with the Paris Agreement’s central aim to keep a global temperature rise this century well below 2°C.
Furthermore, its plans to reduce emissions from the value chain (Scope 3) by 15% over the same period meets the SBTi’s criteria for ambitious value chain goals. Among its recent initiatives is an investment of $75 million in the US for a new gas-fired heat and power facility at Layfayette, Indiana, US (pictured) to reduce energy impact.
Tate & Lyle, which has in recent years developed a broad spectrum of solutions for confectionery and bakery sectors, is one of only around 65 food and beverage operators globally to have its environmental commitments approved by SBTi, a collaboration between CDP, the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature.
Nick Hampton, Tate & Lyle CEO, said: “At Tate & Lyle, we are passionate about making our contribution to lowering greenhouse gas emissions and minimising the worst effects of climate change. That’s why, inspired by our purpose Improving Lives for Generations, we have set ourselves ambitious environmental targets that are aligned to what the latest climate science is telling us we need to do. We are committed to working actively across our supply chain to help improve our environment and shape a better world.”
Sara Leeman, Environment Lead at Tate & Lyle, added: “To make the necessary reductions in greenhouse gas emissions, manufacturers like us must look beyond our factory gates to our value chain and commit to collaboration. With the approval of our science-based targets, we are delighted to have a unifying framework enabling our employees, suppliers and customers to work together to achieve shared sustainability goals backed by climate science.”