AGRANA sets its own science-based climate targets
Sustainability Board member Norbert Haringer: “Science-based targets as key to decisively promoting decarbonisation”
AGRANA Beteiligungs-AG submitted its greenhouse gas emission reduction targets to the non-governmental organization Science-Based Targets Initiative for verification purposes. The aim here is to determine whether the Group’s 2030 emission reduction targets are consistent with those of the Paris Climate Agreement. AGRANA joined the Science-Based Targets Initiative (SBTi) in July 2021. SBTi brings together companies that commit to emission reduction targets that are in line with the Paris Climate Agreement.
“These science-based targets are our commitment to further decarbonisation. Our firm intention is to reduce greenhouse gas emissions by more than 30 percent across our entire value chain (scope 1 + 2 + 3) and to reduce emissions from our own manufacturing activities (scope 1 + 2) by more than half. By 2040, we will reduce our own emissions to net zero, and no later than 2050 we are committed to net zero emissions along our entire value chain,” emphasizes AGRANA board member Norbert Haringer.
Due to its proximity to the source of agricultural products, sustainability has always been an integral part of AGRANA’s corporate philosophy. Previously a matter addressed by the entire Board of Directors, sustainability is now defined as a separate area of responsibility at Board level due to the growing environmental challenges facing AGRANA. In addition to sustainability, Harringer is also responsible for the areas of production, investment, raw material supply, quality management and R&D.
To determine its climate targets, AGRANA has now for the first time calculated greenhouse gas emissions along the entire value added chain (scope 1 + 2 + 3) of each of its three business segments (fruit, starch and sugar), taking into account its role as an energy-intensive processor of agricultural raw materials. The main challenge that AGRANA has set itself as one of the first in the industry is the estimation of emissions from the processes of growing agricultural products due to the lack of supplier data. The financial year 2019|20 was set as the baseline for calculations. In total, AGRANA’s business activities amount to around 5.1 million tonnes of CO2d during this period. Most of this (around 80%) originates from the upstream value chain (Scope 3) or more precisely from the cultivation of agricultural inputs (again around 80%). To reduce these emissions, AGRANA will focus on the use of land for agricultural production and on the impact of farming methods. The aim is to collaborate with AGRANA’s suppliers and agricultural partners to develop and implement specific climate reduction targets by 2030.
In addition, and in its role as a processor of agricultural raw materials, AGRANA is already working intensively on the implementation of its plan for a full transition to renewable energy sources for production purposes. Apart from regular energy efficiency steps, key actions here will be a comprehensive green electricity package and, from 2025, thermal recovery of waste from low-protein feedstocks instead of natural gas. The volume of investment in efforts to reduce emissions from Scope 1 + 2 in the period up to 2040 will be around 400 million euros.
AGRANA transforms agricultural raw materials into high-quality foods and numerous industrial intermediates. Around 9,000 employees in 55 production facilities worldwide generate annual Group revenues of approximately €2.9 billion. Founded in 1988, the group is a world leader in fruit preparations and also a major producer of fruit juice concentrates in Europe, as well as a key producer of customized potato, corn and wheat starch products as well as organic ethanol in its starch segment. AGRANA is one of the leading sugar companies in Central and Eastern Europe.
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This press release is available at https://www.agrana.com/en/.
11/28/2022 CET/CEST This media release was issued by EQS Group AG. www.eqs.com