Blog
Our emissions reduction targets follow science
Fonterra’s 2030 climate targets have been validated by SBTi and align to a 1.5°C future
20 Nov 2024
2 min
Earlier this year, Fonterra’s 2030 climate targets were validated by the Science Based Target initiative (SBTi). SBTi is an internationally recognised organisation that defines and promotes best practice in science-based target setting. This validation means our targets are classified as being in line with the Paris Agreement to limit global warming to 1.5°C.
Our targets are also in line with SBTi’s Forest, Land and Agriculture (FLAG) guidance. This guidance provides the world’s first standard method for companies in these sectors to set science-based targets that include land-based emission reductions and removals. For Fonterra, this a method that includes emissions from dairy.
Energy and Industrial
Fonterra Co-operative Group Limited commits to reduce absolute scope 1 and 2 GHG emissions by 50.4% by FY2030 from a FY2018 base year.*
Fonterra Co-operative Group Limited also commits that 78.2% of its suppliers and customers by emissions, covering purchased goods and services, capital goods, upstream and downstream transportation and distribution, business travel, and processing of sold products, will have science-based targets by FY2028.
Forest, Land and Agriculture (FLAG) guidance
Fonterra Co-operative Group Limited commits to reduce scope 1 and 3 FLAG GHG emissions from dairy 30% per tonne of fat-and-protein-corrected milk by FY2030 from a FY2018 base year.**
Fonterra Co-operative Group Limited also commits to no deforestation across its primary deforestation-linked commodities, with a target date of 31st December 2025.
Fonterra Director of Sustainability, Charlotte Rutherford, says we are extremely proud of the work we’ve done in this space as there is a lot of effort that goes into the verification process. Having these credible, science-backed targets is important to Fonterra and our NZMP™ customers. Moving forward, it is imperative that we continue to make progress towards these targets.
* The target boundary includes land-related emissions and removals from bioenergy feedstocks.
** The target includes FLAG emissions and removals.
