Our climate targets and ambition
Climate change is one of the biggest challenges facing the planet. We believe all businesses must take an active role in creating the solutions and actions to address change. For the sake of future generations, we need to play our part in working towards a 1.5°C future.
In November 2023, we announced our emissions reductions targets for 2030 and an ambition to be net zero by 2050. Since then, the Science Based Targets initiative (SBTi)1 has validated Fonterra Co-operative Group Limited's near term targets.
1 The Science Based Targets initiative (SBTi) drives ambitious climate action in the private sector by enabling organisations to set science-based emissions reduction targets.
Energy & Industrial (E&I) absolute reduction and engagement
↓50.4%
We commit to reduce our absolute Scope 1 and 2 GHG emissions by 50.4% by FY2030 from a FY2018 base year.2
78.2%
We commit that 78.2% of our 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.
2050 Ambition
Net Zero
emissions by 2050.
Forest, Land and Agriculture (FLAG) guidance3 specific intensity reduction
↓30%
We commit to reduce Scope 1 and 3 FLAG GHG emissions from dairy by 30.0% per tonne of fat-and-protein-corrected milk (FPCM) by FY2030 from a FY2018 base year.4
No deforestation
We also commit to no deforestation across our primary deforestation-linked commodities, with a target date of no later than 31st December 2025.
2050 Ambition
Net Zero
emissions by 2050.
2 The target boundary includes land-related emissions and removals from bioenergy feedstocks.
3 The SBTi’s Forest, Land and Agriculture (FLAG) guidance provides the world’s first standard method for companies in land-intensive sectors to set science-based targets for emissions reductions that include land-based emission reductions and removals.
4 The target includes FLAG emissions and removals.
The Fonterra Climate Roadmap: Our strategy to net zero 2050
The Fonterra Climate Roadmap is our strategy - the path that takes us towards our 2030 targets and ambition to be net zero by 2050. It outlines how Fonterra expects to deliver key actions across farming, manufacturing and supply chain operations and the support it will need to get there. First released in November 2023, this second edition provides an update based on the latest data and shows where we are at as a Co-operative today.
Our progress to date
While our progress won’t be linear, one year on we’re on track with our action plan to deliver our targets, but there is more work to do. Hear about our progress below:
Charlotte Rutherford
Director of Sustainability
Hear about Fonterra's overall progress one year on from the Climate Roadmap.
Anne Douglas
Group Director, Farm Source
Listen to Anne talk about Fonterra's progress on farm and how we are supporting farmers to drive efficiencies.
Linda Mulvihill
General Manager, Energy and Climate
Linda shares Fonterra's progress towards transitioning to renewable energy solutions across our manufacturing sites.
