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The consequences of climate change are everywhere and escalating, and combating it is the challenge of our lifetime. We are taking action like never before and building on our progress in reducing our end-to-end carbon footprint and working toward our long-term goal of net zero carbon emissions by 2050. We have committed to a 2050 goal of net zero greenhouse gas emissions across our full value chain. As part of this goal, we have signed the Science Based Targets initiative’s (SBTi’s) Business Ambition for 1.5 C, aligning our long-term emissions mitigation targets with the aim of lifting temperature rise in accordance with the Paris Agreement. In addition, we have joined the United Nations Race to Zero Campaign to help build momentum towards a decarbonized economy.
Achieving net zero is no easy task but we have set a clear path and know what we have to do to steer toward our long-term goal. To deliver lasting change at scale, we are prioritizing where we can have the greatest impact, focusing on innovative and measurable solutions, and collaborating to drive sector-wide transformation. We take an end-to-end approach – from field to shelf – to reach our net zero emissions goal by focusing our efforts across key areas including: cocoa, wheat, dairy, renewable energy, oven & refrigerants, logistics and packaging. We are transforming how we do business across 150 countries, tens of thousands of suppliers and hundreds of thousands of farmers. Our differentiated approach to sustainability is focused on driving lasting progress at scale and creating long-term value for our business and stakeholders.
As we adjust our path towards net zero, we continue to deliver against our 2025 commitments, including reducing our absolute end-to-end greenhouse gas emissions by 10% by 2025 (compared to a 2018 baseline), which is equivalent to 23% reduction vs. business-as-usual.
Our targets to reduce CO₂ emissions in our operations and across our lifecycle constitute a concrete approach to mitigating climate change risks. We focus on tackling deforestation through more sustainable sourcing of these four key commodities (cocoa, dairy, wheat and palm oil) where our direct purchase has the largest risk of deforestation, so we can make the largest impact to reduce our overall carbon footprint.
We draw on our Lifecycle Assessment (LCA) to help us shape our priorities and focus our efforts to reduce our carbon footprint for maximum effects. Land use change within our supply chain is the largest single contributor to our end-to-end carbon footprint and represents a major opportunity to reduce CO₂ release into the atmosphere.Learn more about Climate Action Response