Greenhouse gas (GHG) emissions are one of the major causes of rising global warming, and the companies from the FMCG, retail, packaging, and food service sectors account for a significant amount of the global emissions. CO2, Methane & NOx gases form a major part of greenhouse gases released from fossil fuels such as gas and oil. Due to rising GHG emissions from companies, it became important among major contributing sectors to report gas emissions during their operations.
Companies from the consumer sector are under increasing pressure to reduce their carbon footprint. Consumers are becoming more aware of excess carbon dioxide emissions' detrimental environmental effects. Their consumption behavior changes due to this, and they take an active interest in sustainability issues.
Campbell Soup Co (Campbell) produces and sells convenience food and beverage products. The company's product portfolio includes soups, broths, stock products, cookies, crackers, biscuits, baked products, sauces, refrigerated, and salad dressings, dips, and snacks. Campbell markets products under several brands, including Pepperidge Farm, Campbell’s, Spaghettios, Chunky, Late July, Kettle, Swanson, Emerald, Pop Secret, Cape Cod, V8, Snyder's-Lance, Snyder’s of Hanover, Pace, Prego, and GoldFish.
Total GHG emissions of Campbell in 2021 were 6.94 million tonnes of CO2 equivalents (MtCO2eq), a decrease of 0.5% from 2020.
GHG emissions are generally classified into Scope 1, 2, and 3 emissions. Scope 1 includes direct GHG emissions from sources that are owned or controlled by the company such as emissions associated with fuel combustion in boilers, furnaces, and vehicles. Scope 2 encompasses indirect GHG emissions associated with purchased electricity, heat, steam, or cooling. Scope 3 involves indirect GHG emissions in the company’s upstream and downstream activities, such as the purchase of goods and services, waste generated in operations, upstream transport, and distribution.
In 2021, Scope 3 emissions form the major portion of Campbell’s total GHG emissions, accounting for around 6.26 million tonnes of CO2 equivalent (90%) of total GHG emissions. In 2021, the company's Scope 2 emissions (0.22 million tonnes CO2 equivalent) decreased by 12%, and Scope 1 emissions (0.47 million tonnes CO2 equivalent) decreased by 1% annually.
Campbell commits to a 42% reduction of absolute Scope 1 and 2 GHG emissions by 2030 (from the 2020 baseline) and a 25% reduction of absolute Scope 3 GHG emissions from purchased goods and services and upstream transportation and distribution within the same time frame.
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