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.
Conagra Brands Inc (Conagra) is a manufacturer and distributor of branded, value-added consumer food, and foodservice items and ingredients. The company's product portfolio includes shelf-stable food products, meals, entrees, frozen foods, sauces, and custom-manufactured culinary products. A few of the major brands include Marie Callender's, Duncan Hines, Birds Eye, Reddi-wip, Vlasic, Healthy Choice, and Slim Jim.
Total GHG emissions of Conagra in 2021 were 0.83 million tonnes of CO2 equivalents (MtCO2eq), a decrease of 0.4% from 2020. Conagra has committed to reducing absolute Scope 1 and 2 greenhouse gas emissions by 25% by 2030 as compared to its fiscal year 2020 baseline. It has also committed to reducing Scope 3 greenhouse gas emissions from purchased goods and services by 20% per metric tonne of material sourced by 2030.
GHG emissions are generally classified into Scope 1, 2, and 3 emissions. Scope 1 includes direct GHG emissions from the combustion of fuels at the company’s owned and operated facilities. Scope 2 encompasses indirect GHG emissions associated with purchased electricity, heat, and steam. Scope 3 involves indirect GHG emissions in the company’s upstream and downstream activities.
Scope 1 emissions form the major portion of Conagra’s total GHG emissions, accounting for around 51.5% (0.43 MtCO2eq) of total GHG emissions in 2021. Conagra’s Scope 2 emissions have decreased by about 4.5% to 0.40 MtCO2eq.
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