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.
The Hershey Co (Hershey) manufactures and distributes chocolate and non-chocolate confectionery. The company markets its products under various brands including Hershey’s, Reese’s, Kisses, Jolly Rancher, Whozeewhatzit, and Ice Breakers.
The total GHG emissions of Hershey in 2021 were 5,555 thousand tonnes of CO2 equivalents, a decrease of 8.2% from 2020.
GHG emissions are generally classified into Scope 1, 2, and 3 emissions. Scope 1 includes direct GHG emissions from sources owned or controlled by the company. Scope 2 encompasses indirect emissions resulting from the generation of energy that the company purchases, such as electricity. Scope 3 involves other indirect emissions that relate to the emissions produced by Hershey’s entire value chain.
In 2021, Scope 3 emissions form the major portion of Hershey's total GHG emissions, accounting for around 5,347 thousand tonnes of CO2 equivalent (96.3% of the total GHG emissions). In 2021, Hershey's Scope 1 emissions were 147 thousand tonnes of CO2 equivalent, and Scope 2 emissions were 61 thousand tonnes of CO2 equivalent.
In 2021, Hershey announced a science-based GHG-reduction goal to cut its absolute Scope 1 and Scope 2 emissions by more than 50% and absolute Scope 3 emissions by 25% by 2030.
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