Greenhouse gas (GHG) emissions are one of the major causes of rising global warming, and companies from the FMCG sector 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 FMCG 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.
GHG emissions are generally classified into Scope 1,2 & 3 emissions. Scope 1 includes direct GHG emissions from stationary fuel combustion and refrigerant gases. Scope 2 encompasses indirect GHG emissions from the on-site generation and purchase of electricity. Scope 3 involves all other indirect GHG emissions in companies’ entire value chain.
JBS, Tyson Foods, PepsiCo, Nestle, and ABInBev are major FMCG companies with significant Scope 1 emissions.
JBS SA (JBS) is a leading Scope 1 greenhouse gas emitter. In 2021, JBS’ Scope 1 emissions were 4,675 thousand tonnes of CO2 equivalents, an increase of 1.1% from the previous year. JBS decided to zero its net carbon emissions from all operations by 2040.
Tyson Foods Inc (Tyson Foods), the US-based food company, is one of the major contributors to Scope 1 emissions. Scope 1 emissions form the major portion of Tyson Foods’s total GHG emissions with emissions of 3,830 thousand tonnes of CO2 equivalents in 2021, a decrease of 2% over 2020.
PepsiCo Inc (PepsiCo) is a manufacturer and marketer of non-alcoholic beverages and food products. In 2021, Scope 1 emissions form the major portion of PepsiCo’s total GHG emissions, accounting for 3,597 thousand tonnes of CO2 equivalent (84.4% of total GHG emissions). The beverage company aims to achieve net zero carbon emissions of Scope 1 & 2 by 2030.
Nestle and ABInBev were among the leading emitters of Scope 1 emissions with emissions of 3,370 thousand tonnes of CO2 equivalents and 2,990 thousand tonnes of CO2 equivalents, respectively.
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