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 indirect GHG emissions in the company’s entire value chain such as the purchase of goods and services, waste generated in operations, upstream transport, and distribution.
Coca-Cola, Tyson Foods, Nestle, Essity, and ABInBev are major FMCG companies with significant Scope 2 emissions.
Coca-Cola is a leading Scope 2 greenhouse gas emitter. In 2021, Coca-Cola’s Scope 2 emissions were 3,560 thousand tonnes of CO2 equivalents, an increase of 9% from the previous year. The FMCG company aims to reduce its absolute GHG emissions by 25% and to be carbon neutral by 2050.
Tyson Foods Inc (Tyson Foods), the US-based food company, is one of the major contributors to Scope 2 emissions. Scope 2 emissions accounted for 34% of Tyson Foods’ total GHG emissions with emissions of 1,960 thousand tonnes of CO2 equivalents in 2021. The food company aims to achieve net-zero GHG emissions across its global operations and supply chain by 2050.
Nestle is a manufacturer and marketer of food products and beverages. In 2021, Scope 2 emissions accounted for 1,610 thousand tonnes of CO2 equivalent, a decrease of 15.7% from 2020. The company aims to achieve net zero greenhouse gas emissions by 2050.
Essity and ABInBev were among the leading emitters of Scope 2 emissions with emissions of 1,516 thousand tonnes of CO2 equivalents and 1,420 thousand tonnes of CO2 equivalents, respectively.
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