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, Kimberly-Clark Corp, PepsiCo, and Mondelez were major US-based FMCG companies with significant Scope 2 emissions in 2021.
The Coca-Cola Co (Coca-Cola), the US-based producer, distributor, and marketer of non-alcoholic beverages, is one of the major contributors to Scope 2 emissions. Scope 2 emissions form the major portion of Coca-Cola’s total GHG emissions with emissions of 3,560 thousand tonnes of CO2 equivalents in 2021, an increase of 9% over 2020.
Tyson Foods Inc (Tyson Foods) is one of the leading Scope 2 GHG emitters. In 2021, Scope 2 emissions accounted for around 34% of Tyson Foods’ total GHG emissions, with 1,960 thousand tonnes of CO2 equivalent emissions. The food company aims to achieve net-zero GHG emissions across its global operations and supply chain by 2050.
Kimberly-Clark Corp (Kimberly-Clark) is a manufacturer and marketer of paper-based consumer products. In 2021, Kimberly-Clark’s Scope 2 emissions were 1,180 thousand tonnes of CO2 equivalent. The company has set a goal to reduce its absolute GHG emissions (Scope 1 and Scope 2) by 50% over a 2015 base year by 2030.
PepsiCo and Mondelez were among the leading emitters of Scope 2 emissions with emissions of 683 thousand tonnes of CO2 equivalents and 590 thousand tonnes of CO2 equivalents, respectively.
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