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.
Nestle, Essity, ABInBev, Associated British Foods, and LVMH were major European companies with significant Scope 2 GHG emissions in 2021.
Nestle SA (Nestle) is a manufacturer and marketer of food products and beverages and one of the major Scope 2 GHG emitters. Nestle’s Scope 2 emissions were 1,610 thousand tonnes of CO2 equivalent in 2021, a decrease of 15.7% from the previous year. The FMCG company aims to achieve net zero greenhouse gas emissions by 2050.
Essity AB (Essity) is a manufacturer, producer, and seller of consumer tissue, personal care, and professional hygiene products. Scope 2 emissions by Essity were 1,516 thousand tonnes of CO2 equivalent in 2021 which form the major portion of the company’s total GHG emissions. It has set a target to reduce Scope 1 & 2 GHG emissions by 35% by 2030.
Anheuser-Busch InBev (AB InBev) is a Belgium-based alcoholic beverage company and one of the leading Scope 2 GHG emitters. The company’s Scope 2 emissions were 1,420 thousand tonnes of CO2 equivalent in 2021, a decline of 6.4% over 2020.
Associated British Foods Plc and LVMH were among the leading emitters of Scope 2 emissions with emissions of 710 thousand tonnes of CO2 equivalents and 304 thousand tonnes of CO2 equivalents in 2021, respectively.
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