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.
Tyson Foods Inc (Tyson Foods) is a food processor and marketer of chicken, beef, and pork. The company markets its products under Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, and State Fair brand names.
Total GHG emissions (Scope 1 & 2) of Tyson Foods in 2021 were 5.79 million tonnes CO2 equivalents (MtCO2eq), a decrease of 5% from 2020. The food company aims to achieve net-zero GHG emissions across its global operations and supply chain by 2050.
GHG emissions are generally classified into Scope 1,2 & 3 emissions. Scope 1 includes direct GHG emissions from energy generated from fossil fuels and refrigerants. Scope 2 encompasses indirect GHG emissions from the on-site generation and purchase of electricity. Scope 3 emission is not disclosed by Tyson Foods in its sustainability report.
Scope 1 emissions form the major portion of Tyson Foods’s total GHG emissions, accounting for around 66% of total GHG emissions, while Scope 2 accounted for around 34% of the total GHG emissions in 2021. Tyson Foods’s Scope 1 emissions decreased by about 2% to 3.83 MtCO2eq in 2021.
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