We were among the first companies to adopt science-based reduction targets by the Science Based Targets initiative (SBTi). Our aim is to achieve net zero emissions across our entire value chain by 2040. Each year we make steady progress towards this target. We have decreased our absolute direct emissions by 58% and reduced our absolute total value chain emissions in scope 1, 2 and 3 by a third from 2010 to the end of 2024, despite a global increase in emissions. In 2024, we made important changes to our net zero roadmap after the SBTi validated and approved:
- Renewed climate targets for 2030 and NetZeroby40, including Egyptian operations for the first time.
- Targets for Forest, Land and Agriculture (FLAG) that apply to commodities from forestry, land and agricultural sectors. These are covered in our scope 3 emissions, for example, in packaging, wood and paper pulp, and ingredients such as sugar and fruit juices.
These changes are now reflected in our climate transition plan with a clear set of actions on how to achieve these targets. We will report on these from 2025:
- In scope 1 and 2 we will follow the 1.5°C pathway for 2030 and 2040.
- In scope 3, we will split our targets into two categories: energy and FLAG. Our energy related targets will follow the Well-Below-2- Degrees (WB2D) scenario until 2030 and then the 1.5°C pathway until 2040, our net zero year.
