The company said the approval confirms that its near-term targets for 2030 align with the level of decarbonization required to keep global temperature increase below 1.5°C compared to pre-industrial temperatures, as set out in the Paris Agreement on climate change.
“According to the United Nations, limiting global temperature rise to 1.5°C is still possible, but we are dangerously close to that threshold. That’s why businesses must act with urgency to reduce carbon emissions at scale,” said Andrew Boyd, Chief Sustainability Officer at Perfetti Van Melle.
As part of the confectionery industry, Perfetti Van Melle has also had its Forest, Land, and Agriculture (FLAG) targets evaluated and approved by the SBTi. FLAG targets are specific to companies in land-intensive sectors and include land-based emissions reductions (e.g., from land conversion) and carbon removals (e.g., agroforestry). This absolute target will see Perfetti Van Melle reduce FLAG GHG emissions by 30.3% under scope 3 by 2030 from a 2021 base year.
“I’m proud that Perfetti Van Melle is playing its part in setting near-term company-wide targets for reducing greenhouse gas emissions, which have been evaluated and approved by the SBTi. A significant step in demonstrating our commitment to social and environmental responsibility,” said Boyd