January 2024

Climate targets approved by the SBTi

Climate targets are considered by the SBTi to be ‘science-based’ if they are in line with the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels.

We are also among the first companies in our industry with a dedicated ‘FLAG’ target which puts a special focus on emissions from forest, land and agriculture. This means that our emissions reporting encompasses the entire supply chain, and we will engage and work with our supply chain partners to make this happen.

Having independently verified science-based targets demonstrates our business commitment to  building a sustainable economy.

These are our commitments:

• To halve our Scope 1 and 2 emissions* over the next 10 years (by 2032 vs. our 2021 baseline). This target refers to reducing absolute emissions, despite business growth and increasing sales.
• To reduce our absolute Scope 3 emissions by 30% over the next 10 years (by 2032 vs. our 2021 baseline).

To achieve this, our workstreams are centred around reduced gas consumption, increased energy efficiency in production; investment in new technologies and a transition to renewable energy. We also continue to optimise transport logistics, reduce manufacturing material losses and minimise packaging as well as building programs with suppliers and farmers to implement increasingly sustainable farming practices.

We are proud to be part of the industry movement to limit global warming to 1.5°.

Scope 1 Direct GHG (greenhouse gas) emissions which arise from sources owned or controlled by KP Snacks, for example, emissions from fuel combustion in boilers, ovens, fryers, vehicles etc.

Scope 2 Indirect GHG emissions that come from our consumption of purchased electricity, heat or steam.

Scope 3 Upstream and Downstream emissions in the supply chain: all other indirect emissions, such as those created from the extraction and production of purchased materials and fuels, transport activities in vehicles which we don’t own or control, outsourced activities, waste disposal etc.