Fonterra Director of Sustainability Charlotte Rutherford says she’s delighted the Co-op’s emissions reduction targets have been validated by the Science Based Target initiative (SBTi).
SBTi is a globally recognised organisation that defines and promotes best practice in science-based target setting.
“There’s a lot of rigour applied to the verification process by SBTi, which is essential, and I thank our teams that have worked on this,” says Rutherford.
“Having credible science backed targets is really important to us and our customers. It’s now up to all of us to keep making progress towards these targets to maintain our position as one of the world’s lowest emissions suppliers of dairy at scale.”
Last year Fonterra set a new on farm emissions reduction target and increased its scope 1 and 2 targets as part of its work to be a long-term sustainable Co-op. Since then, the Co-op has been working on the validation of these targets by SBTi.
Scope 1&2
Forest Land and Agriculture Guidance (FLAG)
In seeking validation, the Co-op was required to set an additional scope 3 energy and industrial target. Whereas Fonterra’s other targets cover emissions reduction, this target focuses on the climate ambitions of vendors and customers and their alignment to science-based targets.
This new target is:
Scope 3 energy and industrial engagement
*The target boundary includes land-related emissions and removals from bioenergy feedstocks.
**The target includes FLAG emissions and removals.