GlobalData offers a comprehensive analysis of JDE Peet’s, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on JDE Peet’s‘s ESG performance. GlobalData’s company profile on JDE Peet’s offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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JDE Peet's, a global coffee and tea company, recognizes the importance of achieving net-zero emissions and is taking steps to address climate change. The company acknowledges the risks posed by climate change and the opportunities it presents for businesses that take decisive action. JDE Peet aims to start preparing to advance its climate ambition plan towards a 1.5C target aligned with its net-zero 2050 ambition.
JDE Peet's' net-zero targets and goals are clearly mentioned in its 2022 Annual Report. In 2022, the organization established a validated Science Based Target, committing to a 25% reduction in absolute Scope 1 and Scope 2 GHG emissions, and a 12.5% reduction in absolute Scope 3 GHG emissions by 2030, based on a 2020 baseline. Significant progress was made throughout the year in various crucial aspects across the company. Notably, total GHG emissions across Scope 1, 2, and 3 were reduced by 2.8% compared to the 2020 base year, with a 15% decrease in Scope 1 and 2, and a 1% reduction in Scope 3 GHG emissions.
JDE Peet's comprehensive greenhouse gas (GHG) emissions data for the reporting period includes the following key figures: Total Scope 1 and 2 GHG emissions, measured on a market-based approach, amounted to 456,951 tCO2e. The total GHG emissions, considering Scope 1, 2, and 3 on a market-based approach, were 4,594,579 tCO2e. The overall GHG intensity, measured as tCO2e per unit of production, stood at 6.6. Scope 1 emissions, representing direct emissions, totaled 346,139 tCO2e. Additionally, Scope 2 emissions, categorized as indirect emissions from purchased energy, were further detailed with 110,811 tCO2e under market-based assessment and 161,240 tCO2e under location-based assessment. The extensive Scope 3 emissions, covering various categories like purchased goods and services, capital goods, and business travel, amounted to 4,137,628 tCO2e.
JDE Peet's acknowledges that climate change affects everyone, from farmers to consumers, and recognizes the increasing global impacts, such as extreme heatwaves and flooding. The company has already taken steps to tackle climate change and is expected to continue its efforts in the future.
Overall, JDE Peet's is committed to addressing climate change and recognizes the risks and opportunities associated with it. The company has set clear targets for net-zero and has made significant progress in reducing its emissions. It is clear that JDE Peet's is taking climate change seriously and is actively working towards reducing its carbon footprint and creating a sustainable future.
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