Our Environment pillar is a testament to our commitment to environmental stewardship.
Meeting today’s demand for our products whilst minimising our impact on the environment for future generations.
Through measures to reduce our carbon footprint and embrace a circular economy, we are taking significant steps to ensure that our operations are sustainable and that we are protecting our planet for future generations.
SBTi target approval
We are proud to announce that the Science Based Targets initiative (SBTi) has validated our near-term greenhouse gas (GHG) emission reduction targets. This confirms that our goals align with the reductions recommended by the latest research in climate science, to restrict global warming to 1.5°C, positioning us as corporate leaders of the low-carbon transition.
The SBTi is a globally recognised organisation that helps companies set science-based emissions reduction targets and enables businesses and financial institutions worldwide to play their part in combating the climate crisis.
SBTi validation is important because it ensures that our climate targets are scientifically robust and aligned with the global effort to prevent the worst impacts of climate change. Our validated target reflects our dedication to sustainability and our proactive approach to reducing our environmental footprint. PPF commits to reduce absolute scope 1 and 2 GHG emissions by 42% by 2030 from a 2021 base year. We also commit to reduce absolute scope 3 GHG emissions from purchased goods and services, capital goods, fuel and energy-related activities, upstream transportation and distribution by 42% within the same time frame.
Reducing our GHG emissions in accordance with the Paris Agreement.
The urgency of climate change demands immediate action. Our planet is facing environmental challenges, from melting ice caps to rising sea levels and extreme weather events. At PPF, we recognise the critical need to address these issues. That is why we are committed to taking steps to reduce our greenhouse gas emissions and mitigate our impact on the environment.
Targets:
We are committed to decreasing our absolute GHG emissions across Scope 1, Scope 2, and applicable Scope 3 categories by 42% by the end of 2030 against a 2021 baseline in accordance with our SBTi validated near-term targets.
Achievements:
PPF Nordics’ Environmental Initiative in Sweden
There is a distinct connection between climate change and the loss of biodiversity. At PPF, we recognize the importance of addressing these issues. The availability of food for both humans and animals depends on pollinators, which are under threat due to climate change, fewer flower-rich environments, and pesticide use. In response, PPF Nordics launched an environmental project in collaboration with Initiative 1415, focusing on climate compensation and biological diversity.
In Tväråträsk we preserved a forest, in Tanum we planted a new forest and in Bålsta we established an area for pollinators. This initiative aligns with the European Commission’s “A New Deal for Pollinators,” which was presented in January 2023.
Through our collaboration with Initiative 1415, PPF Nordics is taking meaningful steps to fight climate change and biodiversity loss. By compensating for emissions and enhancing pollinator habitats, we are making a significant impact on environmental sustainability. This initiative also supports broader efforts to maintain ecosystem resilience and food security.
Minimising our impact on the environment by managing our operational waste and optimising our packaging solutions through cross-industry collaboration to improve product circularity.
The concept of a circular economy is fundamental to our sustainability strategy. Our largest sources of emissions are packaging and ingredients, which is where we strive to reduce carbon emissions the most. We are particularly committed to managing our operational food waste, and optimising our packaging solutions.
Targets:
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