Climate change is one of the biggest challenges facing the planet. We believe all businesses must take an active role in creating the solutions and actions to address change. For the sake of future generations, we need to play our part in working towards a 1.5°C future.
In November 2023, we announced our emissions reductions targets for 2030 and an ambition to be net zero by 2050. Since then, the Science Based Targets initiative (SBTi)1 has validated Fonterra Co-operative Group Limited's near term targets.
¹The Science Based Targets initiative (SBTi) drives ambitious climate action in the private sector by enabling organisations to set science-based emissions reduction targets.
We commit to reduce our absolute Scope 1 and 2 GHG emissions by 50.4% by FY2030 from a FY2018 base year.2
We commit that 78.2% of our suppliers and customers by emissions, covering purchased goods and services, capital goods, upstream and downstream transportation and distribution, business travel and processing of sold products will have science-based targets by FY2028.
We commit to reduce Scope 1 and 3 FLAG GHG emissions from dairy by 30.0% per tonne of fat-and-protein- corrected milk (FPCM) by FY2030 from a FY2018 base year.4
We also commit to no deforestation across our primary deforestation- linked commodities, with a target date of no later than 31st December 2025.
²The target boundary includes land-related emissions and removals from bioenergy feedstocks.
³The SBTi’s Forest, Land and Agriculture (FLAG) guidance provides the world’s first standard method for companies in land-intensive sectors to set science-based targets for emissions reductions that include land-based emission reductions and removals.
⁴The target includes FLAG emissions and removals.
Hear about Fonterra's overall progress one year on from the Climate Roadmap.
Listen to Anne talk about Fonterra's progress on farm and how we are supporting farmers to drive efficiencies.
Linda shares Fonterra's progress towards transitioning to renewable energy solutions across our manufacturing sites.
View Fonterra's progress scorecard to understand how we are tracking against our 2030 targets.
Or learn more about how Fonterra is working together for tomorrow.
The way we dairy in New Zealand is different because of our land, our people, our spirit of co-operation and our can-do attitude. Join us for a farm to plate journey and find out how we dairy here.