Fresh Del Monte sustainability report: Slight increase in Scope 3 emissions despite transportation changes and āsustainable sourcingā
The agribusiness has achieved 94% of its Scope 1 and 2 reduction target, but Scope 3 goals may be more difficult to meet.
The latest Fresh del Monte sustainability report shows 26% cuts in Scope 1 and 2 emissions in 2022 ā as the food producer's executives warned over the impact of ārecord heat and changing weather patternsā on their network of growers.
The company, which has a market cap of US$1.24 billion, attributed the reduction in Scope 1 and 2 emissions to optimisation of fertiliser use, reduced fuel consumption, and adjustments in facility heating and animal feed at a poultry operation in Jordan. The company installed solar panels in Costa Rica in 2017, but 79% of its energy still comes from fossil fuel sources, the report revealed.
