GlobalData offers a comprehensive analysis of Campbell, 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 Campbell’s ESG performance. GlobalData’s company profile on Campbell 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.
Campbell's is an American multinational food company primarily known for its production of canned soups and related products. The company aims to take action to combat climate change
and its impacts by reducing absolute Scope 1 and 2 emissions by 42% by FY2030 compared to a FY2020 base year. Additionally, Campbell plans to reduce absolute Scope 3 emissions from purchased goods and services and upstream transportation and distribution by 25% within the same time frame. The company has already made progress in reducing emissions, with a decrease of 2% in Scope 1 and 2 emissions and 0.5% in Scope 3 emissions.
In addition to GHG emissions reduction, Campbell is taking steps to address other environmental challenges. The company aims to source 50% of each plant-based priority ingredient from suppliers engaged in an approved sustainable agriculture program by FY2025. It also aims to reduce water use by 20% on an absolute basis by FY2025 and decrease the amount of waste sent to landfills by 25% by the same year. Campbell has already achieved a 96% transition of packaging to recyclable or industrially compostable designs and materials.
To achieve its emission reduction targets, Campbell is investing in partnerships and infrastructure development. The company is expanding access to recycling and advancing the development of collection and recycling infrastructure by building partnerships with peers and industry groups. It is also driving increases in recycling rates through standardized on-pack labeling, with the goal of including the How2Recycle label on 100% of packaging by CY2022.
Campbell's sustainability efforts align with several Sustainable Development Goals (SDGs), including goals related to hunger, sustainable agriculture, water management, climate action, and responsible consumption and production. The company is committed to responsible sourcing and aims to source 100% cage-free eggs by the end of CY2025, 100% gestation crate-free pork by the end of CY2022, and improve the welfare of broiler chickens by the end of CY2024.
Overall, Campbell is making significant progress in reducing GHG emissions and addressing environmental challenges. The company's emission reduction plans demonstrate its commitment to sustainability and responsible business practices.