GlobalData offers a comprehensive analysis of Conagra, 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 Conagra’s ESG performance. GlobalData’s company profile on Conagra 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.
Conagra, a leading food company, has set ambitious science-based climate targets to reduce its carbon emissions. The company aims to reduce its absolute scope 1 and 2 greenhouse gas (GHG) emissions by 25% by 2030 from 2020 baseline. It also intends to reduce Scope 3 greenhouse gas emissions from purchased goods and services by 20% per metric tonne of material sourced. These goals have been approved by the Science Based Targets initiative and are aligned with the goal of keeping global warming well below 2 degrees Celsius. In 2022, Conagra reported its scope 1 emissions amounted to 418,751 metric tonnes of CO2e and scope 2 emissions amounted to 379,032 tonnes of CO2e.
In terms of carbon emissions trends, Conagra has made significant progress. The company has already reduced its absolute emissions by approximately 11.8% compared to its 2020 baseline. In fiscal year 2022, the company's scope 3 emissions decreased by approximately 5.2% per metric ton of material sourced, which is a quarter of the way towards its 2030 goal. The SBT requirement of no increase in absolute Scope 3 emissions was achieved by the company, demonstrating a decrease of 1,137,720 tCO2e in absolute emissions. The company's scope 1 and scope 2 greenhouse gas emissions were approximately 797,783 metric tons in fiscal year 2022, representing a decrease of approximately 3.6% from the baseline.
Conagra has taken several steps to reduce its emissions and achieve its science-based climate change targets. The company has implemented measures to reduce its carbon footprint, including investments in energy-efficient technologies and renewable energy sources. These efforts have contributed to the significant reduction in emissions mentioned earlier. Conagra is committed to further reducing its emissions in the future and has set specific targets for scope 1, scope 2, and scope 3 emissions.
In conclusion, Conagra is actively working towards achieving its climate change targets and reducing its carbon emissions. The company has made significant progress in reducing its absolute emissions and has specific goals for scope 1, scope 2, and scope 3 emissions. Through investments in energy-efficient technologies and renewable energy sources, Conagra is taking concrete steps to reduce its environmental impact. The company's commitment to sustainability and its efforts to reduce emissions align with global efforts to combat climate change.