GlobalData offers a comprehensive analysis of Farmer Bros, 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 Farmer Bros‘s ESG performance. GlobalData’s company profile on Farmer Bros 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.
Farmer Brothers recognizes the significance of their commitment to limit global warming to 1.5 degrees Celsius. It initially adopted SBTs to curtail Greenhouse Gas Emissions (GHG) in 2017, and in 2018, reinforced its dedication to achieving the 1.5 degrees Celsius target by 2025. The company aimed to decrease absolute Scope 1 and Scope 2 emissions by 30% by 2025. Its progress reflects a reduction of 39% compared to the 2018 base year. It also set a target to reduce absolute Scope 3 emissions by 18% by 2025. Its progress shows a reduction of 26% from the 2018 base year.
The company aims to achieve zero waste across its operations and has already made progress in recycling and waste diversion. Farmer Bros has partnered with Rubicon and RoadRunner recycling to manage its waste accounts and perform waste audits. The company also implements zero waste practices, such as composting organic materials and recycling packaging materials.
In terms of GHG emissions, Farmer Bros has reported its emissions for scope 1, scope 2, and scope 3. In 2022, the company emitted 18,893 kg of CO2 equivalent in scope 1 emissions, which include direct emissions from its operations. Scope 2 emissions, which are indirect emissions from purchased electricity, were reported as zero. Scope 3 emissions, which include indirect emissions from the company's value chain, amounted to 491,311 kg of CO2 equivalent.
To reduce its emissions, Farmer Bros has purchased renewable energy credits for all its electricity consumption. The company has also set a goal to reduce its GHG emissions by 188,786 metric tons of CO2 equivalent. Additionally, Farmer Bros tracks its energy consumption and has reported using renewable energy sources for a total of 68 TJ.
In terms of materials, Farmer Bros uses a significant amount of coffee, tea, juice, culinary products, and hot cocoa. The company also tracks its use of recycled input materials, which currently accounts for 47% of recycled content from one of its suppliers.
Overall, Farmer Bros is committed to reduce its carbon footprint and implementing sustainable practices across its operations. The company's efforts include waste management, energy consumption reduction, and the use of renewable energy sources. By taking these steps, Farmer Bros aims to minimize its environmental impact and contribute to a more sustainable future.