GlobalData offers a comprehensive analysis of Glanbia, 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 Glanbia‘s ESG performance. GlobalData’s company profile on Glanbia 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.
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Glanbia, a global nutrition company, has set climate targets to reduce its greenhouse gas (GHG) emissions and achieve the goals by 2030. The company plans to work with packaging suppliers on recycled content analysis in 2023. Glanbia has made investments taken steps to reduce emissions and is expected to continue doing so in the future. There's a target to achieve a 50% absolute reduction in operational emissions (Scope 1 & 2) by 2030 compared to the 2018 baseline concerning climate change (energy & emissions). Additionally, a 25% reduction in dairy emissions intensity (Scope 3) is targeted by 2030.
In 2022, the company's scope 1 emissions amounted to 139,753 metric tonnes of CO2e and scope 2 emissions amounted to 125,227 metric tonnes of CO2e. Glanbia has reported its emissions in accordance with the GRI Standards. The company calculates emissions using the GHG Protocol Corporate standard and the Science-Based Targets initiative (SBTi) guidance. In 2022, Glanbia did not purchase, produce, sell, or retire carbon offsets. The baseline year for emissions data is 2018. In 2022, there was an 8.6% reduction in Scope 1 and 2 greenhouse gas ("GHG") emissions concerning climate change (energy & emissions) compared to 2021. Additionally, 45% of the electricity consumed was sourced from renewable sources.
In 2022, the GHG emission intensity for Glanbia's business units was 0.15 MtCO2e for GPN, 0.21 MtCO2e for GPN Specialty, 0.18 MtCO2e for GN Dairy, and an overall total of 0.18 MtCO2e for Glanbia. The excerpts from the 2022 ESG report also mention the company's fuel consumption and energy consumption. In 2022, the organization's total energy consumption included 745,111 mWh from Non-Renewable Fuel, 73,421 mWh from Renewable Fuel, and 352,976 mWh from Purchased Energy.
In conclusion, Glanbia has set climate targets for reducing its GHG emissions, and achieve the goals by 2030. The company plans to work with packaging suppliers on recycled content analysis in 2023. Glanbia has already taken steps to reduce emissions and is expected to continue doing so in the future.
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