GlobalData offers a comprehensive analysis of JDE Peet’s, 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 JDE Peet’s‘s ESG performance. GlobalData’s company profile on JDE Peet’s 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.
JDE Peet's, a global coffee and tea company, committed to reduce its environmental impact, setting science-based targets through SBTi. The company targets to reduce its absolute Scope 1 & 2 greenhouse gas (GHG) emissions by 25% and scope 3 GHG emissions by 12.5% emissions by 2030 from its 2020 base year. JDE Peet's latest filings mentioned the keywords 'Climate Change' and 'Emissions' most number of times.
In 2022, the company reported its Scope 1 emissions at 346,139 tCO₂e, Scope 2 location-based emissions at 161,240 tCO₂e, Scope 2 market-based emissions at 110,811 tCO₂e, and Scope 3 emissions at 3,976,389 tCO₂e. The company aims to achieve 100% of its packaging components designed to be reusable, recyclable or compostable by 2030 and zero waste-to-landfill at all its manufacturing sites by 2025.
JDE Peet's has taken steps to reduce its carbon emissions, including investing in renewable energy, energy-efficient equipment, and sustainable packaging. The company has also implemented a circular economy approach to reduce waste and increase recycling. The company’s focus remains on reducing its Scope 3 GHG emissions through climate-smart agriculture and regenerative agriculture. In Brazil, JDE Peet partnered with Comexim in the south of Minas Gerais on a project targeting 600 farmers, aimed at supporting initiatives to install bio-digesters to treat domestic sewage, reforestation, and biodiversity conservation awareness. In Indonesia, the company is in final discussions with its strategic supplier ECOM, the Netherlands Enterprise Agency (RVO), and Rainforest Alliance to address the risk of deforestation and gender inclusivity in coffee growing communities.
JDE Peet's is committed to reduce its carbon emissions in its operations and achieve its greenhouse gas (GHG) emissions targets by increasing manufacturing efficiency and efficiency across other facilities and operations, while reducing its fuel consumption. The company's science-based targets helping it to both contribute to a low carbon economy and aid them in achieving its sustainability objectives. As a result, the company wants to set actual or equivalent science-based targets for all 16 of its key suppliers by the end of 2023.
In conclusion, JDE Peet's demonstrates its dedication to environmental sustainability by setting goals to significantly reduce greenhouse gas emissions across its operations and supply chain. The company's circular economy approach, investments in renewable energy and sustainable packaging, as well as partnerships promoting climate-smart agriculture, reflect its commitment to combating climate change.