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Campbell Sets Science-based Greenhouse Gas Reduction Targets to Combat Climate Change
Releases 2022 Corporate Responsibility Report CAMDEN, N.J.--(BUSINESS WIRE)-- Campbell Soup Company (NYSE:CPB) today announced new science-based targets to
About this update from The Campbell's Company
[{"type":"text","content":"\nReleases 2022 Corporate Responsibility Report\n\n CAMDEN, N.J.--(BUSINESS WIRE)--\nCampbell Soup Company (NYSE:CPB) today announced new science-based targets to reduce greenhouse gas emissions as part of its overall environmental, social and governance (ESG) strategy outlined in its 2022 Corporate Responsibility Report.\n\n“Since our founding in 1869, Campbell has been committed to making a positive impact on the communities we call home and the planet we share,” said Mark Clouse, Campbell’s President and Chief Executive Officer. “We are taking a holistic approach to ESG and focusing on areas where we believe we can make a meaningful difference as we unlock our full growth potential and create value for all our stakeholders.”\n\nCampbell is committed to building a more resilient food system and has long set greenhouse gas emissions reduction goals for its own operations, starting in 2010. Campbell’s new science-based targets commit to:\n\n\nReduce absolute Scope 1 and 2 greenhouse gas emissions 42% by fiscal 2030 from a fiscal 2020 base year\n\n\nReduce absolute Scope 3 emissions from purchased goods and services and upstream transportation and distribution 25% within the same time frame\n\n\n“The food industry has an important role to play in reducing greenhouse gas emissions, and we are committed to doing our part,” said Stewart Lindsay, Campbell’s Vice President, Corporate Responsibility and Sustainability. “We believe addressing emissions within our own operations and across our value chain will benefit our business, our industry, and the communities in which we operate.”\n\nThe Science Based Targets initiative has approved Campbell’s emissions reduction targets as consistent with levels required to meet the goals of the Paris Agreement. The targets covering greenhouse gas emissions from Campbell’s operations (Scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C, which the latest climate science has indicated is needed to prevent the most damaging effects of climate change.\n\nCampbell releases 2022 Corporate Responsibility Report: Delivering on our Purpose\n\nThe report highlights the company’s four ESG pillars—trusted food, vibrant communities, thriving people and healthy environment—and details Campbell’s measurable progress against ESG goals for its fiscal 2021 operations, including:\n\n\nIm...