Fazer commits to the Science Based Targets Initiative
Fazer, The Food Experience company, sees food as a solution. How food is grown, produced and consumed has a significant impact on the environment, on society and on our wellbeing. To further support the implementation of its ambitious sustainability agenda, Fazer has committed to the Science Based Targets Initiative (SBTi). In accordance with the SBT, Fazer will define new climate targets and develop its cooperation model with suppliers to reduce emissions both in own operations and throughout the entire value chain.
Fazer has had high ambitions regarding climate actions already for years and the scope of its emission reduction target, one of the company’s four sustainability Core Goals, has covered both own operations and its value chain. As Fazer commits to the SBTi, new climate targets will be defined in line with the Paris Agreement targets. Fazer Group’s total annual CO2 emissions are approximately 1.3 million tonnes and the majority of the emissions is related to raw material production in the value chain. Cooperation with the supply chain will therefore continue to play a central role in reducing the emissions also in the future.
“Fazer has always been a forerunner in sustainability. It is a matter of pride to our employees and meaningful to our consumers. Our sustainability agenda is aligned with our mission: Food with a purpose. We can and will take an even more active role in mitigating climate change,” Christoph Vitzthum, President and CEO of Fazer Group, comments. “Fazer recognises the crucial role the international business community can play in mitigating the risks climate change poses to the future of our planet. By setting science-based targets, we are committing to reducing emissions, not only in our own business, but also in our value chain,” Sari Sarin, Sustainability Director, continues.
The Science Based Targets initiative is a cooperation between UN Global Compact, WRI, WWF and CDP. The aim of the initiative is to enable businesses to take swift climate action by setting ambitious targets for reducing greenhouse gas emissions. Targets adopted by companies are considered science-based if they are in line with the Paris Agreement, pursuing to keep global temperature increase below 2°C above pre-industrial levels with further efforts to limit warming to 1.5°C.
To learn more about Fazer’s sustainability work, please visit www.fazergroup.com. Fazer’s sustainability report 2020, included in the Annual Review, will be published in week 15.
Additional information:
Sari Sarin, Sustainability Director, Fazer Group, tel. +358 50 599 4980, sari.sarin@fazer.com
Fazer’s media phone line is open Mon–Fri from 8:00 to 16:00 EET, tel. +358 40 668 2998
Fazer Group
Fazer, The Food Experience Company, enables people to enjoy the best moments of their day. In 1891, the young Karl Fazer opened his first café with a mission to make food with a purpose – and a passion to create moments of joy for all the people around him. Shaping the next tastes, traditions and food experiences, Fazer’s vision is Towards Perfect Days. Fazer wants people to experience the Northern Magic it creates and builds on its strong heritage, consumer first approach and innovations to create the sustainable food solutions of the future. The Group focuses on fast-moving consumer goods, operates in eight countries and exports to around 40 countries. In 2020, Fazer Group had net sales of 1.1 billion euros and almost 8,500 employees. Fazer’s operations comply with ethical principles that are based on the Group’s values and the UN Global Compact.
Northern Magic. Made Real.
