Over the past decade, CPG manufacturers and retailers have faced a challenging task: developing robust strategies to meet environmental targets and consumer demands. The value chain of European retailers and wholesalers makes up about 40 percent of the EU’s overall greenhouse gas (GHG) emissions, of which around 5 percent are Scope 1 and 2 emissions and around 95 percent Scope 3 emissions (such as farming, manufacturing, transportation). The reduction of GHG emissions continues to be high on the collective societal agenda. As part of the European Green Deal, the EU’s declared aim is to make Europe the first climate-neutral continent by 2050. This means CPG manufacturers and retailers need to accelerate GHG emissions reduction along the entire value chain. From the field or factory to the store shelf, these sectors need to be decarbonized.
Here’s how to start effectively reducing emissions along the value chain to reach targets, improve product footprints, and capture the economic window of opportunity in a still immature market for low-emission ingredients and raw materials.
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