In March, The Hershey Company announced commitments to reducing Scope 1 and Scope 2 emissions by more than 50%, and Scope 3 by 25% by 2030 (as compared to their 2018 baseline). Hershey committed to the Science Based Targets initiative (SBTi) that it would audit its operations and develop targets to reduce its greenhouse gas emissions in line with the best available climate science. These commitments were announced as part of their larger climate action and clean energy goals.
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By taking a holistic, global approach, Hershey aims to reduce overall emissions through targeted investments in energy efficiency, renewable energy, packaging innovations, and sustainable land-use policies. These commitments are part of Hershey’s Environment, Social, and Governance (ESG) agenda.
“Climate change is one of the most urgent threats to our planet that we face today. In order to deliver on our purpose to make more moments of goodness, we must operate with sustainability at the forefront and commit to doing our part to address climate change,” Michele Buck, The Hershey Company President and Chief Executive Officer, said in a statement. “We will continue to use our scale and apply the full force of our business to reduce our greenhouse emissions and drive climate action forward.”
The Edison Energy team worked with Hershey on a number of clean energy initiatives, serving as an advisor on Hershey’s energy procurement strategies in order to support their broader sustainability goals.
“Famous for its chocolate, Hershey deserves to be known as an environmental champion as well,” said Oded J. Rhone, CEO, Edison Energy. “Hershey has followed the science, set ambitious goals to cut its carbon footprint, and is helping finance major new solar farms on two power grids with its clean energy purchases. This is what corporate stewardship looks like.”