Del Monte Foods

Del Monte Foods, headquartered in the US and operating within the food products nec industry, has established significant climate commitments, including a pledge for net-zero emissions by 2050.

Carbon Emissions:

• 2025: Total emissions were approximately 642.7 million kg CO2e, comprising Scope 1 emissions of about 191.6 million kg CO2e, Scope 2 emissions of approximately 55.8 million kg CO2e, and Scope 3 emissions of around 385 million kg CO2e.
• 2024: Total emissions reached approximately 1.1 billion kg CO2e, with Scope 1 at about 114.9 million kg CO2e, Scope 2 at approximately 53.2 million kg CO2e, and Scope 3 at around 886.2 million kg CO2e.
• 2023: Total emissions were approximately 2.0 billion kg CO2e, consisting of Scope 1 emissions of about 55.2 million kg CO2e, Scope 2 emissions of approximately 26.9 million kg CO2e, and a substantial Scope 3 contribution of roughly 1.8 billion kg CO2e.
• 2022: Total emissions were approximately 1.4 billion kg CO2e, with Scope 1 at about 117.8 million kg CO2e and Scope 2 at approximately 25.9 million kg CO2e. Scope 3 emissions for this year were detailed across several categories, with purchased goods and services contributing the most at approximately 1.07 billion kg CO2e, followed by use of sold products at about 385 million kg CO2e, and downstream transportation and distribution at approximately 183.4 million kg CO2e.
• 2021: Total emissions were approximately 1.1 billion kg CO2e, with Scope 1 at about 118 million kg CO2e and Scope 2 at approximately 28.5 million kg CO2e. Scope 3 emissions were substantial, with purchased goods and services contributing around 603 million kg CO2e, and use of sold products at approximately 474.2 million kg CO2e.

Climate Commitments and Targets:

Del Monte Foods has committed to achieving net-zero greenhouse gas emissions across its value chain by FY2050, aligning with the Science Based Targets initiative's (SBTi) Net-Zero Standard. This commitment is supported by aggressive plans to reduce or eliminate emissions internally rather than relying on external carbon credits.

Key Reduction Targets:

• Near-term (by FY2030):
  • A reduction of 42% in absolute Scope 1 and 2 greenhouse gas (GHG) emissions from a FY2021 base year.
  • A reduction of 25% in absolute Scope 3 GHG emissions from a FY2021 base year.
  • A reduction of 30.3% in absolute Scope 3 Forest, Land, and Agriculture (FLAG) GHG emissions by FY2030, with a commitment to maintaining no deforestation for primary deforestation-linked commodities.
• Long-term (by FY2050):
  • A reduction of 90% in absolute Scope 1 and 2 GHG emissions from a FY2021 base year.
  • A reduction of 90% in absolute Scope 3 GHG emissions from a FY2021 base year.
  • A reduction of 72% in absolute Scope 3 FLAG GHG emissions by FY2050.

The company has implemented several strategies to achieve these goals, including streamlining operations to eliminate unnecessary emissions, doubling capital investment in production for efficiency improvements, optimising transportation logistics, and upcycling food waste, evidenced by their Blue Lake® products being Upcycled Certified.

Data Source:

The emissions data and reduction targets are cascaded from the ultimate parent organisation, Del Monte Foods, Inc. (S&P Global number ID 6779).