Hershey

Hershey's climate commitments include ambitious Science Based Targets initiative (SBTi) validated goals. The company aims for an absolute 50% reduction in Scope 1 and 2 greenhouse gas (GHG) emissions by 2030, against a 2018 baseline. Additionally, Hershey's commits to reducing absolute Scope 3 GHG emissions by 30% over the same timeframe. Hershey is also targeting a deforestation and conversion-free supply chain for cocoa, palm oil, pulp and paper (packaging), and direct soy by December 31, 2025.

In 2024, Hershey's reported total emissions of approximately 6.62 billion kg CO2e. This included Scope 1 emissions of about 191 million kg CO2e, market-based Scope 2 emissions of around 53 million kg CO2e, and Scope 3 emissions totalling approximately 6.38 billion kg CO2e. Key contributors to Scope 3 emissions were purchased goods and services (about 5.33 billion kg CO2e), and upstream and downstream transportation and distribution (approximately 321 million kg CO2e and 318 million kg CO2e, respectively).

Looking back, in 2023, the company's total emissions were approximately 7.50 billion kg CO2e, with Scope 1 at roughly 178 million kg CO2e, market-based Scope 2 at about 62 million kg CO2e, and Scope 3 at around 7.26 billion kg CO2e. In 2022, total emissions were approximately 6.19 billion kg CO2e, comprising around 179 million kg CO2e for Scope 1, about 69 million kg CO2e for market-based Scope 2, and roughly 5.94 billion kg CO2e for Scope 3.

Hershey's has demonstrated progress towards its targets, reporting a 43% reduction in its Scope 1 and 2 emissions against the 2018 baseline as of 2023, and is on track to achieve the 50% reduction goal by 2030.