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OrganisationsHershey
Hershey logo

Hershey

Beverage ManufacturingUnited StatesNYSE: HSY
Last verified 22 days agothehersheycompany.com

The Hershey Company, commonly known as Hershey, is a leading player in the global beverages industry, headquartered in the United States. Founded in 1894 by Milton S. Hershey, the company has evolved from its origins in chocolate manufacturing to encompass a diverse range of beverage products, including cocoa and chocolate-flavoured drinks.

With a strong presence in North America and expanding operations in international markets, Hershey has established itself as a household name synonymous with quality and innovation. The company’s core offerings, such as Hershey's Chocolate Syrup and various cocoa products, are distinguished by their rich flavours and commitment to high-quality ingredients.

Hershey's notable achievements include its position as one of the largest chocolate manufacturers in the world, consistently ranking among the top brands in consumer preference. Through strategic growth and a focus on sustainability, Hershey continues to shape the future of the beverage industry.

67
DitchCarbon score

+36 vs industry average

Hershey’s score of 67 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Medium

Beverage Manufacturing has typical carbon intensity

Industry performance

0.374
20182025

The Beverage Manufacturing industry has reduced its overall emissions by 34% since 2018

Emissions trajectory 2020 – 2028

0.0B0.0B0.0B0.0B0

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202020212022202320242025202620272028

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Hershey's reported carbon emissions

Hershey's latest reported emissions data indicates a total of approximately 6.62 billion kg CO2e for the year 2024. This figure comprises Scope 1 emissions of about 190.98 million kg CO2e, Scope 2 emissions (market-based) of approximately 53 million kg CO2e, and Scope 3 emissions totalling around 6.38 billion kg CO2e. The company's primary reporting region for emissions is GLOBAL.

In 2023, Hershey reported total emissions of approximately 7.50 billion kg CO2e, with Scope 1 emissions at about 178 million kg CO2e, Scope 2 market-based emissions around 61.59 million kg CO2e, and Scope 3 emissions totalling approximately 7.26 billion kg CO2e.

Hershey has established science-based targets (SBTs) to address its climate impact. The company commits to a 50% absolute reduction in Scope 1 and 2 greenhouse gas (GHG) emissions by 2030, using a 2018 baseline. Additionally, Hershey aims for a 25% to 30% absolute reduction in Scope 3 GHG emissions within the same timeframe. Some sources also indicate a commitment to achieve a deforestation and conversion-free supply chain for key commodities by 2025. The company is actively working towards these goals, with recent reports suggesting it is on track for its Scope 2 reduction targets.

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Hershey’s Climate Goals (2030 & 2050)

2 goals

2025

We are targeting a deforestation and conversion-free supply…

We are targeting a deforestation and conversion-free supply chain for the cocoa, palm oil, pulp and paper (packaging), and direct soy we sou…

Behind target0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

See all 2 climate goals

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Scope 3 top emissions categories

9 of 15 categories disclosed
Purchased Goods & Services84%
Upstream Transportation & Distribution5%
Downstream Transportation & Distribution5%
Capital Goods2%
Fuel & Energy Activities2%
End-of-Life Treatment1%
Waste Generated in Operations0%
Employee Commuting0%
Purchased Goods & Services84%
Upstream Transportation & Distribution5%
Downstream Transportation & Distribution5%
Capital Goods2%
Fuel & Energy Activities2%
End-of-Life Treatment1%
Waste Generated in Operations0%
Employee Commuting0%

See all scope 3 categories

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Hershey logoHershey
USBeverage Manufacturing
22 days ago
67
Nestle logoNestle
CHResearch Services
4 days ago
100
View
Unilever logoUnilever
GBRetail Trade Services
7 days ago
100
View
Danone logoDanone
FRDairy Processing
3 days ago
98
View
Mars logoMars
USIce Cream and Frozen Dessert Manufacturing
5 hours ago
86
View
General Mills logoGeneral Mills
USAll Other Miscellaneous Food Manufacturing
3 days ago
83
View
Mondelez International logoMondelez International
USFood Product Manufacturing
8 days ago
76
View

Frequently asked questions

Common questions about Hershey’s sustainability data and climate commitments

Hershey's estimated total carbon emissions for 2024 are approximately 6.62 billion kg CO₂e. This figure includes Scope 1 emissions of about 191 million kg CO₂e, Scope 2 market-based emissions around 53 million kg CO₂e, and Scope 3 emissions close to 6.38 billion kg CO₂e. These numbers reflect Hershey's global operations and demonstrate the company's significant environmental footprint within the Beverages industry. Monitoring these emissions helps stakeholders understand Hershey's climate impact and progress toward its sustainability goals.

Data year: 2024

Usage policy

You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.

See our License Agreement for more details.

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