Kerry

Kerry, an Ireland-based food products company, reported its total carbon emissions for 2024 as approximately 9.32 billion kg CO2e. This included Scope 1 emissions of about 433.6 million kg CO2e, Scope 2 market-based emissions of roughly 28.7 million kg CO2e, and Scope 3 emissions of approximately 8.86 billion kg CO2e.

Looking ahead to 2025, Kerry projects its total carbon emissions to be around 7.07 billion kg CO2e, with Scope 1 emissions estimated at 334.3 million kg CO2e, Scope 2 market-based emissions at 27 million kg CO2e, and Scope 3 emissions at 6.71 billion kg CO2e.

For 2023, Kerry's Scope 1 emissions were approximately 420 million kg CO2e, and its Scope 2 market-based emissions were around 50.27 million kg CO2e. Scope 3 emissions for the same year were reported as approximately 8.87 billion kg CO2e.

Kerry has set ambitious climate commitments. It aims to achieve net-zero greenhouse gas emissions across its value chain by 2049. In the near term, the company commits to reducing absolute Scope 1 and 2 GHG emissions by 55% by 2030, using a 2017 base year. This target is validated by the Science Based Targets initiative (SBTi) and aligns with limiting global temperature increase to 1.5°C. For Scope 3 emissions, Kerry commits to a 25% absolute reduction in non-Forest, Land and Agriculture (FLAG) emissions by 2030 from a 2022 base year, and a 30% reduction in absolute Scope 3 FLAG emissions by 2030 from a 2022 base year. Additionally, Kerry aims for a 30% reduction in Scope 3 emissions intensity per tonne of finished product by 2030, also from a 2017 base year.

The company has already made progress towards its goals, achieving a 48% reduction in Scope 1 and 2 emissions over its 2017 baseline by the end of 2022. Kerry Group PLC's targets are validated by the SBTi, affirming their consistency with a 1.5°C warming limit.