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SBTi approves Suntory sustainability targets
Yamazaki producer Suntory Holdings has had its greenhouse gas emissions targets certified by the Science Based Targets initiative (SBTi).
The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature. It defines and promotes science-based target-setting, and independently assesses companies’ targets.
Suntory Beverage & Food, a subsidiary of Suntory Holdings, also had its greenhouse gas emissions reduction targets approved. This means the targets are consistent with the levels needed to meet the goals of the Paris Agreement, designed to keep global warming to 1.5°C.
The companies’ greenhouse gas emissions reduction targets are outlined in Suntory Group’s ‘Environmental Targets towards 2030’ plan.
Tomomi Fukumoto, chief operating officer of sustainability management at Suntory Holdings, said: “Science has proven that global warming is accelerating at an unprecedented pace and governments, businesses and societies must do more to reduce our environmental footprint.
“Having emissions reduction targets approved by the SBTi is just the beginning and we are committed to doing everything possible to achieve our targets and make a real impact, not only in our direct operations but across the entire value chain.”
Suntory Group updated its ‘Environmental Targets towards 2030’ strategy in April this year to cut greenhouse gas emissions by 50% from direct operations by 2030, and by 30% across its entire value chain.
To meet its 2030 greenhouse gas emissions reduction targets, Suntory Group will strive to achieve 100% renewable electricity across its 63 directly-owned production sites and research-and-development facilities in Japan, the Americas and Europe by 2022.
Furthermore, the group will begin introducing internal carbon pricing plans to invest around 100 billion JPY (around US$900 million) by 2030 to utilise low-carbon alternatives.
Earlier this month, House of Suntory revealed Yamazaki 55, its oldest whisky to date.