How is Tate & Lyle Achieving Net Zero Goals Years Early?
November 25, 2024
Tate & Lyle, one of the world’s oldest food and drinks manufacturers, has its eyes set firmly on the future. The London-based firm has announced its plans to achieve its biggest sustainability targets five years early, sourcing 100% of its purchased electricity by the year 2025.
The fact that this goal (originally set for 2030) is set to be achieved in such good time sends a message to the rest of the industry.
Tate & Lyle’s multi-faceted approach to renewable energy
So, how exactly has Tate & Lyle done it? The key to this success story is a multi-faceted approach to energy sourcing.
The company’s corporate strategy includes installing renewable electricity infrastructure at its facilities, entering into long-term renewable electricity agreements with providers and procuring renewable energy credits (RECs) to cover remaining requirements.
Nick Hampton, CEO of Tate & Lyle, is directing operations with an urgent focus on climate change. “Climate change is the biggest threat to the world’s long-term future and so it’s vital that companies accelerate the transition to renewable energy,” he says.
“I am proud that Tate & Lyle has now delivered on its commitment to procure 100% of the electricity used by its operations around the world from renewable sources, representing a critical milestone in the decarbonisation of our business.”
Search
RECENT PRESS RELEASES
Related Post