Climate

We recognize the importance of reducing our impact on, and adapting to, climate change.

In FY2020, we pledged to accelerate our global climate performance and announced clear targets and a formal commitment to make significant and sustainable progress by 2025.

More specifically, we committed to: 

In FY24, we continued the implementation of renewable energy initiatives and capital projects to drive energy and carbon savings across our network.

Some key projects include:

• We entered into a 15-year virtual power purchase agreement (VPPA) with Capital Power, a North American power producer. The agreement pertains to a Canadian based wind facility (Halkirk 2 Wind) under construction. Subject to final regulatory approvals and once operational, the portion of wind facility contracted by Saputo will generate 206,300 MWh of renewable electricity per year for Saputo, reducing our CO₂ emissions by more than 140,000 tonnes – equivalent to taking more than 30,000 cars off the road.
• We completed 13 additional energy-saving projects such as heat recovery systems, steam accumulators, and updated boiler controls. On an annual basis, we expect these projects will be saving over 258,000 GJ of energy and more than 20,000 tonnes of CO₂e.

In FY24, our carbon intensity decreased by 5% compared to FY23 and 18% compared to our FY20 baseline as our renewable electricity initiatives continued to impact our global footprint. This puts us well on track to achieve our FY25 target.