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:
- Reducing the CO2 intensity of our operations by 20%.
- Reducing the energy intensity of our operations by 10%.
In FY23, we completed the allocation of our three-year CDN$50 million investment to complete climate-specific projects across our network and pursued opportunities to source renewable electricity.
Some key projects include:
- Our Dairy Division (Australia) continued to ramp up its large-scale renewable power purchasing agreement which we expect will enable 46% of our electricity consumption in Australia to be offset with renewable energy by 2025—saving 61,000 tonnes of CO2e annually, which represents a 5% reduction in our global CO2 footprint by FY25 compared to our FY20 baseline.
- We completed 11 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 125,000 GJ of energy and more than 6,100 tonnes of CO2e.
In FY23, our carbon intensity decreased by 6% compared to FY22 and 13% compared to our FY20 baseline as these initiatives continued to impact our global footprint.
As we progress on this ongoing journey, we continue to align our climate-related disclosure with the TCFD recommendations, and are proud to maintain our B score by CDP. To learn more about our GHG emissions and climate disclosure, click here.