Major step toward climate targets: AGRANA is Austria’s first food producer with validated greenhouse gas reduction targets

EQS-Media / 13.09.2023 / 11:23 CET/CEST

Major step toward climate targets: AGRANA is Austria’s first food producer
with validated greenhouse gas reduction targets
 

AGRANA announces a major success related to sustainability: The
globally-renowned non-governmental organisation Science Based Targets
Initiative (SBTi) has concluded its audit of AGRANA Group’s ambitious
climate goals and officially confirmed that these are in line with the
1.5°C target defined by the Paris Climate Agreement. AGRANA submitted its
targets for reducing greenhouse gas emissions for validation purposes in
November 2022.

“We are delighted about the recognition of our climate targets and also
regard this as an affirmation of our comprehensive climate strategy. This
means that we are the first food producer in Austria to have validated
emission-reduction targets. On the basis of our science-based targets, we
will cut greenhouse gas emissions along the entire value chain (Scope
1+2+3) by more than 30 percent and emissions associated with our own
production activities (Scope 1+2) compared to 2019|20 by half by 2030|31.
In addition, we will also reduce our production-related emissions to net
zero by 2040 and those along the entire value chain to net zero by 2050”,
stresses Norbert Harringer, the board member responsible for raw
materials, operations and sustainability at AGRANA Beteiligungs-AG.

Besides ongoing efforts to improve energy efficiency and a comprehensive
green electricity package at all 55 sites around the world, the climate
strategy also includes exploiting the energy contained in protein-depleted
residual materials instead of natural gas from 2026|27. The volume of
investments in efforts to reduce Scope 1+2 emissions in the period to 2040
will, from today’s perspective, be around € 470 million.

The starting point for defining AGRANA’s climate targets was the
calculation of greenhouse gas emissions along the entire value chains
(Scope 1+2+3) of each of its three business segments, Fruit, Starch and
Sugar. Given its role as an energy-intensive processor of agricultural raw
materials, AGRANA is one of the first B2B companies in the sector to
accept the international challenge of estimating emissions associated with
the growing of agricultural produce despite the incomplete supplier data.

Emissions associated with AGRANA’s business operations amounted to around
5.1 million metric tons of CO[2e] in the base year 2019|20. Around 80% of
AGRANA’s greenhouse gas emissions originate from the upstream and
downstream value chain, with around 80% of these again attributable to the
cultivation of agricultural raw materials. In order to reduce these
emissions, AGRANA will be focussing on land use for agricultural
production and on the impacts of agricultural growing methods. The aim is
to collaborate with AGRANA’s suppliers and agricultural partners to
develop and implement specific climate-related reduction targets by 2030.

 

About SBTi

The Science Based Targets initiative (SBTi) is a collaboration between
CDP, the United Nations Global Compact, the World Resources Institute and
the World Wide Fund for Nature. SBTi unites companies which commit to
emission-reducing targets that are consistent with the Paris Climate
Agreement. Details can be found under [1] www.sciencebasedtargets.org.

About AGRANA

AGRANA converts agricultural raw materials into high-quality foods and
numerous industrial intermediate products. Around 9,000 employees at 55
production facilities worldwide generate annual Group revenue of
approximately € 3.6 billion. The Group was founded in 1988, is the global
leader in fruit preparations and also a major producer of fruit juice
concentrates in Europe in addition to being a key manufacturer of
customised potato, corn and wheat starch products as well as organic
ethanol in its Starch segment. AGRANA is one of the leading sugar
companies in Central and Eastern Europe. AGRANA joined the Science Based
Targets Initiative in July 2021.

For queries, please contact:

Markus Simak
Public Relations
+43 1 21137 12084
[2]markus.simak@agrana.com

Hannes Haider
Investor Relations
+43 1 21137 12905
[3]hannes.haider@agrana.com
 

 

This press release is available at [4] https://www.agrana.com/.

End of Media Release

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Issuer: AGRANA Beteiligungs-Aktiengesellschaft
Key word(s): Environment

13.09.2023 CET/CEST This Press Release was distributed by EQS Group AG.
www.eqs.com

══════════════════════════════════════════════════════════════════════════

Language: English
Company: AGRANA Beteiligungs-Aktiengesellschaft
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
Austria
Phone: +43-1-21137-0
Fax: +43-1-21137-12926
E-mail: investor.relations@agrana.com
Internet: www.agrana.com
ISIN: AT000AGRANA3
WKN: A2NB37
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
(Official Market)
EQS News ID: 1725311

 
End of News EQS Media

1725311  13.09.2023 CET/CEST

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