IFCO has developed a comprehensive roadmap with multiple levers that will address our most material emissions in order to reach our near-term science based targets as well as our ambition to become a Net Zero business in 2040.
We have made bold commitments to become even more sustainable, as outlined in our Environmental, Social and Governance (ESG) 2025 strategy. However, we are also looking even further ahead. By 2040, we want to fully decarbonize our operations and become a Net Zero business.
Our report provides an overview of the concrete steps we will be taking to drive us forward to reach that ambitious goal. We identify and commit to win-win solutions to reduce or avoid greenhouse gas emissions across our operations in the coming months and years. Welcome to the IFCO roadmap to Net Zero.
IFCO 2031 near-term science-based targets
Deep. Rapid. Sustained. These three words stand out in the 2023 Sixth Assessment Report from the IPCC, the Intergovernmental Panel on Climate Change. As the report highlights, it’s imperative to make "deep, rapid and sustained" greenhouse gas (GHG) reductions to limit global warming to 1.5°C above pre-industrial levels, and this needs to happen across all industries and regions.
At IFCO, we embrace this challenge. By defining a decarbonization roadmap toward becoming a Net Zero business by 2040, we have accelerated our efforts to reduce absolute GHG emissions.
IFCO commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by FY2031 from a FY2021 base year. IFCO also commits to reduce absolute scope 3 greenhouse gas (GHG) emissions from purchased goods and services and upstream transportation and distribution 17% within the same timeframe.
It will take innovative partnerships and collaboration along every step of the global fresh grocery supply chain to achieve our decarbonization goals.