Tate & Lyle greenhouse gas reduction goals approved as science-based targets

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17 September 2020, London, UK: Tate & Lyle PLC (Tate & Lyle), a leading global provider of food and beverage solutions and ingredients, is delighted to announce that its greenhouse gas emission reduction targets for 2030 have been approved by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the climate action goals of the Paris Agreement.

Announced in May 2020, Tate & Lyle’s commitment to a 30% absolute reduction in Scope 1 and Scope 2 greenhouse gas emissions by 2030 is in line with the Paris Agreement’s central aim to keep a global temperature rise this century well below 2°C. The company’s commitment to reduce emissions from the value chain (Scope 3) by 15% over the same period meets the SBTi’s criteria for ambitious value chain goals.

Tate & Lyle is one of only around 65 food and beverage operators globally to have its environmental commitments approved by SBTi, a collaboration between CDP, the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature.

Nick Hampton, Tate & Lyle CEO, said: “At Tate & Lyle, we are passionate about making our contribution to lowering greenhouse gas emissions and minimising the worst effects of climate change. That's why, inspired by our purpose Improving Lives for Generations, we have set ourselves ambitious environmental targets that are aligned to what the latest climate science is telling us we need to do. We are committed to working actively across our supply chain to help improve our environment and shape a better world.”

Sara Leeman, Environment Lead at Tate & Lyle, added: “To make the necessary reductions in greenhouse gas emissions, manufacturers like us must look beyond our factory gates to our value chain and commit to collaboration. With the approval of our science-based targets, we are delighted to have a unifying framework enabling our employees, suppliers and customers to work together to achieve shared sustainability goals backed by climate science.”

Environmental science-based targets

ENDS


Notes to editors

  • Tate & Lyle’s environmental commitments are set out here.

  • Tate & Lyle’s approved science-based target wording:
    Tate & Lyle PLC commits to reduce absolute scope 1 and 2 GHG emissions 30% by 2030 from a 2019 base year.* Tate & Lyle PLC also commits to reduce absolute scope 3 GHG emissions 15% over the same target period.

    *The target boundary includes biogenic emissions and removals from bioenergy feedstocks.

  • On 12 December 2015 in Paris, parties to the United Nations Framework Convention on Climate Change reached a landmark agreement to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future. The Paris Agreement central aim is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius. More information here.

  • More information on the Science Based Targets initiative here.

For more information contact:

Anna Taylor
Corporate PR Manager
[email protected]
+44(0)7766361515

About Tate & Lyle: 
Tate & Lyle is a global provider of solutions and ingredients for food, beverage and industrial markets.

Tate & Lyle operates through two global divisions, Food & Beverage Solutions and Primary Products, supported by the Innovation and Commercial Development and Global Operations teams. Food & Beverage Solutions is focused on growth by building leading positions globally in the categories of beverages, dairy, and soups, sauces and dressings. Primary Products is focused on delivering steady earnings and generating cash.

Food & Beverage Solutions consists of: Texturants, including speciality starches; Sweeteners, including low- and no-calorie sweeteners; and a Health and Wellness portfolio comprising mainly speciality fibres; and Stabilisers and Functional Systems, which are bespoke ingredient blends that ensure foods retain their structure.

Primary Products consists of high-volume sweeteners, industrial starches and fermentation products (primarily acidulants).  It also sells co-products from the corn milling process as animal nutrition.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2020, Tate & Lyle sales totalled £2.9 billion. For more information, please visit http://www.tateandlyle.com or follow Tate & Lyle on Twitter or Linkedin.