Tate & Lyle named as one of Europe's Climate Leaders 2024

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Tate & Lyle included in FT/Statista Europe Climate Leaders List 2024

LONDON, UNITED KINGDOM, (16 May 2024): Tate & Lyle PLC, a world leader in ingredient solutions for healthier food and beverages, is pleased to be recognised as one of Europe's Climate Leaders by the Financial Times in a report published today reflecting the significant actions the Company is taking to tackle the impacts of climate change.

The report is compiled by the Financial Times in partnership with data provider Statista. It sets out the 600 European companies that have demonstrated the most substantial reduction in their Scope 1 and 2 greenhouse gas (GHG) emissions intensity* over a five-year period (2017-22), as well as taking into account collaboration with organisations such as the Science Based Targets Initiative and CDP.

Nick Hampton, Chief Executive, Tate & Lyle said: “We are proud to be named as a European Climate Leader and to be recognised for the actions we are taking to accelerate the decarbonisation of our business and supply chain.  Our recently announced new science-based targets deliver greater and faster GHG emissions reduction and are a clear demonstration of our commitment to care for our planet and its natural resources for the benefit of future generations.”

For more information on Tate & Lyle’s approach to climate action and its performance, visit https://www.tateandlyle.com/purpose.

* intensity is defined as tonnes of emissions or CO2 equivalent for €1 million of revenue 

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Notes to editors:

The FT Europe's Climate Leaders Special Report can be found here https://www.ft.com/reports/europe-climate-leaders 

Tate & Lyle has committed to the following near-term GHG emissions reduction targets: 

Energy and Industrial    

  • Reduce absolute Scope 1 and 2 GHG emissions by 38% by 2028 from a 2019 base year.1 
  • Reduce absolute Scope 3 GHG emissions by 38% by 2028 from a 2019 base year. 

Forests, Land and Agriculture (FLAG)

  • Reduce absolute Scope 3 FLAG GHG emissions by 23% by 2028 from a 2019 base year.2 
  • Commitment to no deforestation across our primary deforestation-linked commodities by 31 December 2025.

 

1 - The target boundary includes land-related emissions and removals from bioenergy feedstocks.

2 - The target includes Forests Land and Agriculture (FLAG) emissions and removals. 

 

Earlier this month, the Science Based Targets initiative (SBTi) validated Tate & Lyle’s new 2028 greenhouse gas emissions reduction targets in line with a 1.5°C trajectory.

 

For more information, please contact:

[email protected]

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About Tate & Lyle: 
Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, fortification, and texture, we develop ingredient solutions which reduce sugar, calories, and fat, add fibre and protein, and provide texture and stability in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings.

We have more than 3,300 employees working in around 58 locations in 39 countries, serving customers across 121 countries. Science, Solutions, Society is our brand promise and how we will achieve our purpose of Transforming Lives Through the Science of Food. By living our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

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 2024, Tate & Lyle revenue from continuing operations totalled £1.65 billion. For more information, please visit https://www.tateandlyle.com or follow Tate & Lyle on LinkedinX (Twitter)Facebook or YouTube

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Our purpose

Our purpose of Transforming Lives Through the Science of Food guides every action we take and every decision we make. Learn about the three pillars of our purpose.

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