Tate & Lyle, a supplier of food and beverage ingredients and solutions, has announced a set of new environmental targets and commitments. These targets are aligned to the delivery of Tate & Lyle’s purpose, Improving Lives for Generations, a key pillar of which is to care for the planet and protect its natural resources for the benefit of future generations.
Tate & Lyle’s new environmental targets are, by 2030, to deliver:
In adopting these targets, Tate & Lyle commits to the following:
To demonstrate its commitment to the new environmental targets, Tate & Lyle has linked the pricing of its $800 million revolving credit facility, extended in May 2020, to the delivery of its new Scope 1 and 2 CO2e emissions, beneficial waste, and water reduction targets.
“There has never been a greater need for businesses to address the climate change crisis. One of the key pillars of our purpose of Improving Lives for Generations is to care for our planet, and with our new environmental targets and commitments we are taking decisive action to protect our planet’s natural resources for the benefit of future generations,” said Nick Hampton, chief executive at Tate & Lyle, in a press release.