Diageo 2030 Greenhouse Gas Emission Targets Validated By Science Based Targets Initiative (SBTi)

Rhea-AI Summary

Diageo has received approval from the Science Based Targets initiative (SBTi) for its 2030 Greenhouse Gas (GHG) emission targets, aligning with the 1.5°C pathway. The company aims for net zero in direct operations (Scope 1 and 2) and a 50% reduction in Scope 3 emissions by 2030, utilizing a FY2020 baseline. Additionally, Diageo plans to source 100% renewable electricity by 2030. These initiatives are part of its 'Society 2030: Spirit of Progress' plan, which sets ambitious sustainability goals in line with the UN Sustainable Development Goals.

Positive

• Approval of 2030 GHG emission targets by SBTi, aligning with 1.5°C pathway.
• Commitment to achieve net zero in Scope 1 and 2 emissions by 2030.
• 50% reduction in Scope 3 emissions by 2030 from FY2020 baseline.
• Increase in renewable electricity sourcing from 66% in FY2020 to 100% by 2030.

Negative

• None.

LONDON, Sept. 9, 2021 /PRNewswire/ -- Diageo, maker of Johnnie Walker, Smirnoff and Guinness has had its 2030 Greenhouse Gas (GHG) emission targets approved by the Science Based Targets initiative (SBTi) as meeting the criteria for the 1.5^oC pathway.

Building on a long track-record of ESG progress globally, Diageo is now in the top 1000 companies in the world taking action to address climate change in a data-led and systemic way. Its goal to achieve net zero in direct operations by 2030 (Scope 1 and 2 emissions), and a 50% emission reduction in scope 3, have been calculated in accordance with the principles of Science Based Targets initiative and have been validated.

Dr Kirstie McIntyre, Global Sustainability Director, Diageo PLC, said: "We are passionate about protecting the future of the planet. This demonstrates that our carbon targets are going much further than the required minimum in this critical decade of action to 2030."

The Science Based Targets initiative defines and promotes best practice in science-based target setting and independently assesses and approves companies' targets. It is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

Diageo has committed to reducing absolute scope 1 and 2 GHG emissions 100% by FY2030 from a FY2020 base year^[1]. Diageo has also committed to reducing absolute scope 3 GHG emissions 50% within the same time frame. In addition to this, Diageo commits to increase annual sourcing of renewable electricity from 66% in FY2020 to 100% by FY2030.

In November 2020, Diageo announced a range of 25 bold and ambitious goals in its 'Society 2030: Spirit of Progress' plan. Diageo is focusing its action in three core areas, carefully selected to align with the United Nations Sustainable Development Goals (SDGs): promoting positive drinking; championing inclusion and diversity; and pioneering grain-to-glass sustainability.

Notes to Editors:

• For more information on Science Based Targets initiative visit: www.sciencebasedtargets.org
• For more information on Diageo's "Society 2030: Spirit of Progress" plan visit: www.diageo.com

For further information please contact: Diageo Press Office: press@diageo.com; Tel: 07803 856200.

About Diageo

Diageo is a global leader in beverage alcohol with an outstanding collection of brands across spirits, beer and wine categories. These brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.

Diageo is a global company, and our products are sold in more than 180 countries around the world.  The company is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO).  For more information about Diageo, our people, our brands, and performance, visit us at www.diageo.com.  Visit Diageo's global responsible drinking resource, www.DRINKiQ.com, for information, initiatives, and ways to share best practice.

Celebrating life, every day, everywhere.

^[1] The target boundary includes biogenic emissions and removals from bio energy feed stocks. 

 

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SOURCE Diageo

FAQ

What are Diageo's 2030 GHG emission targets approved by SBTi?

Diageo's 2030 GHG emission targets aim for net zero in direct operations (Scope 1 and 2) and a 50% reduction in Scope 3 emissions.

What is the timeline for Diageo's GHG emissions reduction goals?

Diageo aims to achieve its GHG emissions reduction goals by FY2030.

What is the base year for Diageo's emissions reduction targets?

Diageo uses FY2020 as the base year for its emissions reduction targets.

What percentage of renewable electricity does Diageo plan to source by 2030?

Diageo plans to source 100% of its electricity from renewable sources by 2030.

How does Diageo's sustainability plan align with global initiatives?

Diageo's sustainability plan aligns with the United Nations Sustainable Development Goals (SDGs) and includes a range of ambitious targets.