• 13.09.2023, 11:24:25
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  • EQS0006

Major step toward climate targets: AGRANA is Austria’s first food producer with validated greenhouse gas reduction targets

EQS-Media / 13.09.2023 / 11:23 CET/CEST

   Major step toward climate targets: AGRANA is Austria’s first food producer
   with validated greenhouse gas reduction targets
    

   AGRANA announces a major success related to sustainability: The
   globally-renowned non-governmental organisation Science Based Targets
   Initiative (SBTi) has concluded its audit of AGRANA Group’s ambitious
   climate goals and officially confirmed that these are in line with the
   1.5°C target defined by the Paris Climate Agreement. AGRANA submitted its
   targets for reducing greenhouse gas emissions for validation purposes in
   November 2022.

   “We are delighted about the recognition of our climate targets and also
   regard this as an affirmation of our comprehensive climate strategy. This
   means that we are the first food producer in Austria to have validated
   emission-reduction targets. On the basis of our science-based targets, we
   will cut greenhouse gas emissions along the entire value chain (Scope
   1+2+3) by more than 30 percent and emissions associated with our own
   production activities (Scope 1+2) compared to 2019|20 by half by 2030|31.
   In addition, we will also reduce our production-related emissions to net
   zero by 2040 and those along the entire value chain to net zero by 2050”,
   stresses Norbert Harringer, the board member responsible for raw
   materials, operations and sustainability at AGRANA Beteiligungs-AG.

   Besides ongoing efforts to improve energy efficiency and a comprehensive
   green electricity package at all 55 sites around the world, the climate
   strategy also includes exploiting the energy contained in protein-depleted
   residual materials instead of natural gas from 2026|27. The volume of
   investments in efforts to reduce Scope 1+2 emissions in the period to 2040
   will, from today’s perspective, be around € 470 million.

   The starting point for defining AGRANA’s climate targets was the
   calculation of greenhouse gas emissions along the entire value chains
   (Scope 1+2+3) of each of its three business segments, Fruit, Starch and
   Sugar. Given its role as an energy-intensive processor of agricultural raw
   materials, AGRANA is one of the first B2B companies in the sector to
   accept the international challenge of estimating emissions associated with
   the growing of agricultural produce despite the incomplete supplier data.

   Emissions associated with AGRANA’s business operations amounted to around
   5.1 million metric tons of CO[2e] in the base year 2019|20. Around 80% of
   AGRANA's greenhouse gas emissions originate from the upstream and
   downstream value chain, with around 80% of these again attributable to the
   cultivation of agricultural raw materials. In order to reduce these
   emissions, AGRANA will be focussing on land use for agricultural
   production and on the impacts of agricultural growing methods. The aim is
   to collaborate with AGRANA’s suppliers and agricultural partners to
   develop and implement specific climate-related reduction targets by 2030.

    

   About SBTi

   The Science Based Targets initiative (SBTi) is a collaboration between
   CDP, the United Nations Global Compact, the World Resources Institute and
   the World Wide Fund for Nature. SBTi unites companies which commit to
   emission-reducing targets that are consistent with the Paris Climate
   Agreement. Details can be found under [1]www.sciencebasedtargets.org.

   About AGRANA

   AGRANA converts agricultural raw materials into high-quality foods and
   numerous industrial intermediate products. Around 9,000 employees at 55
   production facilities worldwide generate annual Group revenue of
   approximately € 3.6 billion. The Group was founded in 1988, is the global
   leader in fruit preparations and also a major producer of fruit juice
   concentrates in Europe in addition to being a key manufacturer of
   customised potato, corn and wheat starch products as well as organic
   ethanol in its Starch segment. AGRANA is one of the leading sugar
   companies in Central and Eastern Europe. AGRANA joined the Science Based
   Targets Initiative in July 2021.

   For queries, please contact:

   Markus Simak
   Public Relations
   +43 1 21137 12084
   [2]markus.simak@agrana.com

   Hannes Haider
   Investor Relations
   +43 1 21137 12905
   [3]hannes.haider@agrana.com
    

    

   This press release is available at [4]https://www.agrana.com/.

   End of Media Release

   ══════════════════════════════════════════════════════════════════════════

   Issuer: AGRANA Beteiligungs-Aktiengesellschaft
   Key word(s): Environment

   13.09.2023 CET/CEST This Press Release was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     AGRANA Beteiligungs-Aktiengesellschaft
                F.-W.-Raiffeisen-Platz 1
                A-1020 Wien
                Austria
   Phone:       +43-1-21137-0
   Fax:         +43-1-21137-12926
   E-mail:      investor.relations@agrana.com
   Internet:    www.agrana.com
   ISIN:        AT000AGRANA3
   WKN:         A2NB37
   Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
                Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
                (Official Market)
   EQS News ID: 1725311


    
   End of News EQS Media


   1725311  13.09.2023 CET/CEST

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