Climate Change Data

Kerry Group plc

Climate Impact & Sustainability Data (2020, 2021)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Sustainability

Climate Goals & Targets

Environmental Challenges

  • COVID-19 pandemic impact on business performance, particularly in the foodservice channel.
  • Changes in consumer purchasing and consumption behaviors.
  • Increased demand for health and immunity enhancement, plant protein options, and sustainable products.
Mitigation Strategies
  • Proactive business model supporting foodservice customers in adapting operations and menus.
  • Cost mitigation actions.
  • Launch of 2030 sustainability strategy - Beyond the Horizon.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Plant-based offerings
  • Health and wellness products
  • Sustainable nutrition solutions

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:9,652,562 tCO2e/year (Scope 3)
Scope 1 Emissions:416,355 tCO2e/year
Scope 2 Emissions:120,015 tCO2e/year
Scope 3 Emissions:9,652,562 tCO2e/year
Renewable Energy Share:65%
Total Energy Consumption:3,033,833 MWh/year
Water Consumption:20,885 m3/year
Waste Generated:446,786 tons/year
Carbon Intensity:0.16 tCO2e/tonne (Scope 1 & 2)

ESG Focus Areas

  • Climate Change
  • Biodiversity
  • Sustainable Nutrition
  • Diversity & Inclusion
  • Responsible Sourcing
  • Waste Reduction
  • Employee Wellbeing
  • Business Ethics

Environmental Achievements

  • 39% reduction in Scope 1 & 2 GHG emissions since 2017
  • 94% waste diverted from landfill
  • 19% reduction in food waste since 2017
  • 65% of electricity from renewables

Social Achievements

  • 1.1 billion consumers reached with positive and balanced nutrition solutions
  • 8% year-on-year reduction in health and safety incidents
  • 36% women in senior management
  • Joined the Partnership for Global LGBTI Equality (PGLE)

Governance Achievements

  • Sustainability metrics included in executive remuneration policy
  • Issued first sustainability-linked bond

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions before 2050
Medium-term Goals:
  • 55% reduction in Scope 1 & 2 emissions by 2030
  • 30% reduction in Scope 3 emissions intensity by 2030
  • 50% reduction in food waste by 2030
  • 100% responsible sourcing of priority raw materials by 2030
  • 35% women in senior leadership roles by 2025
  • Gender balance in all senior management roles by 2030
Short-term Goals:
  • 15% improvement in water efficiency by 2025
  • 100% renewable electricity by 2022
  • All plastic packaging reusable, recyclable, or compostable by 2025

Environmental Challenges

  • Supply chain disruptions due to logistical and labor constraints
  • Climate change impacts on operations and supply chains
  • Biodiversity loss
  • Water scarcity in some regions
Mitigation Strategies
  • Risk assessment and mitigation strategies for climate-related risks
  • Responsible sourcing strategy for priority raw materials
  • Water stewardship initiatives
  • Waste reduction and circular economy programs
  • Investment in new facilities and technologies
  • Collaboration with suppliers and industry stakeholders

Supply Chain Management

Supplier Audits: 1,100 physical audits in 2021

Responsible Procurement
  • Supplier Code of Conduct
  • Supplier Requirements Manual
  • Risk assessment of supply chains
  • 100% responsible sourcing of priority raw materials by 2030
  • SEDEX membership and supplier engagement

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Changes to precipitation patterns
Transition Risks
  • Regulatory changes
  • Market shifts
  • Changing consumer demand
Opportunities
  • Development of energy-efficient products
  • Sustainable innovation

Reporting Standards

Frameworks Used: GRI Standards: Core option, TCFD

Certifications: ISO 14001 (66% of sites)

Third-party Assurance: Jacobs UK Ltd (Scope 1 & 2 GHG, waste, water, health & safety, renewable electricity); Carbon Trust (Scope 3 emissions)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Tastesense™ sweet technology
  • Low-carbon proteins

Awards & Recognition

  • Not disclosed