NewAge Industries, Inc. has taken a pivotal step in its sustainability efforts by committing to establish science-based greenhouse gas (GHG) emission reduction targets. This commitment aligns with the guidelines set by the Science Based Targets initiative (SBTi), showcasing the company's dedication to environmental responsibility. The initiative covers Scope 1, 2, and 3 GHG emissions, building on NewAge's previous achievement of net-zero Scope 2 market-based emissions.
CEO Mary Marcus highlighted the importance of this commitment, stating it represents the next phase in the company's journey towards sustainability. The SBTi, a collaboration among the Carbon Disclosure Project, United Nations Global Compact, World Resources Institute, and World Wide Fund for Nature, will independently validate NewAge's proposed targets. This validation process ensures that the company's goals meet the stringent scientific criteria necessary for effective climate action.
By setting these targets, NewAge Industries not only underscores its commitment to reducing its own emissions but also to working collaboratively with suppliers and customers to diminish emissions across its entire value chain. This approach is indicative of a broader trend among manufacturers who are increasingly taking proactive measures to combat climate change and minimize their environmental footprint.
Once submitted and validated, NewAge's emission reduction targets will serve as a clear blueprint for the company's sustainability efforts. These targets could also inspire other manufacturing firms to adopt similar science-based strategies, further amplifying the impact of such initiatives on global climate action. For more information on the Science Based Targets initiative, visit https://sciencebasedtargets.org.
