NewAge Industries, Inc. has taken a decisive step forward in its sustainability efforts by committing to establish science-based greenhouse gas (GHG) emission reduction targets. This initiative aligns with the Science Based Targets initiative (SBTi) guidelines, showcasing the company's dedication to environmental responsibility. The commitment includes setting near- and long-term company-wide emission reduction goals within two years, covering Scope 1, 2, and 3 GHG emissions. This move builds on NewAge's achievement of net-zero Scope 2 market-based emissions, highlighting its ongoing commitment to reducing its environmental footprint.
CEO Mary Marcus underscored the importance of this initiative as the next phase in the company's sustainability journey. The SBTi, a collaboration among leading environmental organizations, will independently validate NewAge's targets to ensure they meet stringent scientific criteria for effective climate action. This validation process is crucial for maintaining the integrity and effectiveness of the company's emission reduction strategies.
By adopting science-based targets, NewAge Industries not only reinforces its commitment to sustainability but also sets a precedent for the manufacturing sector. The company's approach involves working closely with suppliers and customers to reduce emissions across the entire value chain, reflecting a comprehensive and collaborative strategy to address climate change. Once validated, these targets will provide a clear and actionable roadmap for GHG emission reductions, potentially inspiring other companies to follow suit in implementing impactful sustainability measures.
