Themes explored in this section:
- Can aligning with certain global sustainability frameworks help inform science-based targets and how much importance your organization places on them?
- As we’re facing a time of economic uncertainty, what would you say to an organization that’s considering putting Scope 3 and climate change mitigation on the back burner?
- In the food and beverage space, even with a background or interest in sustainability, carbon accounting–specifically Scope 3 accounting and reporting–can seem overwhelming. What is your advice for getting started?
When it comes to climate mitigation strategy, inaction is a cost. It would be wise to continue forward with sustainability and carbon initiatives, even in times of economic uncertainty because in the end you’re going be paying for it. It’s better to be upfront, figure out the solution work collaboratively and put together a plan. Even if you don’t have the budget right away, at least put together the groundwork. What do you need to do and where can you make a difference?
One of the key things an organization can do to make sure sustainability is prioritized is to make sure ESG fits into the total corporate framework. Those components can play a significant part in prioritization. Some of the most important parts of our business will continue to be convenience, price, and freshness in delivering our customer proposition on a daily basis. But as the importance of health and sustainability rises–not only from the consumer mindset but also the regulatory frameworks that we’re seeing–this is long-term risk mitigation.