Kerry Logo

  • KYGa.I (ISE)
    View LSE

    13/12/2019 16:30 GMT
  • € 112.90
  • -0.20
    -0.18%
  • Day High 113.80Day Low 112.20

Climate

Like many organisations, Kerry is conscious of the potential impact climate change will have on people and the planet, and we continue to examine how we can manage the risks and opportunities that this presents for our business. 

Carbon emissions are a key contributor to climate change and Kerry has an ongoing focus on managing and reducing its carbon footprint. 

We use an independent third party, Jacobs, to provide assurance on our carbon measurement and performance. They have provided assurance in accordance with the AA1000 Assurance Standard (2008). 

As a Group, we have targeted a 13% reduction in CO2 per unit of output across our operations between 2015 and 2020, compared to baseline year of 2013. This builds on a 13.4% reduction achieved between 2011 and 2014.

By year end 2018, we had realised a carbon saving of 16.4%, ahead of our 2018 target and placing us in a strong position to significantly exceed our 2020 goal.

Carbon2013 Base Year2020 Target2018 Target2018 Performance
CO2 per Tonne* 310.86kg 270.45kg 287.59kg 259.94kg
% Change -13% -7.5% -16.4%

*Novem Adjusted

Novem Adjustment

Kerry Group’s actual performance has been adjusted to reflect like-for-like performance to our baseline year. We use the Novem Methodology for carbon reporting to adjust our baseline target reduction number in order to account for changes to product mix that have had a material effect on carbon intensity. The Novem Methodology predicts what the absolute GHG emissions for the production of a group of products would be if the base year emissions per tonne were applied to today’s production levels and product mix. This allows a meaningful comparison between two production periods based on improvements in the emissions per tonne for each product group. The Novem procedure applies only where targets are relative and Kerry Group measures GHG emissions on a CO2 per tonne output basis.