We are pleased to announce that the Science Based Targets initiative (SBTi) has validated Finlays’ near and long-term science-based emissions reductions targets, including its net-zero science-based target by 2040. This ensures Finlays’ emission reduction targets are in line with limiting global warming to 1.5°, helping prevent the worst impacts of climate change.
Finlays is becoming one of just 30 companies from the Food and Beverages processing sector to have a validated net-zero target (including Forestry, Land and Agriculture target). You can find details of Finlays target on the SBTi website.
The SBTi is a corporate climate action organization that enables companies and financial institutions worldwide to play their part in combating the climate crisis. It develops standards, tools and guidance which allow companies to set greenhouse gas (GHG) emissions reductions targets in line with what is needed to keep global heating below catastrophic levels and reach net-zero by 2050 at latest.
Setting a clear, measurable goal to reduce emissions is Finlays’ commitment to having a positive impact on the environment. Receiving validation of its net-zero targets from SBTi is a critical step on Finlays’ journey to achieving net-zero by 2040. By aligning with the SBTi’s standards, Finlays has defined the broad magnitude of its climate impact across its business and developed an effective strategy to address its most material impacts.
Amélie Rey-Giraud, Climate Change Manager at Finlays says, “We are delighted that our near and long-term targets have been validated by the SBTi. This demonstrates to the wider world how urgently and robustly Finlays is addressing the issue of climate change.”
Finlays’ Group Managing Director, James Woodrow says, “Climate instability is an existential threat to our industry. The material impacts of climate change are becoming ever more critical, and if we don’t act now, supply shortages, poor quality, and price volatility will threaten the overall prosperity of our industry. That’s why I’m proud of Finlays strong and measurable commitment to net-zero.”
‘Climate Net Zero’ is one of three pillars of Finlays’ Sustainable Future 2030 sustainability strategy which launched in 2023 with the aim of taking action today for the beverages of tomorrow. The other pillars are ‘Our People’ which focuses on advancing human rights to empower all, and ‘Sustainable Supply’ which focuses on building trusted relationships for Stronger Supply Chains.
About Finlays
Finlays is a leading global B2B supplier of tea, coffee and extract ingredients and solutions. With operations across four continents, Finlays serves as a trusted supplier of tea, coffee and extract ingredients and solutions to brand owners, retailers and foodservice operators around the world
About Sustainable Future 2030
Sustainable Future 2030 is Finlays’ sustainability strategy that is all about “taking action today for the beverages of tomorrow”. It focuses on three core areas of Climate Net Zero, Sustainable Supply and Our People.
For more information visit https://www.finlays.net/about-us/sustainability/
