Princes pledges to reduce emissions by over 50% by 2032

Princes has announced a commitment to reduce its absolute Scope 1, 2 and 3 energy and industry greenhouse gas emissions by 50.4% by 2032.

This target will be using 2022 as its baseline and is a pivotal component of the company’s broader objective to achieve net zero emissions by 2050, a goal validated by the Science Based Targets initiative.

Princes also aims to transition to 100% renewable energy by 2030.

This newly announced target is complemented by its pledge to lower emissions from forestry, land and agriculture activities by 36.4% by 2032.

A part of its commitment to sustainability, Princes also aims to prevent deforestation across its primary commodity supply chains by 31 December 2025.

“With these ambitious targets, we are taking decisive action to combat climate change and ensure a sustainable future,” said David McDiarmid, corporate relations director at Princes. “Environmental, social and corporate governance is fundamental to our business, never seen as a project or undertaken for the sake of compliance, but because we know it’s the right thing to do.”

This builds on Princes’ other sustainability commitments from recent years, including its pledge to source 100% Marine Stewardship Council certified tuna by the end of 2025.