Costa Group Holdings Limited, an Australian grower, packer, and marketer fresh fruits and vegetables, has released their 2021 Sustainability Report.
The 2021 Sustainability report provides key data about Costa’s actions within their key Sustainable Commercial Farming pillars, Economic, People, and Community.
The report contains the following key highlights:
- Engagement to achieve net zero carbon emissions in 2050
- Further reporting under TCFD framework identification short, medium, and long term climate related risk and opportunities
- Reported metrics: greenhouse gas emissions and energy consumption, total electricity produced, water use per category, total water used, kgs of produce per ML of water.
- Update on water efficiency projects and renewable energy projects
- Initiatives to reduce waste in the supply chain and packaging
- Key data on safety and health
- Key data for people
Sean Hallahan, Costa CEO, and Managing Director, said that Sustainable Commercial Farming was an integral part of Costa’s business model. He also stated that it helped us deliver on our growth strategy as well as produce superior returns for our shareholders.
Our approach focuses on the four pillars of Environment, Economic, People, and Community. Our Sustainability Report tracks our progress in these areas. It recognizes their importance to our commercial performance by addressing climate risk through protected cropping, reducing emissions, improving yield, production efficiency, and being an industry employer choice. But it also highlights the contribution we make in providing fresh, healthy produce to millions of people in the most sustainable way, Mr Hallahan stated.
Costa sought to establish a quantitative goal that we believe will provide long-term commercial resilience and help Costa make a meaningful contribution in addressing the financial and environmental risks of climate change. This has led to a commitment to net-zero carbon emissions by 2020.
Costa will pledge to the Science Based Target Initiative, (SBTi), to help us reach this goal. We will then work with SBTi in order to validate our emission reduction targets and reach the Paris Agreement goals.
In 2022, work will be done to quantify the major waste streams in order to set waste reduction targets that will start in 2023. Costa targets all types of waste in its efforts to reduce the amount of waste it produces.
View the Sustainability Report 2021.
Source: costagroup.com.au