Costa Group Holdings Limited is an Australian grower-packer-and-marketer of fresh fruit, vegetables and has released its 2021 Sustainability report.
The 2021 Sustainability Report provides key information on Costa’s actions in relation to their key Sustainable Commercial Farming Pillars of the Environment, Economic, People, and Community.
The report includes the following key points:
- 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 packaging and supply chain waste
- Key data on safety and health
- People are key data
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 is based on four key pillars: Environment, Economic, People, and Community. The Sustainability Report includes our progress in these areas. Mr Hallahan explained that they are important to not only our commercial performance, which includes addressing climate risks by using protected cropping and reducing greenhouse gas emissions, improving yield and productivity, and being an industry employers of choice, but also to the contribution we make to providing healthy, nutritious fresh produce to millions in the most sustainable manner possible.
Costa has set a quantitative target that we believe will help Costa to be long-term resilient and make a significant contribution to addressing climate change’s financial and environmental risks. This has led to a commitment to net-zero carbon emissions by 2020.
Costa plans to sign the Science Based Target Initiative (SBTi), and then work with SBTi to validate our emission reduction targets to meet the Paris Agreement’s 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 will target all forms of waste as part of our efforts to achieve meaningful, lasting reductions in the amount of waste we produce.
View the Sustainability Report 2021.
Source: costagroup.com.au
