NewAge Industries, Inc. has announced its commitment to establish science-based greenhouse gas (GHG) emission reduction targets, signaling a significant step in the company's sustainability strategy. The manufacturer will submit near- and long-term company-wide emission reduction goals within two years, aligning with the Science Based Targets initiative (SBTi) guidelines.
The comprehensive commitment encompasses Scope 1, 2, and 3 GHG emissions, building upon the company's existing achievement of net-zero Scope 2 market-based emissions. CEO Mary Marcus emphasized the company's dedication to sustainability, stating the initiative represents the next phase of their environmental responsibility journey.
The Science Based Targets initiative, a collaborative effort involving the Carbon Disclosure Project, United Nations Global Compact, World Resources Institute, and World Wide Fund for Nature, will independently validate NewAge's proposed targets. This validation ensures the company's emission reduction goals meet rigorous scientific standards for climate action.
By committing to these targets, NewAge demonstrates its willingness to collaborate with suppliers and customers to reduce emissions across its entire value chain. The company's approach reflects a growing trend among manufacturers to take proactive steps in addressing climate change and reducing their environmental impact.
Once submitted and validated, NewAge's targets will provide a clear roadmap for reducing greenhouse gas emissions, potentially serving as a model for other companies in the manufacturing sector seeking to implement meaningful sustainability strategies.
