Greenhouse gas (GHG) emissions are one of the major causes of rising global warming, and companies from the FMCG sector account for a significant amount of the global emissions. CO2, Methane & NOx gases form a major part of greenhouse gases released from Fossil Fuels such as gas and oil. Due to rising GHG emissions from companies, it became important among major contributing sectors to report gas emissions during their operations.
Companies from the FMCG sector are under increasing pressure to reduce their carbon footprint. Consumers are becoming more aware of excess carbon dioxide emissions' detrimental environmental effects. Their consumption behavior changes due to this, and they take an active interest in sustainability issues.
GHG emissions are generally classified into Scope 1, 2, & 3 emissions. Scope 1 includes direct GHG emissions from stationary fuel combustion and refrigerant gases. Scope 2 encompasses indirect GHG emissions from the on-site generation and purchase of electricity. Scope 3 involves indirect GHG emissions in the company’s entire value chain such as the purchase of goods and services, waste generated in operations, upstream transport, and distribution.
Colgate-Palmolive, Mondelez, General Mills, Kimberly-Clark, and Nike were US-based major companies with significant Scope 3 emissions in 2021.
Colgate-Palmolive Co (Colgate-Palmolive), manufacturer and seller of oral care, personal care, home care, and pet nutrition products, is one of the major contributors to Scope 3 emissions in the US. Scope 3 emissions form the major portion of Colgate-Palmolive’s total GHG emissions with emissions of 40,539 thousand tonnes of CO2 equivalents in 2021.
Mondelez is one of the leading Scope 3 GHG emitters. In 2021, Scope 3 emissions accounted for around 94.4% of Mondelez’s total GHG emissions, with 24,010 thousand tonnes of CO2 equivalent emissions. The company aims at a 10% end-to-end CO2eq emissions reduction by 2025 in comparison to the 2018 level.
General Mills Inc (General Mills) manufactures and markets consumer-based food products. In 2021, General Mills’ Scope 3 emissions were 13,300 thousand tonnes of CO2 equivalent. The company has committed to reducing value chain greenhouse gas emissions by 30% by 2030.
Kimberly-Clark and Nike were among the leading emitters of Scope 3 emissions with emissions of 12,590 thousand tonnes of CO2 equivalents and 10,824 thousand tonnes of CO2 equivalents, respectively.
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