This includes a commitment to setting a long-term target to achieve net-zero value chain emissions. NewAge’s commitment encompasses Scope 1, 2 and 3 GHG emissions and complements its existing achievement of attaining Net Zero Scope 2 market-based emissions.
“At NewAge, we strive to be a leader in sustainability.” said Mary Marcus, NewAge’s Chief Executive Officer. “Committing to set near- and long-term targets in line with SBTi is the next step in our sustainability journey and we look forward to collaborating with our suppliers and customers to lower emissions in our value chain.”
NewAge will submit its GHG emission reduction targets to the SBTi within the two years required by SBTi guidelines. Once submitted, those targets will be validated against the SBTi criteria. The SBTi is a collaboration between the Carbon Disclosure Project (CDP), the United Nations (UN) Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). It defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.
