Multinational food giant General Mills has set itself an ambitious target to slash carbon emissions throughout its entire operations and supply chain, mobilising over $100 million of clean tech investment in the process.
The firm’s announcement aims to reduce its greenhouse gas emissions by 28 percent “from farm to fork to landfill” over the next 10 years.
They further pledged to invest more than $100m in energy efficiency measures and clean energy capacity across its value chain, while simultaneously developing new partnerships with suppliers to improve the sustainability of its agricultural products.
In addition, it said it is aiming to reduce the carbon footprint of its packaging and boost the climate resiliency of farms in its supply chain.
Ken Powell, chairman and chief executive of General Mills, said the company and the planet depended on it playing its part in mitigating environmental degradation.
“For 150 years, General Mills has served the world by making food people love,” he said in a statement. “Our aim is to be around for another 150 years.”
Over the past decade, General Mills has been able to cut emissions within its own operations by 13%. But the company shall have to work with the its partners to achieve stated goals. That’s because nearly two-thirds of General Mills’ total greenhouse gas emissions occur beyond its direct operations.
“We know our greatest impact is outside our four walls – particularly in agriculture, ingredients and packaging,” said Ken Powell, chairman and CEO of General Mills. To reduce emission levels, he said the company would need to work with growers, suppliers and industry partners.