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2024-05-21 23:00
Trees are essential to the long-term sustainability of our business and the partners who work with us to take steps to do the right thing for our planet.
Angela Tejada-Chavez, Matt Silveira and Molly Haragan
NORTHAMPTON, MA / ACCESSWIRE / May 21, 2024 / Angela Tejada-Chavez, Head of Sustainable Sourcing, Cocoa; Molly Haragan, Sr. Manager, Responsible Sourcing; Matt Silveira, Manager, Environmental Sustainability
Key Takeaways:
At Hershey, we have always said that doing good by the planet is not only doing the right thing - it's good business. That statement is as true today as it was when our founder, Milton Hershey first said, "There is not a person alive who should not plant a tree - not for the shade that you'll enjoy, but for those who are coming after."
Hershey continues to invest in healthy forests and natural ecosystems. We understand the critical role of trees in contributing to climate change resiliency, farm resiliency, carbon reduction, and biodiversity as well as economic opportunities for forest-dependent families and communities.
Expanded No Deforestation Monitoring & Verification Partnership
Since 2020, Hershey has worked with Starling, a satellite monitoring solution co-developed by Earthworm Foundation ("Earthworm") and Airbus, to monitor and verify that our palm oil supply chain is deforestation-free.
In 2023, we expanded this partnership to help us achieve No-Deforestation Verification across several of the priority ingredients and materials we source, supported by the use of Starling. Starling allows us to see where deforestation occurs in our supply chain in near real-time and enables us to take action with supply chain partners and local stakeholders to manage potential deforestation alerts. We can then verify if the ingredient or material is not linked to deforestation or if remedial actions may be required.
This partnership enables Hershey to take a holistic, multi-ingredient and material view to address the agricultural supply chains that are identified as most at risk for driving deforestation, degradation, and conversion.
Accelerated Deforestation and Conversion-Free Commitment
In 2023, Hershey accelerated its timing to achieve a deforestation and conversion-free supply chain for the cocoa, palm oil, pulp and paper (packaging), and direct soy we source by December 31, 2025 (previously 2030).
Our new Deforestation and Conversion-Free Policy is critical to delivering on our ambition to reduce value chain emissions and is aligned with requirements of the Science Based Targets initiative's new Forest, Land and Agriculture Guidance (FLAG). With more than two-thirds of Hershey's value chain emissions arising from agricultural sources, eliminating deforestation and land-use change (verified through satellite monitoring) and investing in agroforestry and reforestation projects are key to achieving our goal of 25% absolute reduction in Scope 3 greenhouse gas (GHG) emissions by 2030 (against a 2018 baseline).
Harnessing the Power of Trees - Biodiversity Protection, Forest Conservation & Forest Restoration
Hershey also invests in protecting and conserving the standing forests neighboring our physical supply chain. We are supporting multi-year forest protection activities in intact forest areas that are home to endangered plant and animal species in Ghana, Côte d'Ivoire and Indonesia.
Hershey is also proud of our tree-planting partnerships as part of our investment in agroforestry and reforestation efforts.
Additional details on our progress and investments in forest conservation, tree planting and agroforestry work are included in our ESG Report.
From Commitments to Action
We proudly contribute to combatting supply chain-driven deforestation and reducing its impact on farming landscapes. We recognize the work required ahead to ensure the long-term sustainability of our business and to do the right thing for our shared planet.
View additional multimedia and more ESG storytelling from The Hershey Company on 3blmedia.com.
Contact Info:
Spokesperson: The Hershey Company
SOURCE: The Hershey Company