Manufacturing company NewAge Industries has announced a significant environmental sustainability commitment by pledging to develop science-based greenhouse gas (GHG) emission reduction targets. The company will submit comprehensive near- and long-term emission reduction goals within two years, encompassing Scope 1, 2, and 3 emissions, with the ultimate aim of achieving net-zero value chain emissions.
The initiative, developed in collaboration with the Science Based Targets initiative (SBTi), represents a strategic approach to addressing climate change through measurable, verifiable emissions reduction. SBTi, a partnership between prominent environmental organizations including the Carbon Disclosure Project, United Nations Global Compact, World Resources Institute, and World Wide Fund for Nature, provides a rigorous framework for corporate climate action.
CEO Mary Marcus emphasized the company's proactive stance, stating that this commitment represents the next phase in NewAge's sustainability journey. By targeting emissions across its entire operational ecosystem, the company demonstrates a holistic approach to environmental responsibility that extends beyond internal operations to include suppliers and customers.
Of particular note is NewAge's existing achievement of Net Zero Scope 2 market-based emissions, which provides a strong foundation for their expanded emission reduction strategy. The company's commitment signals a broader trend of manufacturers integrating environmental sustainability into core business strategies, recognizing the critical role of private sector leadership in addressing global climate challenges.
The proposed targets will undergo independent validation by SBTi, ensuring credibility and alignment with the latest climate science. This approach provides transparency and accountability, offering stakeholders a clear understanding of the company's environmental commitments and progress.
By setting science-based targets, NewAge Industries positions itself as an environmental leader in the manufacturing sector. The initiative demonstrates how companies can simultaneously pursue business objectives and contribute meaningfully to global emissions reduction efforts, potentially serving as a model for other organizations in similar industries.
