Daily Newsletter

31 January 2024

Daily Newsletter

31 January 2024

IFCO releases net-zero roadmap for 2040

IFCO has received approval from Science Based Targets initiative (SBTi) on its near-term greenhouse gas emissions reduction targets for 2031.

Claire Jenns January 30 2024

Reusable packaging container (RPC) provider IFCO has published its Roadmap to Net Zero, which outlines key decarbonisation levers and milestones for the company to become a net zero business by 2040.

The Science Based Targets initiative (SBTi), an independent body, has validated IFCO's near-term science-based targets for 2031.

This confirms that the company's goals for reducing greenhouse gas (GHG) emissions align with a 1.5-degree scenario, as recommended by the Intergovernmental Panel on Climate Change (IPCC).

IFCO’s net-zero targets

IFCO is aiming for a 46.2% absolute reduction in Scope 1&2 emissions and 17% absolute reduction in Scope 3 emissions from purchased goods and services and upstream transportation and distribution, focusing on the grocery supply chain.

Additional targets include implementing solar thermal and heat pump solutions at IFCO service centers, increasing the use of fuel-efficient vehicles and rail, exploring zero-emissions transport, transitioning to green electricity in the RPC recycling and production processes, reducing the use of virgin plastic, and increasing the proportion of recycled plastic to produce low-carbon RPCs.

IFCO CEO Michael Pooley commented: “While our circular business model is inherently sustainable, we are committed to achieving even more. The validation of our targets from SBTi is a key milestone in this journey and confirms our commitment to set climate targets that are aligned with science."

The company’s latest ESG report shows progress toward its 2025 goals, including securing 100% certified green electricity for all IFCO-operated Service Centers and attaining carbon neutrality in operations.

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