Fonterra Co-Operative Group Ltd

Common Name
Fonterra Co-Operative Group
Country
New Zealand
Sector
Consumer Defensive
Industry
Packaged Foods
Employees
16,441
Ticker
FCG
Exchange
NZX
Description
Fonterra Cooperative Group Limited is a prominent New Zealand-based multinational dairy cooperative. As the largest exporter of dairy products globally, Fonterra plays a crucial role in the agricultur...

Fonterra Co-Operative Group's GHG Emissions Data Preview

In 2023, Fonterra Co-Operative Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Fonterra Co-Operative Group has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Fonterra Co-Operative Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Fonterra Co-Operative Group amounted to 1,847,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Fonterra Co-Operative Group decreased by 4.5%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Fonterra Co-Operative Group's Scope 1 Emissions Over Time

2018201920202021202220230450 k900 k1.35 M1.8 MtCO2e-1%+1%-10%-12%-2%
  • Total Scope 1
  • Year-over-Year Change

What are Fonterra Co-Operative Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Fonterra Co-Operative Group were 1,347,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Fonterra Co-Operative Group reduced its Scope 1 emissions over time?

Since 2018, Fonterra Co-Operative Group's Scope 1 emissions have decreased by 21.96%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Fonterra Co-Operative Group's Scope 1 emissions decreased by 1.61%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Fonterra Co-Operative Group's Scope 2 emissions?

In 2023, Fonterra Co-Operative Group reported Scope 2 greenhouse gas (GHG) emissions of 500,000 tCOâ‚‚e using the location-based method.

Has Fonterra Co-Operative Group reduced its Scope 2 emissions over time?

Since 2018, Fonterra Co-Operative Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 28.67%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Fonterra Co-Operative Group's Scope 2 emissions (Location-Based) fell by 11.5% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Fonterra Co-Operative Group use for Scope 2 reporting?

In 2023, Fonterra Co-Operative Group reported its Scope 2 emissions using the location-based method.

Fonterra Co-Operative Group's Scope 2 Emissions Over Time

2018201920202021202220230200 k400 k600 k800 ktCO2e
  • Total Scope 2 Location-Based

Insights into Fonterra Co-Operative Group's Value Chain Emissions

In 2023, Fonterra Co-Operative Group reported 23,976,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Fonterra Co-Operative Group includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Fonterra Co-Operative Group's Scope 3 Emissions Over Time

20182019202020212022202306.5 M13 M19.5 M26 MtCO2e-3%+5%-1%-3%-1%
  • Total Scope 3
  • Year-over-Year Change

What are Fonterra Co-Operative Group's Scope 3 emissions?

In 2023, Fonterra Co-Operative Group reported total Scope 3 emissions of 23,976,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Fonterra Co-Operative Group reduced its Scope 3 emissions over time?

Since 2018, Fonterra Co-Operative Group's Scope 3 emissions have remained relatively stable, indicating that Fonterra Co-Operative Group 's emissions have plateaued with no significant change in its value chain footprint.

Compared to the previous year (2022), Fonterra Co-Operative Group's Scope 3 emissions remained relatively stable, indicating that Fonterra Co-Operative Group 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Fonterra Co-Operative Group disclose?

In 2023, Fonterra Co-Operative Group reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Fonterra Co-Operative Group's Scope 3 emissions?

In 2023, the largest contributors to Fonterra Co-Operative Group's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 23,534,000 tCOâ‚‚e (98.16%)
  • Upstream Transportation and Distribution (Cat. 4): 292,000 tCOâ‚‚e (1.22%)
  • Fuel- and Energy-Related Services (Cat. 3): 143,000 tCOâ‚‚e (0.6%)

Fonterra Co-Operative Group's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(98.2%)UpstreamTransportation andDistribution(Cat. 4)(1.2%)

Insights into Fonterra Co-Operative Group's Total Carbon Footprint

In 2023, Fonterra Co-Operative Group reported a total carbon footprint of 25,823,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.3% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Fonterra Co-Operative Group's total carbon footprint was Scope 3 emissions, accounting for 92.85% of the company's total carbon footprint, followed by Scope 1 emissions at 5.22%.

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