We continue to make good progress in our journey to reach climate net zero by 2050.
We have partnered with a leading carbon management consultancy specialising in the food and agriculture industry, enabling us to improve our methodology for measuring emissions and enhancing the quality of our supply chain (Scope 3) data. We use its industry-leading technology to manage our data when reporting emissions across our largest markets and to identify opportunities where our businesses can collaborate with clients to support their carbon reduction initiatives.
Our total Scope 3 emissions for 2024 were calculated for our top four markets – the US, UK, France and Australia, representing 78% of our global revenues – using a hybrid volume and spend approach, and we extrapolated this for our smaller markets. We particularly focused on increasing the quality of data for purchased goods, the most significant source of emissions from our baseline. This improvement in data quality has resulted in more detailed estimates of food-related emissions and lower emissions estimates for 2024.
As we continue to win new business across regions, with our full year revenues growing by 10%, our absolute Scope 1, 2 and 3 emissions have increased 6% year-on-year. However, our overall greenhouse gas intensity ratio (normalised for revenue growth) across all Scope 1, 2 and 3 emissions has reduced by 4% compared to 2023.
Our strategy to accelerate decarbonisation is based on three key levers:
- Supply Chain: Collaborating with suppliers towards a more sustainable future.
- Operations: Reducing food waste, reformulating menus, and implementing reusable solutions across our direct operations.
- Clients and consumers: Implementing behavioural changes across our indirect operations such as carbon labelling.
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