Kernel’s Poltavsky Vegetable Oil Extraction Plant has joined the SBTi [Science Based Targets Initiative], which encourages companies to set emission reduction targets under the Paris Agreement to prevent irreversible climate change.
The Company’s asset became the first company in the Ukrainian food industry to join this global initiative. By doing so, Kernel has officially confirmed its commitment to implementing the measures that will contribute to limiting global warming to 1.5°C. They will involve setting and verifying short-term goals for reducing greenhouse gas emissions from the plant’s operations.
The decision to commit to the Initiative’s goals is part of the Company’s systematic efforts towards decarbonisation and climate sustainability at every stage of the value chain, from the field to the point of shipment of finished products. This step also responds to the growing demand from consumers around the world, trading partners and investors to enhance the Company’s low-carbon ambitions.
The SBTi was formed as a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The call to action of the SBTi is one of the We Mean Business Coalition commitments. The SBTi defines best practices in reducing emissions and achieving net-zero targets, supports companies in setting and validating targets, and brings together experts to independently assess the target-setting.
As a reminder, in early 2024, Kernel confirmed its CDP “B” climate rating.
