We operate sustainably and support our customers to do the same. We care about the environmental issues affecting our industry and the planet.
We’re developing an approach to support our customers and the agriculture industry to address climate impacts, beginning with the launch of the customer sustainability incentive pilot program.
We’re on track to reduce FCC greenhouse gas emissions by 40% by 2025 through the reduction of 307 tonnes this year. We set an ambition to be net-zero aligned in our internal operations.
We published our second climate-related disclosures, which can be found in our annual report, and highlight FCC’s processes for identifying and assessing physical and transition risks.
We donated 1,011 laptops, 480 cells phones and other computer accessories to non-profit organizations across Canada.
We offset our paper consumption this year by reforesting 312 trees in global reforestation projects.
Sustainability has become a principle driving the agriculture and food industry. FCC has an opportunity to enable Canada to be a world leader in sustainable agriculture and food production. Within our ESG program, we’re exploring how FCC can provide sustainability and environmental-focused financing, knowledge, tools and innovation for our customers.
FCC has been measuring its operational carbon footprint for several years. Our current 2025 target, set in 2016-17, is to reduce FCC greenhouse gas emissions by 40% (established from a 2011-12 baseline). By reducing emissions by 307 tonnes of CO2e every year from 2017 to 2025, we’re on track to meet this target.
In 2022-23, FCC set an ambition to be net-zero aligned in our internal operations. As part of the development of our ESG program, we will explore how to meet our net-zero aligned ambition by setting a science-based target. This aligns to the latest climate science best practices required to meet global goals. We’ll achieve this target through a combination of emission reductions alongside offsetting FCC’s residual operational emissions through the purchase of credible offsets.
FCC remains committed to furthering our understanding of climate opportunities and risks for the agriculture and food industry and understanding emissions related to our portfolio. In 2021-22, we completed an assessment using aggregated data by sector and geography for an initial benchmark of our financed emissions. In 2022-23, we calculated our Scope 3 Category 15 emissions related to our downstream activities using emission factors aligned with the North American Industry Classification System (NAICS) and provided by Partnership for Carbon Accounting Financials (PCAF). Learn more about financed emissions in our 2022-23 climate-related disclosures, which can be found in our annual report.