IRVING,
Texas, Dec. 8, 2022 /PRNewswire/ -- Darling
Ingredients Inc. (NYSE: DAR), the world's leading company turning
food waste into sustainable products and renewable energy, has
signed a commitment letter for the Science Based Targets initiative
(SBTi) and the Business Ambition for 1.5°C campaign, and has
initiated the process of setting near- and long-term, science-based
targets to further reduce its climate impact in line with the
latest climate science.
"Our commitment to setting science-based targets is another step
toward achieving our goal of net-zero emissions by 2050," said
Randall C. Stuewe, Chairman and CEO
of Darling Ingredients. "Our work with the SBTi will help create a
clear pathway to achieving our greenhouse gas emission-reduction
goals. All the while, Darling Ingredients will continue its
leadership position of delivering the two things the world will
need more of, food and energy."
A global collaboration between CDP, the United Nations Global
Compact, World Resources Institute (WRI) and the World Wide Fund
for Nature (WWF) and one of the We Mean Business Coalition
commitments, the SBTi defines and promotes best practice in
science-based target setting, offers resources and guidance to
reduce barriers to adoption, and independently assesses and
approves companies' targets.
Darling Ingredients has made progress toward its short-term ESG
goals. In the company's ESG report published in September 2022, it reported the following:
- Formed an ESG Committee within its Board of Directors;
- Invested $25 million in energy
and water efficiency improvements;
- Is 36% percent of the way toward achieving its 2025 global
water intensity goal; and
- Is 18% of the way toward achieving its energy intensity per
unit processed goal in its collagen business.
The latest climate science from the Intergovernmental Panel on
Climate Change – described by the UN as "code red for humanity" –
shows it is still possible to limit global temperature rise to
1.5°C, but society is dangerously close to that threshold.
Darling Ingredients has responded to the SBTi's urgent call
for corporate climate action by committing to align with 1.5°C and
net-zero through the Business Ambition for 1.5°C campaign.
Participation in the campaign establishes Darling Ingredients'
net-zero targets will be aligned with the SBTi's Net-Zero Standard,
the world's first framework for corporate net-zero target setting
in line with climate science.
"Darling Ingredients recognizes climate risk is investment risk.
We have invested a considerable amount of time, effort and
resources toward improving our environmental sustainability," said
Suann Guthrie, Vice President of
Investor Relations, Global Communications and Sustainability. "But
we recognize this is a journey and more work must be done. Working
with the SBTi will help us strengthen our emissions reduction
targets while we continue our critical work to provide the world
with sustainable feed and food ingredients and decarbonization
solutions."
More details on the company's ESG efforts are available at
darlingii.com/csr/esg.
About Darling
Darling Ingredients Inc. (NYSE: DAR) is the largest publicly
traded company turning edible by-products and food waste into
sustainable products and a leading producer of renewable energy.
Recognized as a sustainability leader, the company operates more
than 270 facilities in 17 countries and repurposes approximately
15% of the world's meat industry waste streams into value-added
products, such as green energy, renewable diesel, collagen,
fertilizer, animal proteins and meals and pet food ingredients. To
learn more, visit darlingii.com. Follow us on LinkedIn.
Darling Ingredients Contacts
Investors:
|
Suann
Guthrie
|
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VP, Investor Relations,
Sustainability & Communications
|
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(469) 214-8202;
suann.guthrie@darlingii.com
|
|
|
Media:
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Jillian
Fleming
|
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Director, Global
Communications
|
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(972) 541-7115;
jillian.fleming@darlingii.com
|
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SOURCE Darling Ingredients Inc.