IRVING, Texas, Dec. 8, 2022 /PRNewswire/ — Darling Substances Inc. (NYSE: DAR), the world’s main firm turning meals waste into sustainable merchandise and renewable power, has signed a dedication letter for the Science Based mostly Targets initiative (SBTi) and the Enterprise Ambition for 1.5°C marketing campaign, and has initiated the method of setting near- and long-term, science-based targets to additional scale back its local weather impression in step with the most recent local weather science.
“Our dedication to setting science-based targets is one other step towards reaching our aim of net-zero emissions by 2050,” mentioned Randall C. Stuewe, Chairman and CEO of Darling Substances. “Our work with the SBTi will assist create a transparent pathway to reaching our greenhouse gasoline emission-reduction objectives. All of the whereas, Darling Substances will proceed its management place of delivering the 2 issues the world will want extra of, meals and power.”
A worldwide collaboration between CDP, the United Nations World Compact, World Sources Institute (WRI) and the World Huge Fund for Nature (WWF) and one of many We Imply Enterprise Coalition commitments, the SBTi defines and promotes greatest apply in science-based goal setting, gives assets and steerage to scale back limitations to adoption, and independently assesses and approves firms’ targets.
Darling Substances has made progress towards its short-term ESG objectives. Within the firm’s ESG report printed in September 2022, it reported the next:
- Fashioned an ESG Committee inside its Board of Administrators;
- Invested $25 million in power and water effectivity enhancements;
- Is 36% p.c of the best way towards reaching its 2025 international water depth aim; and
- Is eighteen% of the best way towards reaching its power depth per unit processed aim in its collagen enterprise.
The newest local weather science from the Intergovernmental Panel on Local weather Change – described by the UN as “code pink for humanity” – reveals it’s nonetheless attainable to restrict international temperature rise to 1.5°C, however society is dangerously near that threshold. Darling Substances has responded to the SBTi’s pressing name for company local weather motion by committing to align with 1.5°C and net-zero by means of the Enterprise Ambition for 1.5°C marketing campaign. Participation within the marketing campaign establishes Darling Substances’ net-zero targets will probably be aligned with the SBTi’s Internet-Zero Normal, the world’s first framework for company net-zero goal setting in step with local weather science.
“Darling Substances acknowledges local weather threat is funding threat. We now have invested a substantial period of time, effort and assets towards bettering our environmental sustainability,” mentioned Suann Guthrie, Vice President of Investor Relations, World Communications and Sustainability. “However we acknowledge it is a journey and extra work should be finished. Working with the SBTi will assist us strengthen our emissions discount targets whereas we proceed our essential work to offer the world with sustainable feed and meals substances and decarbonization options.”
Extra particulars on the corporate’s ESG efforts can be found at darlingii.com/csr/esg.
About Darling
Darling Substances Inc. (NYSE: DAR) is the biggest publicly traded firm turning edible by-products and meals waste into sustainable merchandise and a number one producer of renewable power. Acknowledged as a sustainability chief, the corporate operates greater than 270 services in 17 international locations and repurposes roughly 15% of the world’s meat business waste streams into value-added merchandise, comparable to inexperienced power, renewable diesel, collagen, fertilizer, animal proteins and meals and pet meals substances. To study extra, go to darlingii.com. Comply with us on LinkedIn.
Darling Substances Contacts
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Buyers: |
Suann Guthrie |
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VP, Investor Relations, Sustainability & Communications |
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(469) 214-8202; [email protected] |
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Media: |
Jillian Fleming |
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Director, World Communications |
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(972) 541-7115; [email protected] |
SOURCE Darling Substances Inc.
