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Giving Compass' Take:
• TriplePundit reports that armed with the new Science-Based Target initiative (SBTi), Hershey company is committed to reducing their carbon footprint and drastically lower green house gas emissions.
• How can donors and philanthropists incentivize large companies to go green? How can they fund initiatives that support this?
• Here's how another famous food company plans to cut their carbon footprint.
One of the world’s top chocolate companies shared new plans for reducing its impact on the planet – including committing to set Science-Based Targets. But what sets Hershey apart from its peers is not this commitment. It’s the journey behind how it got here.
Leading up to the January 24th announcement, a lot happened behind the scenes - data was collected, numbers were crunched and methodologies chosen. It required time, human capital and expertise.
But Hershey didn’t do it alone. The company hired a graduate student to help with the heavy-lifting that comes before a target can be set.
A lot of companies are joining the Science-Based Target initiative (SBTi). And a lot more will. But there’s also a large group of companies that want to, and simply don’t know how. For this group, it’s a question of making the SBTi methodology align with their climate and business goals – like with Hershey.
Read the full article on Hershey's aim to cut carbon footprint by Daniel Hill at TriplePundit