Corteva Announces Ambitious Sustainability Goals and 2030 Targets

Strategic Insights -

Corteva, Inc. has unveiled its intention to become a more carbon-efficient business, detailing its commitment to set science-based targets for greenhouse gas emission reductions in its inaugural 2020 Sustainability Report. The report highlights Corteva's 2030 goals and provides updates on its commitments to enrich lives, increase the resilience of the global food system, and protect the planet. Corteva's CEO, Jim Collins, emphasizes the company's recognition of climate change's impact on society and its commitment to taking action to address this global challenge.

Key Takeaways:

  • Corteva has set a commitment to set science-based targets for its greenhouse gas emission reductions, aligned with the effort to limit global warming to 1.5°C above pre-industrial levels.
  • The company aims to achieve a 65% intensity reduction for scope 1 and 2 emissions by 2030, relative to its business activities.
  • Corteva has also committed to a 20% intensity reduction for scope 3 emissions by 2030, reflecting efforts to address climate issues through various initiatives, including reducing energy usage, increasing production efficiencies, and transitioning to renewable energy sources.
  • The company will validate these targets with the Science-Based Targets initiative (SBTi) as a next step.
  • Corteva's 2020 Sustainability Report highlights the company's sustainability goals and efforts toward achieving them, including improving farmers' livelihoods, conserving resources, sustaining the land, strengthening communities, and increasing sustainability within its operations.
  • The report reflects the work and contributions of Corteva employees worldwide, as well as the company's commitment to working with stakeholders throughout the food system.

Statistics:

  • 65% intensity reduction for scope 1 and 2 emissions by 2030, relative to Corteva's business activities.
  • 20% intensity reduction for scope 3 emissions by 2030
  • 1.5°C: the target level of global warming referenced by Corteva's climate strategy goal.
  • 21,000: the number of employees worldwide working towards Corteva's sustainability goals.
  • 2030: the target year for achieving Corteva's greenhouse gas emission reductions.
  • 2020: the year in which Corteva announced its 14 ten-year commitments to advance sustainability for farmers, for the land, in communities, and in its operations.

Sources:

  • Corteva Inc.
  • Corteva Agriscience Sustainability Report 2020
  • Science-Based Targets initiative (SBTi)