NewAge Industries Commits to Science-Based Greenhouse Gas Reduction Strategy
Manufacturing company NewAge Industries pledges to set comprehensive greenhouse gas emission reduction targets in alignment with the Science Based Targets initiative, signaling a significant commitment to corporate sustainability and climate action.
NewAge Industries, Inc. has announced a strategic commitment to establish science-based greenhouse gas (GHG) emission reduction targets, marking a significant step in the company's sustainability efforts. The manufacturer will submit near- and long-term emission reduction goals within two years, covering Scope 1, 2, and 3 GHG emissions.
Under this initiative, NewAge plans to develop targets validated by the Science Based Targets initiative (SBTi), a collaborative effort involving prominent environmental organizations including the Carbon Disclosure Project, UN Global Compact, World Resources Institute, and World Wide Fund for Nature. The commitment builds upon the company's existing achievement of attaining Net Zero Scope 2 market-based emissions.
CEO Mary Marcus emphasized the company's sustainability vision, stating that this commitment represents the next phase of their environmental strategy. The comprehensive approach aims to lower emissions across the entire value chain by collaborating with suppliers and customers.
The significance of this announcement extends beyond NewAge's corporate boundaries. By setting scientifically validated emission reduction targets, the company demonstrates leadership in addressing climate change within the manufacturing sector. Such commitments are crucial in driving industry-wide transformation and supporting global efforts to mitigate environmental impact.
Once submitted and validated, NewAge's targets will provide a clear roadmap for reducing the company's carbon footprint, potentially serving as a model for other manufacturers in high-purity industrial and pharmaceutical markets.