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Darling Ingredients Announces Scope 1 and 2 Emissions Reduction Target, Issues 2023 Sustainability Progress Report

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Darling Ingredients (NYSE: DAR) has announced a target to reduce Scope 1 and 2 emissions by 42% by 2030, aligning with its commitment to the Science Based Targets initiative (SBTi). This goal is highlighted in the company's 2023 Sustainability Progress Report, which outlines key environmental, social, and governance achievements.

Notable accomplishments in 2023 include:

  • Disclosure of Scope 3 emissions inventory from Forest, Land and Agriculture sources
  • Construction of a new Sustainable Aviation Fuel unit at the Diamond Green Diesel joint venture
  • Increased representation of women in senior management
  • Continued partnership with FFA, donating over $270,000
  • Proactive mapping of biodiversity risks across U.S. operations

Darling Ingredients plans to submit Scope 1, 2, and 3 targets to SBTi for validation by the end of 2024, as part of its aspiration to achieve net zero emissions by 2050.

Darling Ingredients (NYSE: DAR) ha annunciato un obiettivo di ridurre le emissioni di Scopo 1 e 2 del 42% entro il 2030, allineandosi al suo impegno con l'iniziativa Science Based Targets (SBTi). Questo obiettivo è evidenziato nel Rapporto di progresso sulla sostenibilità 2023 dell'azienda, che delinea i principali risultati ambientali, sociali e di governance.

Tra i risultati notevoli del 2023 ci sono:

  • Divulgazione dell'inventario delle emissioni di Scopo 3 da fonti di Foresta, Terra e Agricoltura
  • Costruzione di una nuova unità di carburante per aviazione sostenibile presso la joint venture Diamond Green Diesel
  • Aumento della rappresentanza femminile nella gestione senior
  • Continuazione della partnership con FFA, con donazioni superiori a $270.000
  • Mappatura proattiva dei rischi per la biodiversità nelle operazioni negli Stati Uniti

Darling Ingredients prevede di inviare gli obiettivi di Scopo 1, 2 e 3 a SBTi per la convalida entro la fine del 2024, come parte della sua aspirazione di raggiungere emissioni nette zero entro il 2050.

Darling Ingredients (NYSE: DAR) ha anunciado un objetivo de reducir las emisiones de Alcance 1 y 2 en un 42% para 2030, alineándose con su compromiso con la iniciativa Science Based Targets (SBTi). Este objetivo está subrayado en el Informe de Progreso de Sostenibilidad 2023 de la empresa, que describe los logros clave en materia ambiental, social y de gobernanza.

Entre los logros notables de 2023 se incluyen:

  • Divulgación del inventario de emisiones de Alcance 3 de fuentes de Bosques, Tierras y Agricultura
  • Construcción de una nueva unidad de Combustible Sostenible de Aviación en la empresa conjunta Diamond Green Diesel
  • Aumento de la representación de mujeres en la alta dirección
  • Continuación de la asociación con FFA, donando más de $270,000
  • Mapeo proactivo de los riesgos de biodiversidad en las operaciones de EE. UU.

Darling Ingredients planea enviar los objetivos de Alcance 1, 2 y 3 a SBTi para su validación a finales de 2024, como parte de su aspiración de lograr emisiones netas cero para 2050.

달링 재료(Darling Ingredients, NYSE: DAR)는 2030년까지 Scope 1 및 2 배출량을 42% 줄이는 목표를 발표했습니다, 과학 기반 목표 이니셔티브(SBTi)에 대한 의지를 반영하는 것입니다. 이 목표는 회사의 2023 지속 가능성 진행 보고서에 강조되어 있으며, 환경, 사회 및 거버넌스 성과의 주요 내용을 설명합니다.

2023년의 주요 성과는 다음과 같습니다:

  • 삼림, 토지 및 농업 출처의 Scope 3 배출량 재고 공개
  • 다이아몬드 그린 디젤 합작 회사에 새로운 지속 가능한 항공 연료 시설 건설
  • 고위 관리직의 여성 비율 증가
  • FFA와의 지속적인 파트너십, 27만 달러 이상 기부
  • 미국 내 사업 운영에 대한 생물 다양성 위험의 적극적인 매핑

달링 재료는 2024년 말까지 Scope 1, 2 및 3 목표를 SBTi에 검증 요청할 예정입니다, 이는 2050년까지 탄소 중립 목표 달성을 위한 일환입니다.

Darling Ingredients (NYSE: DAR) a annoncé un objectif de réduction des émissions de Scope 1 et 2 de 42 % d'ici 2030, en accord avec son engagement envers l'initiative Science Based Targets (SBTi). Cet objectif est mis en avant dans le Rapport de Progrès en Matière de Durabilité 2023 de l'entreprise, qui décrit les principales réalisations environnementales, sociales et de gouvernance.

Les réalisations notables en 2023 comprennent :

  • Divulgation de l'inventaire des émissions de Scope 3 provenant de sources forestières, terrestres et agricoles
  • Construction d'une nouvelle unité de Carburant Aérien Durable au sein de la joint-venture Diamond Green Diesel
  • Augmentation de la représentation des femmes dans la direction senior
  • Poursuite du partenariat avec la FFA, avec des dons de plus de 270 000 $
  • Cartographie proactive des risques pour la biodiversité dans les opérations aux États-Unis

Darling Ingredients prévoit de soumettre les objectifs de Scope 1, 2 et 3 à la SBTi pour validation d'ici fin 2024, dans le cadre de son aspiration à atteindre des émissions nettes nulles d'ici 2050.

Darling Ingredients (NYSE: DAR) hat ein Ziel angekündigt, die Emissionen der Bereiche 1 und 2 bis 2030 um 42% zu reduzieren, was mit seinem Engagement für die Science Based Targets Initiative (SBTi) übereinstimmt. Dieses Ziel wird im Nachhaltigkeitsbericht 2023 des Unternehmens hervorgehoben, der wichtige Umwelt-, Sozial- und Governance-Leistungen darstellt.

Bemerkenswerte Erfolge im Jahr 2023 sind:

  • Offenlegung des Emissionsinventars der Kategorie 3 aus Quellen wie Wald, Land und Landwirtschaft
  • Errichtung einer neuen Einheit für nachhaltigen Flugkraftstoff im Joint Venture Diamond Green Diesel
  • Erhöhung des Frauenanteils im Senior Management
  • Fortsetzung der Partnerschaft mit der FFA und Spenden von über 270.000 Dollar
  • Proaktive Kartierung von Biodiversitätsrisiken in den US-amerikanischen Betrieben

Darling Ingredients plant, bis Ende 2024 Ziele für die Bereiche 1, 2 und 3 zur Validierung bei der SBTi einzureichen, im Rahmen seines Ziels, bis 2050 Netto-Null-Emissionen zu erreichen.

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IRVING, Texas, Aug. 14, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced a target to reduce Scope 1 and 2 emissions 42% by 2030, which aligns with its commitment to the Science Based Targets initiative (SBTi). The goal is included in the company's 2023 Sustainability Progress Report, published today. The report provides a detailed overview of the company's progress against key environmental, social and governance objectives throughout 2023, highlighting how its Scope 1 and 2 target is an important step toward its aspiration of net zero by 2050.

"Sustainability is core to who we are and what we do, and I'm proud to announce our ambitious emissions reduction target in our latest Sustainability Report," said Chairman and CEO Randall C. Stuewe. "Darling Ingredients plays an important role in circularity. We help entire industries be less wasteful and more sustainable by providing valuable ingredients that help lower our customers' carbon footprint. 2023 was a year of setting up for continued success, and I'm excited for the future as we look to further strengthen our business in a sustainable way."

Notable 2023 achievements include:

  • An emissions target to reduce our Scope 1 and Scope 2 emissions 42% by 2030 against a 2023 baseline;
  • Disclosure of Scope 3 emissions inventory from Forest, Land and Agriculture sources.
  • Construction of a new Sustainable Aviation Fuel unit at our Diamond Green Diesel joint venture;
  • Increased the number of women at the senior management level;
  • Continued our partnership with FFA, donating more than $270,000 in 2023; and
  • Proactively mapped biodiversity risks across our U.S. operations to better understand species richness and habitat availability across our locations.

The company plans to submit Scope 1, 2 and 3 targets to SBTi for validation by the end of 2024.

About Darling Ingredients
A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world's animal agricultural by-products, produces about 30% of the world's collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit darlingii.com. Follow us on LinkedIn.

Cautionary Statements Regarding Forward-Looking Information

This media release includes "forward-looking" statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the statements. Statements that are not statements of historical facts are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "estimate," "guidance," "outlook," "project," "planned," "contemplate," "potential," "possible," "proposed," "intend," "believe," "anticipate," "expect," "may," "will," "would," "should," "could," and similar expressions are intended to identify forward-looking statements. All statements other than statements of historical facts included in this release are forward-looking statements. Forward-looking statements are based on the Company's current expectations and assumptions regarding its business, the economy and other future conditions. The Company cautions readers that any such forward-looking statements it makes are not guarantees of future performance and that actual results may differ materially from anticipated results or expectations expressed in its forward-looking statements as a result of a variety of factors, including many that are beyond the Company's control. The information, goals, and targets discussed in this media release, including our 2030 target, are based on currently available information, data, and reasonable estimates, have a high degree of uncertainty, and constitute forward-looking statements that may later be adjusted. Many of the risks and uncertainties associated with the information, goals, and targets in this media release are out of our control and others are not even known as of the date hereof. There are numerous uncertainties associated with the information, goals, and targets in this media release, some of which include the methodologies and standards for collecting, calculating, and estimating GHG emissions, reductions, and avoidance. These methodologies and standards are continuing to be developed and adapted, which may necessitate later revisions to the information, goals, and targets in this media release. There are also numerous risks associated with achieving the goals and targets in this media release, some of which include the potential for changes to government policies, including GHG related incentives and mandates; operational challenges associated with our GHG reduction work; challenges or delays with sustainability or climate targeted technology advancements or implementations; and new or unforeseen climate events, burdens, or impacts. Adjustments to the information, goals, and targets in this media release may also be required over time due to other factors, such as the Company's performance, cash flows, or operational needs and objectives, or market factors. For a more detailed discussion of these factors and other risks and uncertainties regarding the Company, its business and the industries in which it operates, see the Company's filings with the SEC, including the Risk Factors discussion in Item 1A of Part I of the Company's Annual Report on Form 10-K for the fiscal year ended December 30, 2023. The Company cautions readers that all forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update any forward-looking statements, whether as a result of changes in circumstances, new events or otherwise.

Darling Ingredients Contacts


Investors:

Suann Guthrie


Senior VP, Investor Relations, Sustainability & Communications


(469) 214-8202; suann.guthrie@darlingii.com



Media:

Jillian Fleming


Director, Global Communications


(972) 541-7115; jillian.fleming@darlingii.com

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SOURCE Darling Ingredients Inc.

FAQ

What is Darling Ingredients' (DAR) new emissions reduction target for 2030?

Darling Ingredients (DAR) has set a target to reduce Scope 1 and 2 emissions by 42% by 2030, compared to a 2023 baseline.

When did Darling Ingredients (DAR) release its 2023 Sustainability Progress Report?

Darling Ingredients (DAR) released its 2023 Sustainability Progress Report on August 14, 2024.

What is Darling Ingredients' (DAR) long-term emissions goal?

Darling Ingredients (DAR) has an aspiration to achieve net zero emissions by 2050.

What new facility did Darling Ingredients (DAR) construct in 2023?

In 2023, Darling Ingredients (DAR) constructed a new Sustainable Aviation Fuel unit at its Diamond Green Diesel joint venture.

How much did Darling Ingredients (DAR) donate to FFA in 2023?

Darling Ingredients (DAR) donated more than $270,000 to FFA (Future Farmers of America) in 2023 as part of their ongoing partnership.

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