BRF decreased greenhouse gases by way of 26% in 2022
22 December 2023
2 minute learn
Brazilian hen and red meat processor BRF SA won a $150 million “sustainability mortgage” from the First Abu Dhabi Financial institution, Reuters reported, mentioning a remark on Thursday.
The corporate mentioned that is its first inexperienced mortgage to be used within the Heart East and North Africa, because the credit score line will assist BRF increase its trade within the area.
Sustainability or inexperienced loans are credit score amenities structured to enhance sustainable trade actions from a social and environmental point of view.
“At BRF, we outlined the standards for lowering scope 1 and a couple of emissions, and for expanding blank power intake as a efficiency indicator connected to the mortgage,” Bruno Massera, monetary director of global markets at BRF, mentioned in a remark. “Those are related targets for BRF and are aligned with the problem of hanging into follow the battle in opposition to local weather alternate mentioned right through COP28.”
In 2021, BRF introduced a dedication to the Science-Primarily based Goal Initiative (SBTI) and has been running since to scale back greenhouse gasoline (GHG) emissions throughout its provide chain, in line with the remark.
In 2022, BRF accomplished “a 26% aid in absolute greenhouse gasoline emissions as outlined in scopes 1 and a couple of,” the remark mentioned.
Scope 1 emissions are direct GHG emissions from company-owned and regulated belongings whilst Scope 2 emissions are oblique ones from bought power together with electrical energy, steam, warmth, or cooling.
Scope 3 emissions, in flip, comprises all different oblique emissions that happen in an organization’s price chain.