Out of nearly 12,000 companies which were scored by CDP in 2021, Barry Callebaut is one of 24 high-performing companies, securing a place on CDP’s prestigious ‘A List’.
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts.
After ranking for four years in a row as a CDP global climate leader with a score of A- for its climate reduction efforts, Barry Callebaut is now, for the first time, making the ‘A List’ as a leader in corporate action and transparency on deforestation.
CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency.
In 2021, over 590 investors with over $110 trillion in assets and 200 major purchasers with $5.5 trillion in procurement spend, requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform.
A detailed and independent methodology is used by CDP to assess companies, allocating a score on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
In addition, the company received for the fourth consecutive year an “A-” for its carbon reduction efforts.
Pablo Perversi, Chief Innovation, Sustainability & Quality Officer; Global Head of Gourmet, said: “This is our fourth consecutive year of being recognised as a leader by CDP, which shows tremendous appreciation of our Forever Chocolate progress to make sustainable chocolate the norm by 2025.
“It is an enormous challenge, but the recognition by CDP is testimony to the dedication of our people, every day, to continue to innovate, scale and remain focussed on our sustainability efforts.”
This recognition supports Barry Callebaut’s mission in carbon reduction and identifying forests with high conversion value. By 2025, the company aims to be carbon and forest positive.
One particular milestone of its fight against deforestation was the development of a publicly available, industry-first, indicative High Carbon Stock (HCS) map It identifies forests with high conservation value and areas where deforestation would cause the highest carbon emissions.
It’s been described as a true breakthrough because it provides a highly automated, transparent, objective tool that generates HCS maps at global scale.
To become carbon positive, Barry Callebaut has committed to assessing the carbon impact created by its own operations (scope 1), the impact generated by the energy it uses (scope 2), and the impact of its entire supply chain (scope 3), which includes the production and processing of all the raw materials the company sources, and related Land Use Changes (LUC), which forms the biggest part of our carbon liability.
Barry Callebaut states that it is “very proud” to once again be recognised for its commitment on environmental ambition, action, and transparency.
A full list of companies that made this year’s CDP A List is available at www.cdp.net/en/companies/companies-scores.