Marmon Foodservice Technologies Emissions Near-term Targets Validated by the Science Based Targets Initiative
April 25 2024 - 3:01PM
Business Wire
Marmon Foodservice Technologies, a global manufacturer of
premium commercial food and beverage equipment, has received
validation for its near-term greenhouse gas (GHG) emissions
reduction targets by the Science Based Targets initiative (SBTi).
The validation represents a significant milestone in the company’s
commitment to reduce both operational and value chain greenhouse
gas emissions.
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“Today more than ever, it is necessary to act on a global level
to deal with the impacts of climate change. To that end, Marmon
Foodservice Technologies is committed to becoming part of the
solution through our products and processes,” said Craig Heetland,
Group President, Marmon Foodservice Technologies. “Our validated
near-term science-based targets provide a defined pathway to reduce
greenhouse gas emissions by 2033 and we are also committed to be
net zero by 2050.”
More specifically, Marmon Foodservice Technologies commits to
reduce its absolute scope 1 and 2 GHG emissions by 54.6% by 2033
from a 2021 baseline year.* Marmon Foodservice Technologies further
commits to reduce its absolute scope 3 GHG emissions from its
purchased goods and services and use of sold products by 32.5%
within the same timeframe. *The target boundary includes
land-related emissions and removals from bioenergy feedstocks.
These science-based targets are in line with what the latest
climate science deems necessary to meet the goal of the Paris
Agreement of limiting global warming to 1.5oC above pre-industrial
levels and provide a clearly defined pathway to reduce GHG
emissions in order to help prevent the climate change impacts while
future-proofing our activities.
Marmon Foodservice Technologies is one of the 11 industry groups
that make up Marmon Holdings, Inc., a Berkshire Hathaway company,
and the first to have its near-term targets validated.
“Across Marmon’s portfolio of companies, we are focused on
operating sustainably to help meet the goals of our customers and
enhance the communities in which we operate,” said Martha
Drouet-Rueden, Senior Counsel and Sustainability Officer for Marmon
Holdings. “Marmon Foodservice Technologies is paving the way for
additional Marmon businesses to follow in their footsteps and
strengthen our collective sustainability commitments.”
About the Science Based Targets initiative
The Science Based Targets initiative (SBTi) is a corporate
climate action organization that enables companies and financial
institutions worldwide to play their part in combating the climate
crisis. The SBTi develops standards, tools and guidance which allow
companies to set greenhouse gas (GHG) emissions reductions targets
in line with what is needed to keep global heating below
catastrophic levels and reach net-zero by 2050 at latest. The SBTi
is incorporated as a charity, with a subsidiary which will host our
target validation services. Its partners are CDP, the United
Nations Global Compact, the We Mean Business Coalition, the World
Resources Institute (WRI), and the World Wide Fund for Nature
(WWF).
About Marmon Foodservice Technologies
Marmon Foodservice Technologies is an industry-leading global
manufacturer of premium commercial food and beverage equipment and
supplies. With a longstanding, successful history in foodservice as
well as worldwide product reach, Marmon Foodservice Technologies
has built trusted partnerships with top brands, distributor
partners, and business owners. From innovative and leading food and
beverage equipment to full life-cycle service solutions, the
company’s portfolio of brands has a combined history of over 300
years in the foodservice industry. Visit marmonfoodservice.com to
learn more.
About Marmon Holdings, Inc.
Marmon Holdings, Inc., a Berkshire Hathaway company, is a global
industrial organization comprising 11 industry groups, 30,000 team
members, and more than 120 autonomous businesses with a total
annual revenue of $12 billion. With a more than 70-year history and
650 locations creating innovative solutions to the world’s greatest
needs, Marmon is built to win. Learn more about Marmon at
marmon.com.
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Jennifer Sampson 847-530-5755 Jennifer.Sampson@marmon.com Marmon
Holdings, Inc.
Nicole Hopkins 815-321-9379 Nicole.hopkins@marmon.com Marmon
Holdings, Inc.