Friday, September 25, 2020

Starbucks to transition into ‘resource-positive company’

Starbucks has set science-based targets for carbon, water and waste for 2030 as part of newly unveiled efforts to be a “resource-positive company”.

In a public letter to all company stakeholders, CEO Kevin Johnson has announced a multi-decade commitment to be a resource-positive company that “gives more than it takes form the planet”

By 2030, Johnson said there will be a 50% reduction in carbon emissions in the company’s direct operations and supply chain. 50% of water withdrawal for direct operations and coffee production with be conserved or replenished. And there’ll be a 50% reduction in waste sent to landfill from stores and manufacturing.

As well as setting science-based preliminary targets for reducing carbon emissions, water use and waste by 2030, the public letter also outlined five strategies towards achieving these aims.

Under these strategies, Starbucks has pledged to expand plant-based options and migrate toward s amore environmentally-friendly menu and shift from single-use to renewable packaging.

It will also invest in innovative and regenerative agriculture practices as well as reforestation, forest conservation and water replenishment in its supply chain.

Moreover, efforts will extend to investing in better waste management and ensure more reuse, recycling and elimination of food waste. Finally, it will develop more eco-friendly stores, operations, manufacturing and delivery.

On Starbucks 50th anniversary in 2021, the company will formalise its 2030 environmental goals based on learnings between now and then.

Specifically, Johnson noted, the coming year will involve comprehensive market research and trials to better understand consumer behaviour and incentives to encourage more use of reusable containers.

“By embracing a longer-term economic, equitable and planetary value for our company, we will create greater value for all stakeholders,” said Johnson.

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