Wendy’s announced near-term, science-based targets to reduce Scope 1, 2 and 3 greenhouse gas emissions by 47% by 2030 across its global System. The goals, which were recently approved by the Science Based Targets initiative, underscore Wendy’s commitment to transparency and mitigating its climate impact. To make these cuts, Wendy’s will work throughout its System, including company operations, and cooperatively with franchisees and suppliers. Compared to a 2019 base year, by 2030, Wendy’s goal is to reduce: absolute Scope 1 and 2 GHG emissions by 47%, Scope 3 GHG emissions intensity by 47% per metric ton of purchased goods, Scope 3 GHG emissions intensity by 47% per franchise restaurant. Wendy’s estimates that achieving the goal would avoid approximately 7.2 million metric tons of carbon dioxide equivalent. Wendy’s identified two areas of focus for emissions reductions: purchased goods and franchised restaurants.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on WEN:
- Wendy’s price target raised to $28 from $27 at Truist
- Wendy’s downgraded to Hold from Buy at Deutsche Bank
- Wendy’s (NASDAQ: WEN) Stock Soared on Improved Q4 Results
- Wendy’s downgraded to In Line at Evercore, prefers share gainers
- Wendy’s: Role of President, U.S., Chief Commercial Officer to be eliminated
Questions or Comments about the article? Write to editor@tipranks.com