AB Sugar launches first sustainability report
The multinational sugar firm, AB Sugar, has announced its first group-wide sustainability report, revealing targets for 2030.
The report covers carbon pollution and the use of plastics, aiming to reduce emissions and water use by 30% and ensure all plastic packaging is reusable, recyclable or bio-degradable by the deadline, as a response to consumer concerns.
The commitments are part of the CSR framework, dubbed “Global Mind, Local Champion”, which will work with approximately 25,000 growers.
“Our ambitious 2030 commitments are an industry first and the next step in our journey to becoming the world’s leading sustainable sugar business,” stated Mark Carr, CEO of AB Sugar.
“Working across all 10 operational markets our ‘Global Mind, Local Champions’ sustainability framework will help us lessen our footprint and to grow a sustainable future for those around us.”
The company, which employs about 40,000 people spanning across 10 countries, aims to become the world’s leading sustainable sugar business.
It claims it is the first firm in the industry to introduce group-wide goals that target sustainability.
The report also highlights plans within its supply chain, aiming to train professional growers following its net income increase of 166% for Chinese growers in five years.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.