As an outcome of the 2021 climate conference in Glasgow, 136 countries have committed to net zero emissions by 2050 or earlier, while over 30% of the world’s 2,000 largest publicly-traded corporates, including many multinationals in the food and agriculture sector, have also made net zero commitments.
These developments, along with rising prices of carbon credits, mean that the global voluntary carbon market is forecast to be worth US$50 billion by 2030 and US$100 billion by 2050.
In this context, and as part of our commitment to minimize the environmental impact of our business activities, LDC created a dedicated, global Carbon Solutions Platform in September 2021, with teams in Switzerland, China and the US working to accelerate our global decarbonization trajectory.
The Platform is actively collaborating with LDC teams around the world to drive decarbonization in both our own operations and beyond, in our value chains. To fulfill this mission, the Platform works through actions such as use of renewable energy, low carbon fuels, energy efficiency enhancements and investments in nature-based solutions across our supply chains, supported by participation in both compliance and voluntary carbon credits markets.
The Carbon Solutions team works closely with LDC’s Safety, Health and Environment (SHE) team and all its platforms to calculate our Scope 1, 2 and 3 emissions footprint and set science-based emissions reduction targets for the Group.
To ensure that carbon best practice becomes an integral part of doing business, as well as a value driver and competitive advantage for LDC, the Platform aims to:
“Having established a team that collectively has over 80 years of experience, we are well-positioned to drive forward LDC’s decarbonization journey through innovative solutions and projects across supply chains, individually and in collaboration with industry peers, customers, suppliers, climate experts and other like-minded partners working to shape a sustainable and net-zero economy.”Nyame de Groot
Head of Carbon Solutions
The Platform is building a portfolio of carbon reduction and removal projects across a wide spectrum of techniques and technologies:
You may also be interested in
Sustainability
We took an important step in our decarbonization journey, and progressed in shaping increasingly traceable and sustainable agricultural value chains.
Strategic Partnerships
We welcomed ADQ into our shareholder group, while forging new alliances and reinforcing existing partnerships in pursuit of our transformational growth strategy.