MP Evans Group PLC (AIM:MPE) has reported a fall in annual emissions in the sustainable palm oil firm’s first governance report based on Financial Stability Board guidelines.
Total emissions reduced by 12% between 2021 and 2022, the group said on Wednesday, from 2.7 million to near 2.4 million tonnes of carbon dioxide equivalent.
“Acting responsibly is a core part of the group’s strategy,” chairman Peter Hadsley-Chaplin commented.
“We are focused on the long-term resilience of our operations, and decarbonisation is integral to our future plans.”
AIM-listed MP Evans, which operates six palm oil mills, is targeting a 28% reduction on 2021’s emissions by 2030, stretching to 90% come 2050.
“Some of our sustainable practices have already helped to reduce [...] carbon cost,” MP Evans explained in the report.
“[This includes] only cultivating land suitable for agriculture and having a clear policy of no deforestation, moving towards milling almost all the group’s own crop in group-owned efficient palm-oil mills, and generating green electricity in the group’s biogas facilities.”