PITTSBURGH & CHICAGO–(BUSINESS WIRE)–The Kraft Heinz Firm (Nasdaq: KHC) (“Kraft Heinz” or the “Firm”) as we speak introduced a 12-year digital energy buy settlement (“vPPA”) with Repsol, a world multi-energy firm working throughout greater than 20 international locations and based mostly in Madrid, Spain. This settlement is the Firm’s first funding in wind vitality and is designed to assist Kraft Heinz obtain its aspiration of procuring nearly all of its electrical energy from renewable sources by 2025.
Kraft Heinz is predicted to supply over 90 gigawatt hours/yr of renewable vitality from Spanish producer Repsol’s largest wind challenge, Delta II (Aragon, Spain) – equal to powering roughly 90 p.c of Kraft Heinz’s European manufacturing websites, which is almost all of its European load.
The vPPA is predicted to generate sufficient renewable electrical energy to energy roughly 25,000 common EU households per yr at its peak.
“Our settlement with Repsol is a big step in our efforts to cut back the affect of local weather change,” mentioned Rafael Oliveira, Govt Vice President and President, Worldwide Markets at Kraft Heinz. “I’m pleased with this funding in our Worldwide Zone, which we anticipate to contribute to our international aim of reaching web zero emissions by 2050, and decreasing 50 p.c of our emissions by 2030, whereas additionally serving to our trade make the transition to renewable energy.”
In 2021, Kraft Heinz introduced its aim to attain web zero greenhouse fuel emissions throughout its operational footprint (Scope 1 and Scope 2) and full international provide chain (Scope 3) by 2050, reaffirming its dedication to contribute to international efforts to cut back the continuing menace of local weather change.
“This settlement with Kraft Heinz confirms as soon as once more the potential and attractiveness of our renewable belongings for corporations which can be in search of assured protection of their long-term vitality wants and, on the similar time, acquire larger stability, which favors their competitiveness,” mentioned João Costeira, Repsol’s Govt Director of Low Carbon Era.
In December 2019, Repsol was the primary firm in its sector to make a dedication to be carbon impartial by 2050. Renewable energy era is among the pillars of Repsol’s decarbonization technique: the targets of the corporate are 20 gigawatts (“GW”) of put in capability by 2030 and 6 GW by 2025.
Obtain the most recent Kraft Heinz ESG report back to study extra concerning the Firm’s local weather ambitions and progress at www.kraftheinzcompany.com/esg. To study extra about Repsol, go to www.repsol.com/en.
About The Kraft Heinz Firm
We’re driving transformation at The Kraft Heinz Firm (Nasdaq: KHC), impressed by our Goal, Let’s Make Life Scrumptious. Shoppers are on the middle of every little thing we do. With 2021 web gross sales of roughly $26 billion, we’re dedicated to rising our iconic and rising meals and beverage manufacturers on a world scale. We leverage our scale and agility to unleash the complete energy of Kraft Heinz throughout a portfolio of six consumer-driven product platforms. As international residents, we’re devoted to creating a sustainable, moral affect whereas serving to feed the world in wholesome, accountable methods. Study extra about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn and Twitter.
Ahead-Trying Statements
This press launch incorporates a variety of forward-looking statements. Phrases resembling “obtain,” “advance,” “contribute,” “design,” “anticipate,” “procure,” “plan,” “cut back,” “goal,” “will,” and variations of such phrases and comparable future or conditional expressions are supposed to establish forward-looking statements. These statements usually are not historic info and are based mostly on Kraft Heinz’s present beliefs, expectations, estimates, and projections. These forward-looking statements are topic to a variety of dangers and uncertainties, a lot of that are tough to foretell and past Kraft Heinz’s management, which may trigger precise outcomes to vary materially from these indicated within the forward-looking statements. These elements embrace, however usually are not restricted to, Kraft Heinz’s capacity to attain the supposed advantages of the settlement and the chance elements set forth in Kraft Heinz’s filings with the Securities and Alternate Fee, together with Kraft Heinz’s most lately filed Annual Report on Kind 10-Okay and subsequent reviews on Varieties 10-Q and 8-Okay. Kraft Heinz disclaims and doesn’t undertake any obligation to replace, revise, or withdraw any forward-looking assertion on this press launch, besides as required by relevant legislation or regulation.
