The Mosaic Co., Tampa, on Dec. 9 announced targets to achieve net-zero greenhouse gas emissions in Florida by 2030 and company-wide by 2040. To achieve these targets, Mosaic will emphasize opportunities to reduce Scope 1 and Scope 2 emissions from its operations.
The company believes this is a critical step in managing its own most pressing physical and transition climate risks – such as the threats of carbon pricing and increasingly severe weather – and as a way to be a good steward of the environment, while contributing to a global sustainable food future.
“Environmental responsibility is a defining issue of our time. Mosaic’s net-zero commitment and clear pathway to achieving it demonstrates one of the ways we are doing our part to limit the impacts of climate change and contribute positively to society,” said Mosaic President and CEO Joc O’Rourke.
Mosaic said its significant landholdings position the company to leverage carbon removal through nature-based solutions. As a result, and factoring in the improvements Mosaic can make to its operations, the company does not intend to pursue carbon offset credits at this time.
These targets are in addition to the wide range of 2025 ESG performance targets set last year, including to reduce company-wide GHG emissions and freshwater use per unit of production by 20 percent. In 2020, Mosaic said it made progress toward both goals, achieving a 10 percent reduction in GHG emissions and an 18 percent reduction in freshwater use per unit of production since the baseline was set in 2020.
Though not represented in a formal target, Mosaic is also addressing its Scope 3 emissions by engaging suppliers, partnering in the development of innovative agricultural technologies, and investing in a pipeline of solutions that could ultimately reduce emissions at the farm level.