Universal Corporation, a global agriproducts company, has announced that its Net-Zero greenhouse gas $(GHG)$ emissions target has been approved by the Science Based Target initiative (SBTi). The company aims to achieve net-zero GHG emissions across its value chain by 2050. Intermediate goals include a 45% reduction in absolute scope 1 and 2 GHG emissions by 2030, and a 25% reduction in scope 3 emissions in the same timeframe, using 2024 as a baseline. By 2050, Universal plans to reduce absolute scope 1, 2, and 3 GHG emissions by 90% compared to 2024 levels. Additionally, the company commits to eliminating deforestation linked to its primary commodities by December 2025. These initiatives are part of Universal's broader sustainability strategy aimed at reducing its environmental impact.
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