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    BXB   AU000000BXB1


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Brambles : Becomes a Carbon Neutral Operations Company

06/23/2021 | 10:02am EDT

The supply chain solutions expert has brought its net CO2 emissions to zero, a significant step towards 2025 sustainability targets

Brambles, the global supply chain solutions company operating in 60 countries through the CHEP brand, announced in Sept. 2020 the successful completion of its five-year sustainability program and the launch of an even more ambitious one, aimed at pioneering regenerative supply chains. This new program includes the commitment to a 1.5°C degree climate future aligned with the Paris Agreement and a science-based carbon emissions target for its supply chain.

As part of this objective, Brambles is pleased to announce it has become carbon neutral in all operations. This means the company’s net CO2 emissions have been brought down to zero across the scope 1 (direct emissions generated from the burning of fuel) and scope 2 (indirect emissions resulting from the production of electricity that is purchased) of the standardized Greenhouse Gas (GHG) Protocol.

Becoming carbon neutral in scopes 1 and 2 is the first step toward the ambitious and more challenging decarbonization of Brambles’ entire supply chain, which would involve also the emissions generated by subcontractors’ operations (scope 3). To do so, the company will set a science-based Target1 for emissions in its direct control and supply chain.

“I could not be prouder of this milestone,” Brambles’ CEO, Graham Chipchase, says. “But the work does not stop here. The real challenge lies ahead of us in advocating for our customers and suppliers to become carbon neutral in their operations, too. We will extend and build new partnerships with them to leverage the circular economy with the best available low and zero-carbon products and services to decarbonize our entire supply chain.”

Carbon compensation and renewal energy

As a pioneer of the circular economy, Brambles has reduced carbon emissions for over 70 years, including a significant reduction between 2015 and 2020., Despite the company’s leadership position in carbon emissions, reaching net zero emissions can only be achieved with the help of carbon compensation initiatives. That’s why Brambles has now offset the remaining emissions that can’t be eliminated by investing in reforestation projects, such as the rehabilitation of degraded grasslands in Uruguay through reforestation, which generates high quality Verified Carbon Standard (VCS)-certified carbon credits.

Moreover, Brambles recently joined the World Economic Forum’s 1t.Org Corporate Alliance, a cross-industry community of companies aimed at conserving, restoring and growing 1 trillion trees by 2030.

Another key driver to bring net emissions down to zero is by purchasing renewable energy. Over recent years, Brambles has made great efforts to directly purchase renewable electricity in many of its regions, and achieved over 70% of its energy from renewable sources in 2020. For the remaining energy, the company purchases Energy Attribute Certificates (EACs) across the globe. These certificates verify that a certain number of megawatt-hours of electricity were generated and fed into the grid from renewable sources.

Notes to editors

Learn more about Brambles’ 2025 sustainability targets on: https://brambles.com/2025-sustainability-targets

About Brambles Limited (ASX:BXB)

Brambles helps move more goods to more people, in more places than any other organization on earth. Its pallets and containers form the invisible backbone of the global supply chain and the world’s biggest brands trust us to help them transport their goods more efficiently, sustainably and safely. As pioneers of the sharing economy, Brambles created one of the world's most sustainable logistics businesses through the share and reuse of its platforms under a model known as ‘pooling’. Brambles primarily serves the fast-moving consumer goods (e.g. dry food, grocery, and health and personal care), fresh produce, beverage, retail and general manufacturing industries. The Group employs approximately 12,000 people and owns approximately 330 million pallets and containers through a network of more than 750 service centers. Brambles operates in approximately 60 countries with its largest operations in North America and Western Europe. For further information, please visit www.brambles.com

1 Science-based targets show companies how much and how quickly they need to reduce their greenhouse gas (GHG) emissions to prevent climate change.

ę Business Wire 2021
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Financials (USD)
Sales 2022 5 509 M - -
Net income 2022 554 M - -
Net Debt 2022 2 272 M - -
P/E ratio 2022 20,7x
Yield 2022 2,91%
Capitalization 11 399 M 11 381 M -
EV / Sales 2022 2,48x
EV / Sales 2023 2,36x
Nbr of Employees 12 000
Free-Float 99,2%
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Graham Andrew Chipchase Chief Executive Officer & Director
Nessa Ita O'Sullivan Chief Financial Officer & Executive Director
John Patrick Mullen Non-Executive Chairman
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