FRESH DEL MONTE PRODUCE INC.

(FDP)
  Report
Real-time Estimate Cboe BZX  -  05/25 12:52:28 pm EDT
24.32 USD   +2.47%
05/17FRESH DEL MONTE PRODUCE INC. : Ex-dividend day for
FA
05/11Perrigo Reports Mixed First-Quarter Results, Raises Full-Year Outlook
MT
05/11Former Fresh Del Monte Executive Joins Perrigo as CFO
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Fresh Del Monte Commits to Reducing Scope 1, 2 and 3 Greenhouse Gas Emissions by 2030 Ahead of COP26

11/04/2021 | 08:32am EDT

Company among the first agricultural producers to have emission targets approved by the Science Based Targets initiative

Fresh Del Monte Produce Inc., one of the world’s leading vertically integrated producers, distributors, and marketers of fresh and fresh-cut fruits and vegetables, announced today that its emissions reduction targets were approved by the Science Based Targets initiative (SBTi) as consistent with the levels required to meet the goals of the Paris Agreement. The 27.5% reduction target covers greenhouse gas emissions from the company’s operations (scopes 1 and 2) and is consistent with reductions required to keep global warming to well-below 2°C.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211104005109/en/

Fresh Del Monte Commits to Reducing Scope 1, 2 and 3 Greenhouse Gas Emissions by 2030 Ahead of COP26 (Photo: Business Wire)

Fresh Del Monte Commits to Reducing Scope 1, 2 and 3 Greenhouse Gas Emissions by 2030 Ahead of COP26 (Photo: Business Wire)

Fresh Del Monte’s 12.3% reduction target for emissions from its value chain (scope 3) including emissions from purchased goods and services, upstream transportation and distribution, waste generated in operations and employee commuting meet the SBTi’s criteria for ambitious value chain goals, meaning they are in line with current best practice.

“We’re thrilled to receive approval of our emissions reduction targets by the Science Based Targets initiative, which furthers our commitment to protect the health of our planet today and for future generations,” said Hans Sauter, Chief Sustainability Officer and SVP of Research & Development at Fresh Del Monte. “The food system is a vital area for climate action and we hope to lead by example and inspire others in the industry to make the commitment toward this much needed change.”

As the first global marketer of fruits and vegetables to commit to the initiative in 2020, this is a significant milestone for Fresh Del Monte as only a few agricultural producers have developed emissions reduction targets grounded in climate science. Last year, 63% of the company’s capital expenditures benefitted climate action. To help manage its emissions, water, and waste, the company also created a proprietary new environmental action tool and database to track data facility by facility, covering 100% of Fresh Del Monte’s global operations.

Sauter will join industry leaders in a panel discussion on “Sustainable and Regenerative Agriculture at the Center of Development Strategies - Challenges and Opportunities,” at the United Nations Climate Change Conference (COP26) and the Convention on Biological Diversity (COP15) in Glasgow, United Kingdom.

You can learn more about Fresh Del Monte’s sustainability efforts at freshdelmonte.com/sustainability and about the Science Based Targets initiative at https://sciencebasedtargets.org/.

ABOUT FRESH DEL MONTE

Fresh Del Monte Produce Inc. is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Africa and the Middle East. Fresh Del Monte markets its products worldwide under the DEL MONTE® brand (under license from Del Monte Foods, Inc.), a symbol of product innovation, quality, freshness and reliability for over 135 years. The Company also markets its products under the MANN™ brand and other related trademarks. Fresh Del Monte Produce Inc. is not affiliated with certain other Del Monte companies around the world, including Del Monte Foods, Inc., the U.S. subsidiary of Del Monte Pacific Limited, Del Monte Canada, or Del Monte Asia Pte. Ltd. Fresh Del Monte is the first global marketer of fruits and vegetables to commit to the “Science Based Targets” initiative. Fresh Del Monte Produce is traded on the NYSE under the symbol FDP.


© Business Wire 2021
All news about FRESH DEL MONTE PRODUCE INC.
05/17FRESH DEL MONTE PRODUCE INC. : Ex-dividend day for
FA
05/11Perrigo Reports Mixed First-Quarter Results, Raises Full-Year Outlook
MT
05/11Former Fresh Del Monte Executive Joins Perrigo as CFO
MT
05/04FRESH DEL MONTE PRODUCE INC Management's Discussion and Analysis of Financial Conditio..
AQ
05/04Fresh Del Monte Produce Inc. Reports Earnings Results for the First Quarter Ended April..
CI
05/04TRANSCRIPT : Fresh Del Monte Produce Inc., Q1 2022 Earnings Call, May 04, 2022
CI
05/04Fresh Del Monte Produce Reports Lower Q1 Earnings, Net Sales Rise
MT
05/04DEL MONTE : Q1 Earnings Snapshot
AQ
05/04Earnings Flash (FDP) FRESH DEL MONTE PRODUCE Reports Q1 EPS $0.54, vs. Street Est of $0..
MT
05/04Earnings Flash (FDP) FRESH DEL MONTE PRODUCE Reports Q1 Revenue $1.14B, vs. Street Est ..
MT
More news
Financials (USD)
Sales 2022 4 368 M - -
Net income 2022 61,5 M - -
Net Debt 2022 - - -
P/E ratio 2022 18,5x
Yield 2022 -
Capitalization 1 135 M 1 135 M -
Capi. / Sales 2022 0,26x
Capi. / Sales 2023 0,25x
Nbr of Employees 40 055
Free-Float 71,3%
Chart FRESH DEL MONTE PRODUCE INC.
Duration : Period :
Fresh Del Monte Produce Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FRESH DEL MONTE PRODUCE INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 23,73 $
Average target price 34,00 $
Spread / Average Target 43,3%
EPS Revisions
Managers and Directors
Mohammad Ahmad Mohammad Abu-Ghazaleh Chairman & Chief Executive Officer
Monica Vicente Chief Financial Officer & Senior Vice President
Hans Sauter VP-Agricultural Services, Corporate R&D
Mohammed Abbas Chief Operating Officer & Executive Vice President
Michael J. Berthelot Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
FRESH DEL MONTE PRODUCE INC.-14.02%1 135
CORTEVA, INC.31.32%44 935
QL RESOURCES BERHAD6.78%2 707
SLC AGRÍCOLA S.A.31.42%2 307
GENTING PLANTATIONS BERHAD22.09%1 673
FGV HOLDINGS BERHAD14.19%1 405