Hershey reduces environmental impact throughout the value chain

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Investments in solar energy are equivalent to taking nearly 79,000 gas-powered vehicles off the road each year

HERSHEY, Pa., November 17, 2022 /PRNewswire/ — The Hershey Company (NYSE:HSY) is making measurable progress on its commitment to combating climate change. Recent initiatives include the launch of a third utility-scale solar project, investments in energy and water optimization, and continued progress in addressing land-use change. As stated in its 2021 ESG report (Environmental, Social and Governance).the candy and snack maker reduced its Scope 1 and 2 emissions by 48 percent and Scope 3 emissions by 18 percent from a 2018 baseline. As part of its science-based goals, Hershey aims to reduce scope emissions 1 and 2 by 50 percent and scope 3 by 25 percent by 2030.

Invest in renewable energy
Hershey and National Grid Renewables announced Hershey’s 140-megawatt Power Purchase Agreement (PPA) for the Copperhead solar and storage project in Falls County, Texas earlier this month. The project is expected to provide an estimate $25 million in direct economic impact during its first 25 years of existence, including the production of new tax revenues, onsite operations jobs and the creation of a charitable fund estimated at $600,000. This is Hershey’s third solar PPA. The company’s second project with National Grid Renewables, Noble Sun & Storage, is located in Denton County, Texas.

“Investments in renewable energy bring us closer to achieving our ambitious science-based goals,” the statement said Mark Klein, Director, Commodities & Specialty Procurement at The Hershey Company. “The impact of these three solar energy projects will be equivalent to taking nearly 79,000* gas-powered vehicles off the road each year.”

Reduce energy intensity and water consumption
At the company’s iconic headquarters Hershey, Dad. and in manufacturing facilities around the world, a $3 million energy optimization investments include systems to report real-time utility usage data for electricity, natural gas and water. Most of these systems will be installed in US facilities by the end of this year and in international facilities in 2023. In 2021, the company also almost invested $1.5 million in highly efficient equipment and adapted working procedures to reduce the use of well water. These recent environmental investments also help to reduce operating costs. 77 percent of the company’s electricity consumption in 2021 was renewable or zero-emission energy. The investment in real-time utility usage data is expected to uncover additional energy savings opportunities and help reduce the company’s energy intensity by approximately 10 percent over the next five years.

Fighting deforestation with climate-smart cocoa practices
Addressing land use change is an important part of Hershey’s climate action plans. The company commits eliminating resource-driven deforestation from its supply chain by 2030. Through its sustainable cocoa strategy Cocoa foreverthe candy and snack maker supports cocoa farmers through education income diversification and climate-smart cocoa practices as the risks of climate change are great for communities in West Africa. In 2021, 41 percent of Cocoa For Good farmers were in Ivory Coast and Ghana were trained in climate-smart cocoa using a curriculum that Hershey helped develop with partners.

Boosting the business by taking action on climate change
Doing the right thing for the environment is not only good for the planet, but also good for business. In addition to reducing operating costs in scopes 1 and 2, minimizing environmental impact and restoring ecosystems conserves and enhances resources while promoting sustainable farming communities for future generations. Throughout the value chain, Hershey is expanding its expertise and working with partners for the long-term success and resilience of those who depend on its business and for the next generation.

“Solving terrifying problems, such as the impacts of climate change, requires collaboration across industries. We are committed to partnering with others to achieve the impact we strive for. We know we don’t have all the answers and our work goes on, but we are proud of the progress made so far,” he said Leigh HornerVice President of Global Sustainability and Corporate Communications at The Hershey Company.

Learn more about the company’s ESG commitments and progress 2021 ESG report released earlier this year.

*Calculated using the U.S. Environmental Protection Agency (EPA) Greenhouse Gas Equivalence Calculator. This calculator uses marginal emission values.

About The Hershey Company

The Hershey Company is located in Hershey, Dad., and is a leading snack company known for bringing good to the world through its iconic brands, remarkable people and enduring commitment to helping children succeed. Hershey has approximately 19,000 employees around the world who work every day to provide delicious, quality products. The company has more than 100 brand names in about 80 countries around the world $8.9 billion in annual revenue, including iconic brand names like From Hershey, from Reese, KitKat®, Jolly Rancher and Ice Breakers, and fast-growing salty snacks, including SkinnyPop, Pirate’s Booty and Dot’s Homestyle Pretzels.

For more than 125 years, Hershey has been committed to operating honestly, ethically, and sustainably. Hershey Founder, Milton Hersheycreated Milton Hershey School in 1909 and since then the company has focused on helping children to be successful.

Visit for more information www.thehersheycompany.com

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