Tate & Lyle set to deliver on target of 100% purchased electricity from renewable sources for its global operations

LONDON, UNITED KINGDOM, 13 November 2024: Tate & Lyle PLC (Tate & Lyle), a world leader in ingredient solutions for healthier food and beverages, is pleased to announce that it is set to reach a major milestone in its climate ambition with 100% of the electricity purchased for its manufacturing operations worldwide to come from renewable sources and associated renewable energy credits (RECs). This will deliver on Tate & Lyle’s purchased electricity target, initially set for 2030, more than five years ahead of schedule.   
 
Tate & Lyle is pursuing its renewable electricity goals through a multi-faceted approach: 

• Installing infrastructure for renewable electricity at its sites where feasible. 
• Entering into long-term renewable electricity agreements, such as the 12-year Power Purchase Agreement with Enel North America announced in September. 
• Procuring renewable electricity and RECs from utility providers, such as the agreement with Alabama Power for the sucralose facility in Alabama, US, announced in September. 
• Procuring RECs to cover remaining renewable electricity requirements. 

Achieving 100% purchased electricity from renewable sources and associated RECs will reduce Tate & Lyle’s global Scope 1 and 2 greenhouse gas (GHG) emissions by more than 25% from a 2019 baseline on an annualised basis. In addition, to confirm its long-term commitment to renewable energy, Tate & Lyle has also become a member of RE100, a global corporate renewable energy initiative led by the Climate Group in partnership with CDP, the climate disclosure charity. 

Nick Hampton, Chief Executive, Tate & Lyle said: 
“Climate change is the biggest threat to the world’s long-term future and so it’s vital that companies accelerate the transition to renewable energy. I am proud that Tate & Lyle has now delivered on its commitment to procure 100% of the electricity used by its operations around the world from renewable sources, representing a critical milestone in the decarbonisation of our business.” 

Anna Pierce, Director of Sustainability, Tate & Lyle said:  
“Becoming a member of RE100 is an important part of our sustainability strategy and a clear demonstration of our commitment to invest in renewable electricity. We are proud to join many companies across the world which are taking the lead in mitigating the impact of climate change.” 

These steps are part of Tate & Lyle’s broader sustainability programme to decarbonise its operations. To this end, Tate & Lyle previously announced ambitious GHG emissions reduction targets to be delivered by 2028 that were validated by the Science Based Targets initiative. These GHG targets are consistent with reductions required to limit global warming to 1.5°C above pre-industrial levels and allow Tate & Lyle to deliver a greater emissions reduction at a faster pace. 

For more information on Tate & Lyle’s approach to climate action and its performance, visit https://www.tateandlyle.com/purpose. 

End 

For more information, please contact:  

Maxine Boersma   
Snr. Manager, Corporate Global PR  

Tel. +44 (0)7502 919579  

[email protected]   

____________________________ 

About RE100:  

RE100 is the global corporate renewable energy initiative bringing together hundreds of large and ambitious businesses committed to 100% renewable electricity.