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Costa Sustainabiliy Report 2021

Costa Group Holdings Limited, Australia's leading grower, packer and marketer of fresh fruit and vegetables, has released its 2021 Sustainability Report.

Our 2021 Sustainability Report provides key data on our actions across our key Sustainable Commercial Farming pillars of the Environment, Economic, People and Community.

Key highlights in the report include:
• Commitment to achieving net zero carbon emissions by 2050.
• Further reporting under the TCFD framework – identification of short, medium and long term
climate related risks and opportunities.
• Reported metrics – greenhouse gas emissions, energy consumption, total energy produced,
water use by category, total water use, kilograms of produce grown per ML of water used.
• Update on water efficiency and renewable energy projects.
• Initiatives to reduce supply chain and packaging waste.
• Health and safety key data.
• People key data.

Costa CEO and Managing Director Sean Hallahan said Sustainable Commercial Farming was integral to Costa's business model and our ability to deliver on our growth strategy and produce superior returns for shareholders.

“Our approach targets the four key pillars of Environment, Economic, People and Community and our Sustainability Report covers our progress in these areas. It recognizes their importance to not only our commercial performance through addressing climate risk by using protected cropping and reducing emissions, improving yield and production efficiency, reducing supply chain waste and being an industry employer of choice, but also the contribution we make to providing millions of people with healthy and nutritious fresh produce in the most sustainable way possible,” Mr Hallahan said.

“Costa has sought to establish a quantitative target which we believe will create long term commercial resilience and will ensure Costa makes a meaningful contribution to addressing the environmental and financial risks of climate change. The result of this is a commitment to achieving net-zero carbon emissions by 2050.

“To assist in progressing towards this commitment, Costa plans to pledge to the Science Based Target Initiative (SBTi) and subsequently work with SBTi to have our emission reduction targets validated and meet the goals of the Paris Agreement.

“Work will be undertaken in 2022 to quantify our major waste streams as a prelude to setting waste
reduction targets commencing from 2023. Costa is targeting all forms of waste in our efforts to
achieve meaningful and lasting reductions in the level of waste we generate.”

View our Sustainability Report 2021.

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