ENERGY and GREENHOUSE GAS EMISSIONS (GHG)

We recognize the importance of reducing our energy use and our greenhouse gas emissions (GHG).

We are strongly committed to responsible environmental practices. As such, we are continuously seeking ways to reduce GHG emissions and to improve energy efficiency. Our goal is to pursue growth as a world-class dairy processor, while striving to minimize the environmental impacts of our activities.

As a result of the acquisition of the activities of Murray Goulburn in Australia, our energy intensity increased by 10% and our CO₂ intensity increased by 19% compared to FY2018. This was mainly due to energy-intensive production and the fact that CO₂ emissions associated with electricity production are significantly higher in Australia, as compared to the other countries where we operate.

Further information about our GHG emissions is available as part of our CDP Climate submission on www.cdp.net