Potential offtaker

Premier Foods PLC

www.premierfoods.co.uk

Estimated electricity consumption

N/A

Countries of production presence

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Premier Foods PLC is a UK-based food company that specializes in manufacturing and distributing a wide range of food products, including sauces, dressings, and condiments. The company was founded in 1975 and is headquartered in St Albans, Hertfordshire, UK. Premier Foods PLC is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

The company operates in the Sauces, Dressings & Condiments sector, which is a highly competitive market. Premier Foods PLC has established itself as a leading player in this sector by offering high-quality products that meet the changing needs of consumers. The company's portfolio includes some of the most popular brands in the UK, such as Bisto, Oxo, and Sharwood's.

In recent years, Premier Foods PLC has been focusing on decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions and is committed to achieving net-zero emissions by 2040. To achieve this goal, Premier Foods PLC is investing in renewable energy and has implemented a range of energy-efficient measures across its operations.

One of the key initiatives that Premier Foods PLC has undertaken to reduce its carbon footprint is the implementation of a corporate power purchase agreement (PPA). A PPA is a long-term contract between a company and a renewable energy provider to purchase electricity generated from renewable sources. Premier Foods PLC has signed a PPA with a wind farm in Scotland, which will provide the company with renewable energy for the next 15 years. This initiative will help Premier Foods PLC to reduce its reliance on fossil fuels and lower its carbon emissions.

In addition to the PPA, Premier Foods PLC has also implemented a range of energy-efficient measures across its operations. The company has invested in new technologies and equipment to reduce energy consumption and has implemented a range of initiatives to encourage employees to adopt more sustainable practices. These initiatives have helped the company to reduce its energy consumption and carbon emissions, while also saving costs.

Premier Foods PLC is also committed to promoting renewable energy and encouraging other companies to adopt sustainable practices. The company is a member of the RE100 initiative, which is a global initiative that brings together companies committed to using 100% renewable energy. By joining this initiative, Premier Foods PLC has demonstrated its commitment to promoting renewable energy and reducing its carbon footprint.

In conclusion, Premier Foods PLC is a leading player in the Sauces, Dressings & Condiments sector, and is committed to reducing its carbon footprint and promoting sustainable practices. The company has set ambitious targets to achieve net-zero emissions by 2040 and is investing in renewable energy and implementing energy-efficient measures across its operations. By adopting these initiatives, Premier Foods PLC is demonstrating its commitment to promoting a more sustainable future and is setting an example for other companies to follow.

✓ Science Based Targets member
✓ Declared Net Zero commitment