The Hain Celestial Group, Inc.
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The Hain Celestial Group, Inc. is a leading organic and natural products company that operates in the Packaged Food sector in the United States of America. The company was founded in 1993 and is headquartered in Lake Success, New York. The Hain Celestial Group, Inc. is committed to providing consumers with healthy and sustainable food options that are free from artificial preservatives, flavors, and colors.
The Hain Celestial Group, Inc. has a diverse portfolio of brands that cater to different consumer needs. Some of its popular brands include Earth's Best, Terra Chips, Garden of Eatin', and Celestial Seasonings. The company operates in various segments, including grocery, snacks, and personal care.
The Hain Celestial Group, Inc. is committed to reducing its carbon footprint and contributing to the decarbonization of the global economy. The company has set ambitious sustainability goals, including reducing its greenhouse gas emissions by 50% by 2030. The Hain Celestial Group, Inc. is also committed to sourcing renewable energy to power its operations.
One of the ways in which The Hain Celestial Group, Inc. is achieving its sustainability goals is by investing in corporate energy solutions. The company has implemented energy-efficient technologies in its facilities, such as LED lighting and HVAC systems, to reduce its energy consumption. The Hain Celestial Group, Inc. has also installed solar panels at its facilities to generate renewable energy.
In addition to investing in energy-efficient technologies and renewable energy, The Hain Celestial Group, Inc. has also entered into corporate power purchase agreements (PPAs) to source renewable energy. A corporate PPA is a long-term contract between a company and a renewable energy provider to purchase a fixed amount of renewable energy at a predetermined price. By entering into a corporate PPA, The Hain Celestial Group, Inc. can lock in a stable price for renewable energy and reduce its exposure to volatile energy prices.
The Hain Celestial Group, Inc. has entered into several corporate PPAs to source renewable energy. In 2019, the company signed a 10-year PPA with a wind farm in Texas to purchase 100% of the energy generated by the wind farm. The wind farm is expected to generate 50,000 megawatt-hours of renewable energy annually, which is equivalent to the energy consumption of 4,500 homes in the United States.
The Hain Celestial Group, Inc. has also entered into a virtual PPA with a solar project in North Carolina. A virtual PPA is a contract in which a company agrees to purchase renewable energy from a project that is not physically connected to its facilities. The Hain Celestial Group, Inc. will purchase renewable energy certificates (RECs) from the solar project, which represent the environmental attributes of the renewable energy generated by the project.
In addition to investing in renewable energy, The Hain Celestial Group, Inc. is also committed to reducing waste and promoting sustainable packaging. The company has set a goal to achieve 100% recyclable, reusable, or compostable packaging by 2025. The Hain Celestial Group, Inc. is also working to reduce its use of single-use plastics and increase the use of post-consumer recycled content in its packaging.
The Hain Celestial Group, Inc. is a leader in the organic and natural products industry and is committed to sustainability and decarbonization. The company's investments in energy-efficient technologies, renewable energy, and sustainable packaging demonstrate its commitment to reducing its carbon footprint and contributing to a more sustainable future. The Hain Celestial Group, Inc. is an example of a company that is using corporate energy solutions and renewable energy to achieve its sustainability goals and contribute to the decarbonization of the global economy.