The Hershey Company is a leading American multinational company that operates in the snack food and confectionary sector. Established in 1894 in Pennsylvania, Hershey has grown to become one of the largest chocolate manufacturers in the world, with a presence in over 70 countries. The company's portfolio includes some of the most iconic brands in the industry, such as Hershey's, Reese's, Kit Kat, and Twizzlers.

As a global corporation, Hershey is committed to reducing its carbon footprint and contributing to the decarbonization of the planet. The company has set ambitious goals to reduce its greenhouse gas emissions and transition to renewable energy sources. Hershey's sustainability strategy focuses on four key areas: responsible sourcing, reducing environmental impact, investing in communities, and promoting well-being.

One of the ways Hershey is working towards decarbonization is through corporate energy initiatives. The company has set a goal to reduce its greenhouse gas emissions by 50% by 2030, and to achieve net-zero emissions by 2050. To achieve this goal, Hershey is investing in renewable energy sources and implementing energy-efficient technologies across its operations.

One of the key strategies Hershey is using to transition to renewable energy is corporate power purchase agreements (PPAs). PPAs allow companies to purchase renewable energy directly from a generator, usually a wind or solar farm. Hershey has signed several PPAs in recent years, including a 50 MW wind power agreement in Texas and a 20 MW solar power agreement in North Carolina. These agreements will help Hershey to reduce its reliance on fossil fuels and achieve its renewable energy goals.

In addition to PPAs, Hershey is also investing in on-site renewable energy projects. The company has installed solar panels at several of its facilities, including its headquarters in Pennsylvania. These solar installations help to reduce Hershey's reliance on grid electricity and contribute to the company's overall renewable energy portfolio.

Hershey is also working to reduce its environmental impact through energy efficiency measures. The company has implemented a number of initiatives to reduce energy consumption across its operations, such as upgrading lighting systems, optimizing HVAC systems, and improving insulation. These measures not only help to reduce Hershey's carbon footprint, but also result in cost savings for the company.

Hershey's commitment to decarbonization and renewable energy is not only good for the planet, but also for its business. Consumers are increasingly demanding sustainable products and are willing to pay a premium for them. By investing in renewable energy and reducing its environmental impact, Hershey is positioning itself as a leader in sustainability and meeting the evolving needs of its customers.

In addition to its sustainability efforts, Hershey is also committed to investing in the communities where it operates. The company has a long history of philanthropy and has donated millions of dollars to support education, health, and community development initiatives. Hershey's corporate social responsibility programs focus on improving the lives of children and families, particularly in underserved communities.

Hershey's commitment to sustainability and corporate social responsibility has earned the company numerous accolades and recognition. In 2020, Hershey was named to the Dow Jones Sustainability World Index for the seventh consecutive year, recognizing the company's leadership in sustainability. Hershey was also named to the 2020 Fortune Change the World list, which recognizes companies that are making a positive impact on society through their business activities.

In conclusion, The Hershey Company is a leading American multinational company that operates in the snack food and confectionary sector. The company is committed to reducing its carbon footprint and contributing to the decarbonization of the planet. Hershey's sustainability strategy focuses on responsible sourcing, reducing environmental impact, investing in communities, and promoting well-being. The company is investing in renewable energy sources and implementing energy-efficient technologies across its operations, including corporate power purchase agreements and on-site renewable energy projects. Hershey's commitment to sustainability and corporate social responsibility has earned the company numerous accolades and recognition, positioning it as a leader in the industry.