Sharm El-Sheikh, Egypt - Vertical farming company Infarm has announced its science-based targets as part of its commitment to change food systems for good. Infarm, a leading vertical farming company and co-host of the Food Systems Pavilion at COP27, has submitted its climate targets to the Science Based Targets initiative (SBTi), putting it firmly on the pathway to becoming net-zero by 2045. Infarm is the first Vertical Farming company to set science-based targets.
As part of its overall impact vision, Infarm has committed to the following near-term reductions of CO2 emissions against a 2021 base year: By 2030, Infarm is committing to a 42% absolute reduction target for its Scope 1 (direct emissions linked to activities owned or controlled by Infarm), and Scope 2 (indirect emissions linked to the purchase of electricity across Infarm) combined emissions and a 48% intensity reduction target (by tonne of produced plants) for its Scope 3 emissions (indirect emissions linked to upstream and downstream activities in Infarm’s supply chain).
To ultimately reach net-zero by 2045, Infarm is committing to a total reduction of 90% of Scope 1 and 2 emissions against the 2021 base year, and a total intensity reduction of 97% of Scope 3 in the same timeline, with the remaining emissions to be tackled by net-zero aligned, permanent carbon removal technologies.
Sudhanshu Sarronwala, Chief Impact Officer at Infarm: “According to the United Nations, food systems account for over one-third of the global greenhouse gas emissions. Knowing that we have to produce more food than ever before to feed a growing population, we need to act now and drive change in the food systems. Tech-driven companies like Infarm can and need to be the driver of this transition to a resource-efficient and climate-friendly food production.”