- Pringles® and Pop-Tarts® maker
continues to make progress on renewable electricity
transformation
- Announcement represents significant step as part of
Kellanova's Better Days Promise to advance sustainable and
equitable access to food
CHICAGO, Jan. 30,
2024 /PRNewswire/ -- Kellanova (NYSE: K), formerly
known as Kellogg Company, a global snacks-led powerhouse, is
pleased to announce that the maker of Cheez-It®
and Rice Krispies Treats® is on track to reach
its goal of creating a climate-positive future, including achieving
100 percent renewable electricity in global Kellanova-owned
manufacturing facilities by the end of 2030. This step forward is
part of Kellanova's Better Days™ Promise.
90 percent renewable electricity in North America
Today, we are proud to
share that our Kellanova-owned North
America manufacturing operations* will achieve 90 percent
renewable electricity by the end of 2024 through a previously
signed virtual power purchase agreement (VPPA). In 2021, the
company signed a long-term wind energy VPPA in North America
for approximately 360 gigawatt hours of wind electricity annually.
The wind farm, located in north central Texas, adds clean energy resources to the
community's local grid that is equal to 90 percent of the volume of
electricity used across Kellanova's North American manufacturing
facilities.
"Today's announcement is a big step toward achieving our Better
Days Promise goal of 100 percent renewable electricity across our
global manufacturing facilities by the end of 2030," said
Janelle Meyers, chief sustainability
officer, Kellanova. "As a global food company, we have a
significant role to play in helping to reduce reliance on limited
energy sources across our value chain and creating a positive
impact for people and the planet."
Renewable electricity across the globe
Globally, by
the end of 2030 Kellanova aims to achieve 100 percent renewable
electricity across owned manufacturing plants through a variety of
programs, on-site, VPPAs and renewable energy certificates
(RECs)—and has made significant progress to that end:
- In Europe, Kellanova's
manufacturing facilities have recently achieved 100 percent
renewable electricity to address its operations through the
purchase of RECs. Kellanova's European manufacturing facilities
have been purchasing RECs since 2016. In addition, the company is
in the early stages of a research program partnership with the U.K.
government to establish the potential use of green hydrogen as an
alternative to natural gas for Kellanova manufacturing facilities
in the country.
- In its Asia, Middle East and Africa region, Kellanova has grown the share
of renewable electricity from 1 percent in 2018 to 33 percent in
2023 through a variety of solutions, such as the use of solar
panels in our owned facilities in India, South
Africa, Thailand and
Malaysia.
- In Latin America, Kellanova's
facility in Colombia sources 100
percent renewable electricity through hydroelectric energy.
Kellanova measures greenhouse gas emissions and renewable
electricity in accordance with the Greenhouse Gas Protocol. The
company will report on 2024 progress against its Better Days™
Promise commitments in its social and environmental report, which
will be issued in 2025.
*Kellanova North America manufacturing operations encompass
facilities in the United States,
Canada and one facility in
Mexico.
About Kellanova
Kellanova (NYSE: K) is a leader in
global snacking, international cereal and noodles, and North America frozen foods with a legacy
stretching back more than 100 years. Powered by differentiated
brands
including Pringles®, Cheez-It®, Pop-Tarts®, Kellogg's
Rice Krispies
Treats®, RXBAR®, Eggo®,
MorningStar Farms®, Special
K®, Coco
Pops®, and more, Kellanova's
vision is to become the world's best-performing snacks-led
powerhouse, unleashing the full potential of our differentiated
brands and our passionate people.
Kellanova is guided by our purpose to create better days and a
place at the table for everyone through our trusted food brands. We
are advancing sustainable and equitable access to food by
addressing the intersection of hunger, sustainability, wellbeing,
and equity, diversity & inclusion, with the ambition of
creating Better Days for 4 billion people by the end of 2030 (from
a 2015 baseline). Visit www.Kellanova.com for more
information.
Forward-Looking Statements
This news release contains
"forward-looking statements" about sustainability performance and
projects. These statements are made on the basis of the Company's
views and assumptions at this time and the Company undertakes no
obligation to update these statements unless required by law. This
statement is not a guarantee of future performance; and actual
events or results may differ materially from this statement.
Investors should consult the Company's filings with the Securities
and Exchange Commission (including the information set forth under
the caption "Risk Factors" in the Company's Annual Report on Form
10-K for the fiscal year ended December 31,
2022, and the Company's Quarterly Report on Form 10-Q for
the quarter ended July 1, 2023) for
information about certain factors that could cause such
differences. Copies of these filings may be obtained upon request
from the Company's Investor Relations department or on the
Company's web site at https://www.kellanova.com
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SOURCE Kellanova