Restaurant Brands reports emissions reduction, plans further cuts

Restaurant Brands New Zealand (NZX:RBD) has released its 2024 Climate-Related Disclosures, highlighting a 3.3% reduction in total Scope 1 and 2 emissions compared to the 2023 restated base year. While Scope 1 emissions saw a slight increase of 0.2%, Scope 2 emissions decreased by 4.2%, driven by factors like the successful implementation of GridPoint energy optimisation in California stores. The company aims to reduce Group Scope 1 and 2 absolute emissions by 30% by the end of 2030, using 2023 as the base year, and has set a separate target of a 10% reduction in purchased electricity by 2030. The report details ongoing initiatives to reduce fugitive emissions from refrigerants and transition to renewable energy sources. Restaurant Brands did not report any material climate-related physical impacts in the reporting period. The company's ESG framework and transition plan will guide future efforts.