38 METRICS & TARGETS In fiscal 2021, PFG hired Schneider Electric to complete a greenhouse gas inventory for the company. The analysis was inclusive of Scope 1 and Scope 2 emissions. Schneider found the following, using fiscal 2021 as a baseline year (Scope 1 + Scope 2 market-based emissions): 813,566 metric tons of CO 2 e. Based on this inventory, PFG will be establishing an enterprise-wide carbon reduction target by 2022, covering Scope 1 & 2 greenhouse gas emissions. To capture the opportunities pertaining to resource efficiency and the adoption of low-emission energy sources, PFG has established the following goals: • Reduce power consumption intensity by 20% by 2030. • Secure 10% of purchased electricity from renewable sources by 2030. PFG is also actively tracking product-specific climate-related risk through a contracted third party that provides daily, weekly and monthly updates on food commodity risks on a global scale. This data is used to make decisions about the need to diversify sources and/or shift purchasing and product options to meet consumer demand. Changing climate conditions and severe weather disruptions are contributing factors included in the regular risk analysis. PFG understands the importance of tracking and addressing climate-related risks, due to their financial impact and their contribution to business continuity and ESG performance. The company continues to work on enhancing its strategic approach to risk identification and risk management. The work includes developing and deploying metrics and targets to ensure a more focused approach to measuring and tracking climate risks and PFG’s efforts to address them. CONCLUSION