Web - R0/G0/B0Carbon Disclosure Projectthe carbon disclosure Project (CDP) is the basis for Noble's climate mitigation efforts. CDP is a not-for-profit organization representing 500+ institutional investor signatories and holds the world's largest database of primary corporate climate change information. The project is a global platform for companies to openly communicate their greenhouses gases emissions and climate change strategy with all stakeholders. In 2011 Noble Group has submitted the first response to the CDP, not just reporting our group-wide greenhouse gas emissions but also reporting on the company's governance structure in regards to climate change issues and the structure and processes of climate change risk management. As part of this response, the target was set to reduce our specific carbon footprint by 10% per tonne of traded product by 2015.Clinton Global InitiativeThe initiative, which Noble joined in 2008, was established by former US-President Bill Clinton in 2005. The concept is to turn ideas into real actions, in response to some of the world's most pressing challenges. Over the years, CGI members have made more than 1,900 commitments, which have already improved the lives of nearly 300 million people in more than 170 countries. When fully funded and implemented, these commitments will be valued at $63 billion.Under this framework Noble Group committed to become a Carbon Neutral Company, through the implementation of activities and measures that reduce GHG emissions and offset the remainder with carbon credits. Noble's commitment is realized in a step by step approach extending the scope of the Noble Group's Carbon Neutral Project across business units.
Sustainable Supply Chains to assure we can achieve our corporate objective of delivering long-term value Noble's supply chains need to be sustainable. The systems Noble employs at our processing sites strive to ensure Noble's business stays competitive and at the same time will help the company to achieve our target of reducing the carbon intensity of traded volumes. Renewable energy complexes All assets Noble Group operates require a reliable and efficient energy supply. The main decisions, also driven by climate change considerations within Noble's business strategy, were related to investments in climate-friendly renewable energy technology in existing as well as in newly acquired/constructed assets. Below please find a few key investments realized more recently which can be highlighted:. In Argentina, Noble invested in biomass-fired cogeneration equipment at our sugar and soybean processing facilities.. In Ukraine, Noble purchased a biomass boiler for our new agricultural processing facility to enable conversion to co-generation in the future.. In Brazil, two biomass boilers (for multiple biomass fuels) were bought for Noble's new oilseeds project in Brazil. Part of this investment also includes the decision to construct a biodiesel plant on the same site.As energy use is unavoidable in the processing of assets, the investments Noble is making now, despite being financially less attractive in the short term, aim to ensure a sustainable solution to heat and power consumption for the company in the future. Carbon Neutral CoffeeAs one of the largest coffee trading companies in Brazil, in 2010 Noble assessed the Carbon Footprint of the Group's coffee supply chains in Brazil to develop a new product - Carbon Neutral Coffee from Brazil. Noble Group sources its coffee from a range of plantations located in the coffee growing regions of Brazil. To allow for a representative Carbon Footprint calculation, Noble collected primary data from farms, a processing and storage facility owned by Noble Group, as well as for the various transportation routes. On the basis of the data received and in line with the standards PAS 2050 and ISO 14044, the calculation was undertaken comprising all the relevant emissions from the farming to the end consumer. The outcome of the assessment showed that the centre of gravity of the emissions caused by the production of coffee is related to the farming stage, followed by overseas transportation and roasting. The calculation was verified by TUEV-Nord to assure its completeness, accuracy and conservativeness.Sustainable Supply Chains