Kraft Heinz Seeks To Reduce Carbon Emissions By Over 99% Across 10 U.S. Plants With Help From A $170M Investment From U.S. Department Of Energy
Portfolio Pulse from Benzinga Newsdesk
Kraft Heinz has been selected to receive up to $170 million from the U.S. Department of Energy to implement clean energy projects at 10 of its U.S. plants, aiming to reduce carbon emissions by over 99% from 2022 levels. This funding supports Kraft Heinz's goal of achieving net-zero greenhouse gas emissions by 2050. The projects will involve installing various technologies like heat pumps and solar panels, expected to create 500 construction jobs. This initiative is part of Kraft Heinz's broader ESG goals and its commitment to environmental sustainability.
March 25, 2024 | 1:12 pm
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Kraft Heinz is set to receive up to $170 million from the U.S. Department of Energy for clean energy projects, aiming to significantly reduce carbon emissions and support its net-zero ambitions by 2050.
The substantial federal funding and the ambitious project to reduce carbon emissions significantly enhance Kraft Heinz's sustainability profile. This move is likely to be viewed positively by investors who prioritize ESG factors, potentially leading to a positive short-term impact on the stock price. The project also demonstrates Kraft Heinz's commitment to innovation and operational efficiency, which could lead to cost savings and improved profitability in the long term.
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