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Sustainable Solutions for Cold Foods

Kraft Heinz Company Moves Toward Renewable Energy

Company aims to procure the majority of its electricity from renewable sources by 2025

KraftHeinzLogo.jpg

Following a thorough evaluation of potential strategic transactions, Kraft Heinz has determined that separating into two standalone companies, “Global Taste Elevation Co.” and “North American Grocery Co.”, offers the most compelling opportunity to unlock long-term value for all Kraft Heinz shareholders.

July 6, 2022

The Kraft Heinz Company announced a virtual power purchase agreement with BHE Renewables, a Berkshire Hathaway Energy business, for its operations within the United States, which make up the largest part of the company’s North America zone. This agreement is designed to enable Kraft Heinz to achieve its aspiration of procuring the majority of its electricity from renewable sources by 2025, a key focus area of the company’s net-zero emissions plans.

BHE Renewables is a wholly owned subsidiary of Berkshire Hathaway Energy that owns and operates over 4,000 megawatts of renewable resources across the United States. The company owns solar, wind, geothermal and hydroelectric projects that produce energy from noncarbon resources to reduce the environmental impacts of energy creation and meet the varying needs of customers.

“As one of the world’s largest food and beverage companies, we are committed to contributing to global efforts to reduce the ongoing threat of climate change," said Kraft Heinz CEO and Board Chair Miguel Patricio. “In 2020, we committed to buy the majority of our electricity from renewable sources by 2025. This agreement with BHE Renewables helps put us on track to accomplish that aspiration and brings us one step closer to achieving net zero emissions by 2050.”

By the end of 2022, Kraft Heinz plans to purchase enough renewable energy from BHE Renewables to offset more than 15% of the energy usage at its U.S. manufacturing sites; and by the end of 2025, this amount is expected to increase to approximately 60%. The renewable energy is planned to come from BHE Renewables’ 158-megawatt Gopher Creek wind farm in Scurry County, Texas.

This agreement is the latest in a series of renewable energy initiatives by the company, including solar projects at three Kraft Heinz manufacturing sites in China – Qingdao, Foshan, and Shanghai – which are expected to prevent approximately 2,000 tons of carbon dioxide from entering the atmosphere each year for the next two decades.

About The Kraft Heinz Company
We are driving transformation at The Kraft Heinz Company, inspired by our purpose, Let’s Make Life Delicious. Consumers are at the center of everything we do. With 2021 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of six consumer-driven product platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. 

 

KEYWORDS: energy conservation Kraft Heinz renewable energy

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