PFG, Dana Both Advance Sustainability Measures
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A leading private carrier and a tier one supplier recently each announced additional sustainability goals.
Performance Food Group Co. agreed to purchase renewable power from a subsidiary of EDP Renewables North America over a 20-year term of the agreement, estimated at 3,000 megawatt-hours annually.
The project is expected to allow PFG to avoid 365 metric tons of emissions annually, which addresses more than 80% of the power usage at its Performance Foodservice–NorthCenter location in Augusta, Maine, according to the Richmond, Va.-based company. The renewable power generated annually by this project represents 2,103 metric tons of avoided CO2 emissions, 206,590 gallons of diesel not consumed, and the equivalent carbon sequestered by 2,746 acres of forest.
As the next step in delivering on our commitment to renewable energy procurement, PFG has announced a community solar... Posted by Performance Food Group on Wednesday, July 7, 2021
“We are excited about this collaboration and how it will help PFG reduce the intensity of our power consumption and increase energy efficiency,” said PFG CEO George Holm.
Performance Food Group ranks No. 7 on the Transport Topics Top 100 list of the largest private carriers in North America.
Among PFG’s climate-related goals is procuring 10% of its consumed power from renewable energy by 2030.
PFG has a nationwide network of more than 100 distribution facilities, thousands of associates and valued suppliers across the country. It markets and delivers food and related products to more than 200,000 locations including independent and chain restaurants, schools, business and industry locations, health care facilities, vending distributors, office coffee service distributors, big box retailers, theaters and convenience stores.
At the same time, Maumee, Ohio-based Dana Inc. announced it will accelerate its plans to reduce scope 1 (direct) and scope 2 (indirect) greenhouse gas emissions by at least 50% by 2030, ahead of its original target of 2035 that was announced in October 2020.
The company has also signed a commitment letter with the Science Based Target initiative to help set the company’s future emissions targets.
Dana has signed a commitment letter with @sciencetargets (SBTi) to validate Dana's Scope 1, 2, and 3 GHG emissions reduction targets. Together, we can make the world a greener place. https://t.co/ExNLMSMNib #sustainability #emissionsreduction pic.twitter.com/jehn0gkl4c — Dana Incorporated (@DanaInc_) July 12, 2021
The initiative is a partnership between the Carbon Disclosure Project, the United Nations Global Compact, the World Resources Institute and the World Wide Fund for Nature.
“The mobility industry is positioned to not only deliver products that are designed to reduce emissions during operation, but also to manufacture vehicle systems using business practices that further advance a greener world,” said James Kamsickas, Dana CEO, in a release. “We believe that leading the way in sustainability is critical to supporting our customers and directly aligns with our leadership in electrification.”
Kamsickas
Dana is a supplier to light vehicles, commercial vehicles and off-highway equipment. Its products enable the propulsion of conventional, hybrid and electric-powered vehicles, and it equips its customers with drive and motion systems; electrodynamic technologies; and thermal, sealing and digital solutions.
Dana Inc. reported higher first-quarter net income and revenue and noted its once-shutdown end markets have recovered.
For the period ended March 31, Dana posted net income of $68 million, or 48 cents per diluted share. That compared with $38 million, 40 cents, a year earlier.
Quarterly revenue totaled $2.26 billion compared with $1.93 billion in the same period of 2020, representing a $337 million improvement driven by strong customer demand and the conversion of sales backlog.
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