Hershey : 2024 Quantis Verification Statement
HSY
Published on 06/12/2025 at 17:12
Greenhouse Gas, Energy, Water, and Waste Verification Statement
Prepared for: The Hershey Company
Prepared by: Quantis US May 22, 2025
Greenhouse Gas Emissions
The inventory of Greenhouse Gas emissions from selected Scope 3 categories, for The Hershey Company, has been verified for the reporting year 2024, by Quantis according to ISO 14064-3, as detailed below:
Year
Scope
Category
GHG Emissions (MT CO2e)
2024
Scope 3
Category 1 - Purchased goods and services
5,333,992
Category 2 - Capital Goods
127,600
Category 3 - Fuel and energy related activities
109,186
Category 4 - Upstream transportation
320,793
Category 5 - Waste generated in operations
31,539
Category 6 - Business travel
25,445
Category 7 - Employee commuting
25,898
Category 9 - Downstream transportation and distribution
317,855
Category 12 - End of life of sold products
87,111
Total Scope 3 Footprint
6,379,418
Emissions Intensity
The inventory of Scope 3 carbon emissions intensity has been verified for the reporting year 2024 by Quantis, as detailed below:
Year
KPI
Quantity
Unit
2024
Scope 3 - Carbon Emissions Intensity
6.292
(MT CO2e /MT product produced)
Water KPIs
The inventory of total water withdrawal, percentage of total water use that is purchased, percentage of total water that is groundwater, water discharge, water consumption, water intensity, and percentages of water withdrawn and consumed in regions of high (40-80%) and extremely high (>80%) baseline water stress respectively, has been verified for the reporting year 2024 by Quantis, as detailed below:
Year
KPI
Quantity
Unit
2024
Total water withdrawal
4,679
Million liters
% of total water - groundwater withdrawal
42
%
% of total water - purchased
58
%
Total water discharge
3,612
Million liters
Total water consumption
1,067
Million liters
Total Water intensity from manufacturing facilities
3.06
L/kg product produced
% of water withdrawn from regions of extremely high baseline water stress
5.2
%
% of water withdrawn from regions of high baseline water stress
7.4
%
% of water consumed from regions of extremely high baseline water stress
10.9
%
% of water consumed from regions of high baseline water stress
23.5
%
Waste KPIs
The inventory of waste categories disposed and enterprise-wide waste intensity in operations has been verified for the reporting year of 2024 by Quantis, as detailed below:
Year
KPI
Quantity
Unit
2024
Total non-hazardous waste generated
119,405
Metric tons
Total waste reused and recycled
82,245
Metric tons
Total recycled
35,886
Metric tons
Total stock feed
46,210
Metric tons
Total composted
149
Metric tons
Company-wide waste recycling rate
69
%
Waste to energy (incineration)
11,439
Metric tons
Waste to trash (landfill)
25,721
Metric tons
Hazardous waste
182
Metric tons
Waste intensity
0.12
MT waste generated / MT product produced
Authorized by
Xiaoming Xu, PhD
Sustainability Expert, Quantis US Verification Statement Date: May 22, 2025
Quantis USA
66 Long Wharf, 2-West, Boston, MA 02110 Tel: +1 857-239-9290
Email: [email protected]
Brief description of the Verification Process
Quantis has been commissioned by The Hershey Company for verification of The Hershey Company greenhouse gas emissions, from selected Scope 3 categories for the 2024 reporting year, against the GHG Protocol. Quantis also reviewed relevant energy, water, and waste KPIs for the 2024 reporting year. The verification was based on the verification scope, objectives, and criteria as agreed between The Hershey Company and Quantis.
Roles and Responsibilities
The management of The Hershey Company is responsible for supplying relevant activity data and emission factors, as well as the calculations of GHG emissions information and the reported GHG emissions.
It is Quantis' responsibility to express an independent verification opinion on the GHG emissions as provided by The Hershey Company for the period 1st January 2024 to 31st December 2024.
Objectives and Criteria
The purposes of this verification exercise are, by review of objective evidence, to independently review:
Whether the GHG emissions are as declared by The Hershey Company.
Whether energy, water and waste KPIs are as declared by The Hershey Company.
Whether the data reported are accurate, complete, consistent, transparent, relevant and free of material error or omission and compiled in accordance with The Hershey Company's described methodology.
Level of Assurance
Quantis undertook the verification assessment with the aim to provide a limited level of assurance for selected Scope 3 categories listed below, as well as water and waste inventory KPIs for The Hershey Company operations.
Scope
Emission sources verified were from CO2-e arising from The Hershey Company's Scope 3 emissions from reporting year 2024. The following Scope 3 categories were included:
Fuel & Energy Related Activities In Scope
Waste Generated in Operations In Scope
Employee Commuting In Scope
End of Life Treatment of Products In Scope
Upstream Leased Assets Out of Scope
Processing of Sold Products Out of Scope
Use of Sold Products Out of Scope
Downstream Leased Assets Out of Scope
Franchises Out of Scope
Investments Out of Scope
Note: Scope 3 categories that are "Out of Scope" are excluded from Hershey's GHG inventory because they're not materially applicable to the footprint
Conclusion
Based on the data and information provided to Quantis and the processes and procedures conducted by Quantis, there is no evidence to suggest that the GHG emissions for the reported Scope 3 categories, as well as selected water and waste KPIs, are not materially correct and are not a fair representation of provided data and information based on the calculation methodologies utilized.
Disclaimer
The Hershey Company published this content on June 12, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 12, 2025 at 21:11 UTC.