The SBTi has accepted the climate plan objectives of Auchan Retail 2023

April 17, 2023

The SBTi has accepted the climate plan objectives of Auchan Retail.

The objectives of Auchan Retail’s 2030 Climate Plan have just been approved by the international organisation known as the Science Based Target Initiative (SBTi).

This organisation is supported by the Carbon Disclosure Project (CDP), the United Nations Global Compact, the World Resources Institute (WRI), and the World Wildlife Fund (WWF).

Since the year 2020, Auchan Retail has implemented a global strategy that is applicable to all of the countries in which it conducts business, which has resulted in a considerable acceleration of the company’s participation in favour of the environment.

As a result, the corporation devised a strategy to reduce its overall level of carbon emissions in 2021 and implemented it across the board. This led to the establishment of two goals at the beginning of the year 2022:

“One of the most significant battles that Auchan Retail is engaged in is the fight to lessen our impact on the environment by lowering our carbon footprint, preventing the pollution caused by plastics, regenerating biodiversity, and reducing food waste.

The support of the SBTi at the international level has been given to our climate strategy as a result of its acceptance. It reaffirms the robustness and severity of the approach we have adopted and provides support for the efforts of the teams working on this subject across all of our countries and at all levels of the business.”
Chairman and Chief Executive Officer of Auchan Retail, Yves Claude

The strategy that Auchan Retail will use to monitor its greenhouse gas emissions and to reach the reduction targets that were established for the year 2030 has been approved by the SBTi. This clearance confirms that the stated goals and the ways to attain them are consistent with the most recent data that has been collected in the field of climate research.
As a result, Auchan Retail has been accepted into the exclusive club of the most reputable certified agri-food businesses in the world.
-46% of its stores’ emissions (“scopes 1 and 2” compared to 2019) by the year 2030.

i.e. limiting global warming to 1.5 degrees Celsius and reducing emissions related to goods and transportation by 25 percent by the year 2030 (“Scope 3” compared to 2020).

i.e. a rise in temperature that is “well below 2°C”

GSN

Global Supermarket News — globalsupermarketnews

The SBTi has accepted the climate plan objectives of Auchan Retail. — Vignette Auchan x SBti

The SBTi stands for Science-Based Targets initiative, which is a collaboration between the United Nations Global Compact, World Resources Institute (WRI), World Wide Fund for Nature (WWF), and CDP.

The initiative aims to encourage companies to set science-based targets for reducing their greenhouse gas emissions in order to limit global warming to well below 2 degrees Celsius above pre-industrial levels.

To achieve this, the SBTi provides a framework and methodology for companies to develop targets that are in line with the latest climate science, and that are consistent with the goals of the Paris Agreement. The SBTi assesses and approves companies’ targets based on their level of ambition and their alignment with scientific principles.

The SBTi has developed guidelines for companies to set science-based targets in line with different levels of ambition, such as limiting warming to 1.5 degrees Celsius or achieving net-zero emissions by 2050.

Companies that commit to the SBTi and set approved science-based targets are listed on the SBTi website, which provides a public platform for companies to showcase their leadership on climate action.

The Science Based Targets initiative (SBTi) is a collaborative effort between CDP, UN Global Compact, World Resources Institute (WRI), and WWF, which aims to encourage and assist companies to set science-based targets (SBTs) to reduce their greenhouse gas emissions and limit global warming to well below 2 degrees Celsius above pre-industrial levels.

The SBTi provides a framework for companies to develop and implement SBTs that are in line with the latest climate science, and that can help drive the transition to a low-carbon economy. Companies that set and achieve SBTs can demonstrate their commitment to sustainability and climate action, which can help build trust with investors, customers, and other stakeholders.