Connect with us

Impact Investing

Lidl Strengthens Commitment to Climate: Net Zero Target by 2050

Lidl aims for net zero emissions by 2050 across all business units and supply chains, targeting a 42.4% reduction in agricultural emissions and 35% in energy by 2034. Collaborating with suppliers, Lidl has already cut 52% of operational CO2 emissions and uses 100% renewable energy in its stores, logistics centers, and headquarters.

Published

on

Supermarket chain Lidl has committed to achieving net zero by 2050 across all its business units and supply chains. In line with this goal, the company will reduce its greenhouse gas emissions as close to zero as possible, also considering Scope 3 emissions, i.e. those related to Lidl’s upstream and downstream value chain, which generates over 90% of the brand’s total emissions.

And in order to chart a course towards “zero emissions”, Lidl has expanded its climate protection strategy by introducing new concrete objectives specifically related to Scope 3: by 2034, in fact, the company aims to reduce its greenhouse gas emissions from agriculture, forestry and other land uses by 42.4% (“FLAG emissions”) and those related to the energy and industrial sectors by 35% (“E+I emissions”).

To this end, the company is committed to strengthening its collaboration with partners and suppliers. In particular, Lidl requires the most important suppliers, responsible for 75% of the Scope 3 emissions related to the production of products, to define concrete reduction targets by 2026 based on the Science Based Targets Initiative (SBTi).

Goals achieved by Lidl

To date, the company has saved 52% of its operational CO2 emissions ( Scope 1 and 2). The use of renewable energy has contributed in particular to this: since March 1st, 2022, in fact, Lidl has been using 100% renewable energy for its stores, logistics centres and headquarters in all countries where it operates.

In addition, other measures have also been successfully implemented, such as the gradual implementation of natural refrigerant gases for cooling products in the sales area; the replacement of traditional heating systems with heat pumps; the choice not to transport fruit and vegetables by air; the expansion of the range of alternative plant-based products under the own Vemondo brand; the expansion of the logistics fleet, for supplying the points of sale, with means of transport powered by alternative fuels to diesel and with the introduction of nitrogen-refrigerated semi-trailers.

“Acting responsibly is our way of renewing our quality promise every day: offering customers selected products at an affordable price, which are also environmentally friendly and in line with our climate objectives,” said Alessia Bonifazi , Head of Communications and CSR at Lidl Italia, “We are aware that climate change is one of the greatest challenges of our time, but we are certain that through ambitious objectives and concrete actions we will be able to do our part to guarantee tangible solutions.”

__

(Featured image by Marjan Blan via Pexels)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in ESG NEWS. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us

Jeremy Whannell loves writing about the great outdoors, business ventures and tech giants, cryptocurrencies, marijuana stocks, and other investment topics. His proficiency in internet culture rivals his obsession with artificial intelligence and gaming developments. A biker and nature enthusiast, he prefers working and writing out in the wild over an afternoon in a coffee shop.