GlobeNewswire by notified

Ahold Delhaize brings net-zero target forward to 2040 for direct carbon emissions

Share

Zaandam, the Netherlands, November 12, 2021 – Ahold Delhaize believes it is imperative that it achieves decarbonization of its business and partners to enable a 1.5°C-future. Ahold Delhaize and its brands commit to reach net-zero carbon emissions across their operations by no later than 2040 (scope 1 and 2) and to becoming net-zero businesses across its entire supply chain, products and services no later than by 2050 (scope 3). Further, Ahold Delhaize has joined the Business Ambition for 1.5°C, a global coalition of UN agencies, business and industry leaders, in partnership with the Science Based Targets initiative (SBTi) and the UN led campaign ‘Race to Zero’.

In the past years, Ahold Delhaize and its brands have worked towards a net-zero scenario by 2050 and have taken a systems approach to building a climate strategy based on Science Based Targets. It has conducted in-depth research on the impact of climate change following recommendations from the Taskforce Climate Related Financial Disclosure (TCFD).

Frans Muller, CEO Ahold Delhaize, says: “As a 150-year-old company, we are committed to do our part and ensure we can keep serving our customers and communities in a responsible way for the next 150 years. We believe we are taking the right steps, through stakeholder feedback and third-party recognition like the Dow Jones Sustainability Index, ranking us in the top 10% of companies and from MSCI, recently upgrading Ahold Delhaize from an ‘A’ to an ‘AA’ ESG rating.”

Scope 1 and 2 reduction levers
Ahold Delhaize’s current target is to reduce carbon emissions from its brands’ own operations by 50% by 2030 (2018 baseline). Key considerations are:

  • More than half of the carbon emissions come from energy consumption
  • More than one third of carbon emissions come from refrigeration systems
  • Less than 10% of carbon emissions originate from transport

Therefore, the Ahold Delhaize brands continue to improve their own operations as follows:

  • Replacing or retrofitting refrigerator systems with lower greenhouse gas alternatives, installing natural/hybrid systems and minimizing leakage from all systems
  • Accelerating the switch to renewable power, with a number of brands using 100% renewable electricity by 2023
  • Building and remodeling stores in the most energy efficient way: installing LED lighting, adding doors to refrigerators and improving insulation
  • Switching to low carbon heating, including heat pumps and heat recuperation
  • Converting the light and heavy transportation fleet to zero-carbon alternatives including battery electric vehicles (BEV), and leveraging route optimization technology and improved fill mechanism to reduce overall energy use
  • Applying an internal carbon price model into investment proposals from its local brands

Collaborating with the value chain to address scope 3
Ahold Delhaize and its brands have committed to long-term science-based targets to reach a net-zero value chain by 2050 and will advocate towards its value chain to build carbon emission reduction plans consistent with a 1.5°C degrees scenario. The biggest opportunity to reduce carbon emissions in scope 3 can be made in agriculture, where Ahold Delhaize brands focus on partnering with farmers in this transition, by incentivizing sustainable change through longer term contracts with concrete environmental requirements and co-investments on their farms. A detailed plan for scope 3 will follow within the next 12 months.

Daniella Vega, Global Senior Vice President Health & Sustainability: “Ahold Delhaize’s local brands work with thousands of farmers and suppliers who create hundreds of thousands of products. We consider this a huge responsibility and a huge opportunity. The brands can drive supplier engagement and work with them to protect and restore forests and other eco-systems.”

Ahold Delhaize’s Health and Sustainability strategy is built around the idea that the health crisis and the climate crisis are inextricably linked. Healthier food choices are more often than not, better planetary choices. A more balanced diet and more sustainable shopping baskets help reduce carbon emission, improve soil health, mitigate deforestation and increase biodiversity.

For a complete overview of Ahold Delhaize’s health & sustainability achievements and targets, please visit: https://www.aholddelhaize.com/sustainability.

-Ends-


Cautionary notice
This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as 2040, believes, achieves, to enable, future, commit(ted), becoming, no later than, 2050, further, ambition, ensure, keep, steps, current, target, by, consider(ations), continue, 2023, will, opportunity, focus, change, longer term, within the next 12 months or other similar words or expressions are typically used to identify forward-looking statements.

Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results of Koninklijke Ahold Delhaize N.V. (the “Company”) to differ materially from future results expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the risk factors set forth in the Company’s public filings and other disclosures. Forward-looking statements reflect the current views of the Company’s management and assumptions based on information currently available to the Company’s management. Forward-looking statements speak only as of the date they are made and the Company does not assume any obligation to update such statements, except as required by law.

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

C.K. McWhorter Slams Nelson Peltz For Attempting To Ruin Disney's Luxury Essence and Visionary Future29.3.2024 15:23:03 CET | Press release

PALM BEACH, Fla., March 29, 2024 (GLOBE NEWSWIRE) -- McWhorter, the luminary investor with an eye for luxury, delivers a blistering retort to Nelson Peltz's antiquated views, revealing his profound misunderstanding of Disney's status as a pinnacle of luxury and innovation. With surgical precision, McWhorter exposes Peltz's detachment from diverse communities and insular worldview, highlighting the glaring gap between Peltz's outdated mindset and Disney's forward-thinking ethos. "At 81 years old, Nelson Peltz's understanding of luxury seems frozen in time, much like the era in which he was born," McWhorter declares. "His failure to grasp the true essence of Disney as a luxury brand underscores his limited exposure to diverse perspectives and his residence within the protective bubble of privilege." In a scathing indictment of Peltz's remarks, McWhorter dismantles the notion that Disney's inclusive storytelling is incompatible with luxury, asserting that diversity and representation are

Baltic Horizon Fund consolidated audited results for 202329.3.2024 10:35:00 CET | Press release

Management Board of Northern Horizon Capital AS has approved the audited financial results of Baltic Horizon Fund (the Fund) for the year 2023. The financial results remained unchanged compared to the preliminary disclosure on 15 February 2024. Executing our strategy In a challenging economic landscape characterized by inflation, interest rate volatility, and recent geopolitical events, the Fund has assessed various strategic options to navigate these complexities and ensure future growth. Over the past year, our focus has been on reshaping our strategy to foster sustainable value, concentrating efforts on avenues that promise reliable and consistent growth for our investors. In light of prevailing market conditions, we firmly believe that the execution of the ‘Modern City Life’ strategy, introduced to investors in summer 2023, is paramount to their best interests. In the coming years, we expect two thirds of the Fund’s NOI to come from the centrally located ‘Modern City Life’ multi-fu

Progress on ABN AMRO share buyback programme 22 – 28 March 202429.3.2024 08:00:00 CET | Press release

Progress on ABN AMRO share buyback programme 22 – 28 March 2024 ABN AMRO reports the transaction details related to its EUR 500 million share buyback programme announced on 14 February 2024. During the week of 22 March 2024 up to and including 28 March 2024 a total of 3,000,000 shares and depositary receipts were repurchased at an average price of €15.47 for a total amount of €46,409,760.00. For detailed information on the daily repurchased shares and depositary receipts, individual share purchase transactions and weekly reports, see the ABN AMRO website at https://www.abnamro.com/en/investor-relations/information/share-buyback-programme. To date the total consideration for shares and depositary receipts repurchased amounts to €279,519,000.00 representing 55.9% of the overall share buyback programme. ABN AMRO Press Office pressrelations@nl.abnamro.com +31 20 6288900ABN AMRO Investor Relations investorrelations@nl.abnamro.com +31 20 6282282 This press release is published by ABN AMRO Ba

Public announcement in accordance with article 7:97, §4/1 of the Belgian Companies and Associations Code (“BCAC”) concerning a capital increase by contribution in kind29.3.2024 07:00:00 CET | Press release

Press release Brussels, 29 March 2024 Regulated information – Inside information Public announcement in accordance with article 7:97, §4/1 of the Belgian Companies and Associations Code (“BCAC”) concerning a capital increase by contribution in kind On 20 November 2023, Orange Belgium SA (the “Company”) received notification from Nethys SA (“Nethys”) of its wish to contribute its 25% + 1 shareholding in VOO Holding SA (“VOO”) to the capital of the Company, provided that such contribution results in Nethys holding at least 11% of the Company's share capital (after contribution), pursuant to the provisions of the shareholders' agreement entered into by and between the Company, Atlas Services Belgium SA (“ASB”) and Nethys on 2 June 2023. Nethys can be considered a “related” party to the Company within the meaning of the IAS standards, as it has significant influence over VOO within the meaning of IAS and VOO is part of the group to which the Company belongs. Date and value of the planned t

McWhorter Foundation Combats Nelson Peltz’s Outdated Ideologies and Advocates for Sustainable Inclusivity In Corporate Leadership29.3.2024 06:59:56 CET | Press release

PALM BEACH, Calif., March 29, 2024 (GLOBE NEWSWIRE) -- C.K. McWhorter, chairman of the McWhorter Foundation, voices concerns over outdated perspectives in corporate leadership, exemplified by recent remarks from Nelson Peltz regarding Disney's film direction. After encountering instances of racism and exclusivity on Town of Palm Beach Island (known as home to Jeffrey Epstein, Nelson Peltz and others), McWhorter reflects on the disconnect between elite boardroom discussions and the realities faced by diverse communities. While briefly meeting Nelson Peltz and shaking hands after both departed separate lunches, McWhorter initially respected his insights. However, recent comments made by Peltz suggesting Disney should avoid inclusive films have raised eyebrows and prompted McWhorter to speak out. "It's concerning when influential figures like Peltz advocate against inclusivity in entertainment," McWhorter comments. "The future is in diversity and representation, especially as millennial a

HiddenA line styled icon from Orion Icon Library.Eye