View source for Scope 2 emissions

''Sustainability - environmental policy - greenhouse gas emissions.'' 

Scope 2 emissions cover indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by the organisation.

''(Source - Greenhouse Gas Protocol)''


:<span style="color:#4B0082">'''''Novel 'reward or punish' RCF reflects Scope 1 & Scope 2 emissions'''''</span>

:"In 2020, [Ahold Delhaize] built on that step with the launch of a revolving credit facility (RCF) designed to incentivise the maintenance of high ESG standards via a novel ‘reward or punish’ mechanism. 

:Tied intrinsically to the firm’s broader policies on corporate citizenship, the €1bn RCF provides for either a reduced or increased margin, depending on whether the firm’s activities align with three key performance indicators (KPIs) that are core, relevant and material to food retail:

:'''1. Food waste reduction''' Linked to a specific percentage drop in tonnage of waste per every €1m of food sales, in support of UN Sustainable Development Goal 12.3;

:'''2. Carbon emissions reduction''' As measured by a set percentage drop in Scope 1 and Scope 2 CO2-equivalent emissions from the firm’s own operations, aligned with its 2030 goals certified under the Science Based Targets initiative; and

:'''3. Promotion of healthier eating''' As measured by a set percentage of own-brand food sales from healthy products."

:''ACT Deals of the Year Awards 2020 - Ahold Delhaize''


== See also ==
* [[Carbon credits]]
* [[Carbon footprint]]
* [[Carbon-neutral]]
* [[Carbon tax]]
* [[CO2]]
* [[Corporate social responsibility]]
* [[Emissions]]
* [[Environmental concerns]]
* [[Environmental profit and loss]]
* [[Footprint]]
* [[Greenhouse gas]]
* [[Key performance indicator]]
* [[Montreal Pledge]]
* [[Renewables]]
* [[Revolving credit facility]]
* [[Science Based Targets initiative]]
* [[Scope 1 emissions]]
* [[Scope 3 emissions]]
* [[Streamlined Energy and Carbon Reporting]]
* [[Sustainable Development Goals]]
* [[Zero emissions]]


==External link==
* [https://ghgprotocol.org/sites/default/files/standards/ghg-protocol-revised.pdf Greenhouse Gas Protocol]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]