Science Based Targets initiative

Sustainability - environmental policy - greenhouse gas emissions.

(SBTi).

The Science Based Targets initiative is established to:

• Define and promote best practice in emissions reductions and net-zero targets in line with climate science.
• Provide technical assistance and expert resources to organisations who set science-based targets in line with the latest climate science.
• Bring together a team of experts to provide companies with independent assessment and validation of targets.

Ahold Delhaize's emissions goals certified by SBTi

"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
• Net zero
• Renewables
• Revolving credit facility
• Scope 1 emissions
• Scope 2 emissions
• Scope 3 emissions
• Science Based Targets Network (SBTN)
• Streamlined Energy and Carbon Reporting
• Sustainable Development Goals
• Zero emissions

External link

Science Based Targets initiative - What we do