Code of practice

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)

Novel 'reward or punish' RCF reflects Scope 1 & Scope 2 emissions

"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

• Greenhouse Gas Protocol