Scope 2 emissions

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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

External link