Albertsons Companies Commits to Setting Science-Based Target to Reduce Carbon Emissions
April 21 2021 - 9:00AM
Business Wire
Emissions reduction goals will support the
United Nations’ Paris Agreement and a better future
Albertsons Companies (NYSE: ACI) has announced its commitment to
the Science Based Targets initiative (SBTi) and will set an
emissions reduction target that supports the goals of the United
Nations’ Paris Agreement to reduce carbon emissions. Albertsons
Cos.’ emissions reduction goal will align with standards that are
designed to ensure a better future and to prevent the worst impacts
of climate change.
In a recent assessment of priorities for Albertsons Cos.’
Environmental, Social, Governance (ESG) strategy, internal and
external stakeholders rated energy and emissions as high priorities
for the Company to focus on. To support these priorities, leaders
across the enterprise are updating long-term strategic plans to
include opportunities to reduce emissions from Albertsons Cos.’
direct operations and indirect value chain.
Albertsons Cos. will evaluate energy use and procurement,
refrigerants, transportation, and its supply chain to submit an
emissions reduction goal to SBTi for approval. The Science Based
Targets initiative is a partnership between CDP, UN Global Compact,
WRI, and WWF that helps companies take meaningful climate action
through its science-based framework. The framework requires all
emissions reduction goals to support the Paris Agreement’s
objective to limit global warming to well below 2°C above
pre-industrial levels.
“We are passionate about making a meaningful difference in our
neighborhoods and planet and are committed to continuing to reduce
our climate impacts,” said Vivek Sankaran, President and CEO. “The
SBTi framework will guide us in doing our part to minimize our
impact within our own operations and beyond. We look forward to
working with our supply chain partners to address this important
issue.”
Efforts currently underway to measure and reduce emissions at
Albertsons Cos include:
- Emissions Reporting: Emissions are third-party verified
and reported annually to The Climate Registry (TCR) and CDP. TCR
awarded Albertsons Cos. Climate Registered™ Gold status for
leadership in reporting verified emissions.
- Efficiency Projects: Albertsons Cos. implemented
hundreds of energy efficiency projects in 2020 that are estimated
to save more than 2 million metric tons of CO2e annually.
Albertsons Cos.’ Southwest Division was recognized for Sustained
Excellence in the Salt River Project’s 2020 Champions of Energy
Efficiency awards.
- Sourcing Renewable Energy: Albertsons Cos. is one of the
U.S. EPA’s top 30 retail partners for their Green Power Partnership
program. Albertsons Cos. recently expanded its sourcing of
renewable energy to more than 70 locations in Virginia and
Arizona.
These goals will continue to drive innovation within and beyond
Albertsons Cos. to reduce climate impact. For more information,
please visit
https://www.albertsonscompanies.com/our-values/planet.html.
About Albertsons Companies
Albertsons Companies is one of the largest food and drug
retailers in the United States, with both a strong local presence
and national scale. Albertsons Companies operates stores across 34
states and the District of Columbia with more than 20 well-known
banners including Albertsons, Safeway, Vons, Pavilions, Randalls,
Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United
Supermarkets, Market Street, Haggen, Kings Food Markets and
Balducci’s Food Lovers Market.
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Christine Wilcox Christine.Wilcox@albertsons.com
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