Ocado’s 2040 net-zero targets validated by SBTi

Ocado’s 2040 net-zero targets have been validated by the Science Based Targets initiative (SBTi), which has approved the grocer’s near-term and net-zero science-based targets.

The upmarket online supermarket says it is among the first grocery retailers to have SBTi-validated targets including those originating from forests, land and agriculture (FLAG).

Ocado’s near-term targets are, across energy and industrial, to reduce absolute scope 1, 2 and 3 greenhouse gas (GHG) emissions 42% by 2030 from a 2021 base year. It also aims to have annual sourcing of 100% renewable electricity through 2030.

Near-term FLAG targets include cutting absolute scope 3 FLAG GHG emissions by 30.3% by 2030 (from a 2021 base year). The firm also aims to have no deforestation across its primary deforestation-linked commodities, with a target date of 2025.

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The supermarket’s net zero targets are, across energy and industrial, to cut absolute scope 1, 2, and 3 GHG emissions 90% by 2040 from a 2021 base year.

On FLAG, its net zero targets are to reduce absolute scope 3 FLAG GHG emissions 72% by 2040 from a 2021 base year.

Ocado is aiming to become net zero through its Planet Together strategy. 

“We recognise the importance of achieving our ambitious carbon reduction targets by 2040 and are prioritising action in our highest-emitting areas,” said Ocado Retail senior sustainability manager Laura Fernandez.

“To make net zero a reality, we have a clear plan that includes industry partners, suppliers, customers and colleagues which are integral to our transition journey. Only then, we will be able to transform our business and drive meaningful change.”

In February this year, the Compostable Coalition UK and its advisory members Ocado, M&S and WWF, have reported a five-fold increase in consumers adding compostable packaging to their food waste bins following a new trial.

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