SBTi validates METRO’s science-based climate targets
The independent Science Based Targets initiative (SBTi) has reviewed and validated METRO AG’s climate targets. The Science Based Targets initiative is widely regarded as one of the leading global standards for corporate climate targets.
For METRO, this means that its emission reduction targets have been validated by the SBTi as being consistent with scientific evidence and the requirements of its target-setting framework and, where required under SBTi criteria, aligned with the 1.5°C target. METRO takes into account all significant emissions, both direct emissions (for example, from its own buildings and vehicles) and indirect emissions generated throughout its supply chain.
METRO has set science-based climate targets aimed at significantly reducing greenhouse gas emissions by 2030 in line with the target pathways validated by the SBTi. In addition, METRO has set the goal of achieving net-zero emissions by no later than 2050.
To achieve this, greenhouse gas emissions are to be substantially and comprehensively reduced both within METRO’s own operations and across its entire value chain. Any residual emissions are intended to be addressed through recognized neutralization measures in line with the Net-Zero criteria of the Science Based Targets initiative.
Why SBTi validation is relevant for HoReCa customers
In wholesale and the HoReCa sector, measuring and reducing CO2 emissions across supply chains is becoming increasingly important. For investors, customers and business partners, SBTi validation provides clear external confirmation that METRO AG’s emissions targets are science-based.
METRO had previously defined and updated its climate targets. With validation by the SBTi, these targets are now internationally comparable.
The inclusion of Scope 3 emissions and FLAG (Forest, Land and Agriculture) targets demonstrates that METRO is not only addressing its own emissions but also emissions in its supply chain and the associated impacts of agricultural activities. Suppliers play a crucial role in this process, as METRO can influence the products themselves only indirectly.
The importance of implementation across the supply chain is highlighted by Britta Gallus, Head of Climate & Carbon at METRO AG:
“Validation by the SBTi confirms that our climate strategy is aligned with our long-term net-zero ambition. The key challenge now is implementation, particularly within the supply chain. With tools such as the Product Carbon Footprint, we create transparency at product level and help our customers better identify opportunities for emissions reductions.”
This is where METRO’s recently expanded Product Carbon Footprint (PCF) approach comes into play. By assessing the CO2 footprint of individual products, transparency is created at product level. As a result, the PCF can make an important contribution to implementing METRO’s SBTi targets, particularly in relation to Scope 3 emissions.
SBTi Insights
What has the SBTi validated at METRO?
The SBTi has validated METRO’s emissions reduction targets, including near-term targets and its net-zero ambition.
What does the 1.5°C alignment mean in concrete terms?
The targets are aligned with the Paris Agreement and aim to limit global warming to 1.5°C. To this end, METRO is implementing binding reduction targets for 2030 and 2050.
What role do Scope 3 emissions and supply chains play?
Scope 3 emissions account for a large proportion of the carbon footprint. METRO is tackling these through reduction targets across the entire value chain, as well as through measures such as deforestation-free supply chains.
What are FLAG emissions?
FLAG stands for Forest, Land and Agriculture and encompasses emissions from agriculture and land use, e.g. through fertilisation or deforestation.
What role does the Product Carbon Footprint play?
The PCF highlights the CO2 emissions of individual products and helps companies and customers to reduce emissions in a targeted manner.
