Loblaw Companies Limited announces plan to achieve net-zero by 2040
by CM Staff
Loblaw Companies Limited commits to becoming net-zero by 2040, including having a zero-emission truck fleet by 2030.
BRAMPTON — On Mar. 23, Loblaw Companies Limited announced its plan to achieve net-zero greenhouse gas (GHG) emissions by 2040 as part of a host of environmental commitments.
“Having met major milestones reducing our carbon footprint and waste, we are now squarely focused on the next challenge — net-zero,” said Galen G. Weston, President and Chairman, Loblaw Companies Limited. “It will see us deploy electric trucks, efficient heating and cooling, alternative energy, and innovative methods ahead. The need for action is as clear as our ambition, and it reflects the long-term vision our company has held across generations.”
In 2016, Loblaw committed to a 30-per-cent reduction in corporate carbon emissions by 2030. The company met that target in 2020, due to its advancements in energy management, equipment conversions, and addressing refrigerant leaks. Informed by the Science Based Target Initiative and aligned to the Paris Agreement — limiting global temperature rise to 1.5 degrees Celsius — the company will extend this momentum into its franchised networks and distribution centres, and ultimately to its supplier network. This will create a long-term roadmap: Achieving net-zero GHG emissions for Loblaw’s operational footprint (Scope 1 and 2) by 2040, and achieving net-zero for Scope 3, including those generated by suppliers, by 2050.
The company will also take action on climate change through strategic initiatives, including the following:
- Eliminating food waste sent to landfill by 2030
- Tackling plastic waste by ensuring all plastic packaging for control brands, like President’s Choice, are reusable or recyclable by 2025, and advancing industry initiatives like the Consumer Goods Forum’s global Golden Design Rules
- Moving to a zero-emission truck fleet by 2030