Status of climate protection target

Greenhouse gas emissions in kg CO2 (CO2 equivalents) per m2 selling, office and delivery space

Greenhouse gas emissions in kg CO2 (CO2 equivalents) per m2 selling and delivery space – METRO (stacked bar)
Scope 1+2
Scope 3
Total

Definition: Greenhouse gas emissions from METRO’s stores, headquarters and warehouses as well as FSD companies by selling, delivery and office space. There may be variances from the consolidation group in financial reporting for reasons such as data availability. Also due to updated data availability the previous years’ figures were adjusted. The calculation of CO2 emissions corresponds to the logic of the Greenhouse Gas Protocol. METRO mainly uses emission factors from DEFRA, the Intergovernmental Panel on Climate Change (IPCC) and the International Energy Agency (IEA). Included within the climate protection are the above-described emissions from:

  • Scope 1: fuel oil, natural gas, liquefied natural gas (LNG), liquefied petroleum gas (LPG), refrigerant emissions from commercial cooling and air-conditioning as well as fuel consumption by company cars, fleet of our own logistics vehicles (FoV) and emergency power generators.
  • Scope 2: electricity, heating and cooling energy consumption
  • Scope 3: in-house paper consumption for advertising material and office purposes, business trips and upstream chain emissions and grid losses for all direct and indirect energy sources

Status: Compared to the base year 2011 CO2 emissions related to the climate protection target (Scope 1-3) have been reduced by 51.9% per m2 selling, office and delivery space.

Explanation: We aim to be climate-neutral by 2040 mainly through own investments. In reporting period 2021/22, we expanded our 2040 climate protection target to include emissions from our own logistics fleet (FoV). Due to this expansion, the methodology for determining the CO2 equivalents per m2 of selling, office and delivery space was adjusted and the key figures for the base year and the previous year’s values were corrected accordingly.

In the base year 2011 specific greenhouse gas emissions were 386kg CO2/m2 of selling, office and delivery space.

The significant decline in emissions to 186kg CO2/m2 of selling, office and delivery space in the reporting period 2023/24 compared with the reference year 2011 can essentially be attributed to measures to reduce consumption relating to energy, paper and business travel, and to reduce emissions caused by refrigerant loss, as well as investments in green electricity and digitization.

In addition to its climate protection target, in financial year 2018/19, METRO expanded its climate efforts to the supply chain and as the first German retailer set a recognized Science Based Target (SBTi) for itself. As part of the SBTi, METRO undertakes to reduce its Scope-1- and Scope-2-CO2 emissions by 60% per square meter selling, office and delivery space by 2030 compared to 2011. In addition, as part of SBTi, METRO is committed to reducing absolute Scope 3 CO2 emissions (supply chain) by 15% by 2030 compared to 2018.

METRO submitted SBTI targets as early as in 2019, they are currently being revised. This process takes account of the new provisions of the CSRD.