Carrefour - 2017 Registration Document

2 CORPORATE SOCIAL RESPONSIBILITY Combatting waste CARREFOUR | 2017 REGISTRATION DOCUMENT 43 Combatting climate change 2.2.3 Actions addressing SDG 13 Through the introduction of an internal carbon price and rollout of a waste reduction policy and an energy and climate plan, Carrefour has integrated a key climate change goal into its investment strategy (target 13.2). Climate commitments Carrefour’s policy The fight against climate change is a collective challenge. With its customers, suppliers and partners, Carrefour is implementing solutions in order to adapt to climate change and ease the transition to a low-carbon economy. These are specified in the form of several commitments: As a member of the Consumer Goods Forum (CGF) which ● comprises more than 400 members from the consumer goods industry, Carrefour is committed to reducing the carbon footprint caused by deforestation, refrigerants and food waste; As a signatory to the French Business Climate Pledge, Carrefour ● along with 88 other French companies is committed to investing in the low-carbon transition and the fight against climate change. It restated this commitment at the One Planet Summit in France in 2017; Carrefour adheres to the Caring for Climate (C4C) initiative ● underpinned by the UN Global Compact. Alongside 450 other companies, Carrefour has promised to reduce its greenhouse gas (GHG) emissions by setting targets, outlining strategies, putting them into practice, and reporting the results; Carrefour is participating in the Science Based Targets initiative, ● a partnership between the Carbon Disclosure Project (CDP), the UN Global Compact, the World Resources Institute (WRI) and the WWF ® . Along with more than 190 other companies, Carrefour is committed to setting CO 2 reduction targets in line with climate science to keep the global temperature increase below 2°C by 2100 compared to pre-industrial temperatures. Carrefour is committed to a 40% reduction in its CO 2 emissions by 2025 [CSR Index], and a 70% reduction by 2050, with respect to base year 2010. This target breaks down into several sub-targets (implementation detailed below): 30% reduction in energy consumption by 2025 with respect ● to 2010, through implementation of appropriate action plans; 40% reduction in refrigerant-related CO 2 emissions by 2025 with ● respect to 2010, through phase-out of hydrofluorocarbon (HFC) refrigerants and limitation of refrigerant leakage; 30% reduction in transport-related CO 2 emissions by 2025 with ● respect to 2010, through optimisation of logistics models and development of alternatives to diesel fuel; Increased proportion of renewable energies in power ● consumed; Encourage Carrefour suppliers to outline quantified ● commitments to reduce CO 2 in their direct scope and upstream. To pursue this goal, Carrefour is implementing a comprehensive policy that involves a number of measures: Roll out key low-carbon technologies in stores (see ● Section 2.2.3); Apply the internal CO 2 price for examining new investment ● proposals submitted to the Group Investment Committee; Provide customers and employees with information on good ● energy saving practices in stores; Work with logistics, transport and energy partners to develop ● new responsible transport solutions, for city-centre deliveries in particular; Implement a plan to adapt to the risk posed by climate change ● (see Section 4.7, Risk management). Performance The targets it has set itself will spur Carrefour to innovate with new technologies and new concepts capable of reducing stores’ energy, refrigerant and transport costs. 2017 2016 Change Reduce our CO 2 emissions by 40% by 2025, and by 70% by 2050, compared with 2010 ; (24.4)% (24.7)% -0.3 point 2017 figures subject to reasonable assurance checks. ;