Ocado’s net-zero targets validated by Science Based Targets Initiative
The validated targets will see Ocado Retail work towards its commitment to become carbon net-zero by 2040 through its Planet Together strategy
Ocado, the world’s largest dedicated online supermarket, operated by Ocado Retail, is amongst the first grocery retailers to have SBTi-validated targets including those originating from forests, land and agriculture (FLAG).
The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science.
Ocado’s near-term targets are reducing absolute scope 1, 2 and 3 greenhouse gas emissions 42% by FY2030, active annual sourcing of 100% renewable electricity through FY2030, as well as reducing absolute scope 3 FLAG GHG emissions 30.3% by FY2030.
The retailer’s net-zero targets include reducing absolute scope 1, 2, and 3 greenhouse gas emissions 90% by FY2040 as well as reducing absolute scope 3 FLAG GHG emissions 72% by FY2040.
The validated targets will see Ocado Retail work towards its commitment to become carbon net-zero by 2040 through its Planet Together strategy. Emission reduction priorities are centred across low-carbon supply and operations, low-carbon logistics, sustainable agriculture and diets as well as innovation and advocacy.
Laura Fernandez, senior sustainability manager at Ocado Retail, said: “We recognise the importance of achieving our ambitious carbon reduction targets by 2040 and are prioritising action in our highest-emitting areas. 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.”
