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Industry NewsMetro Inc. to set emission reduction targets per Science-Based Target Initiative

Metro Inc. to set emission reduction targets per Science-Based Target Initiative

Following its commitment in October 2022 to evaluate the feasibility and costs of achieving the Science Based Targets initiative (SBTi) Net-Zero Standard, Metro has reviewed and adjusted the scope of its existing objective by committing to set near-term company-wide greenhouse gas (GHG) emission reduction targets in line with the SBTi Standard.

Metro’s new near-term science-based targets (SBT), which have yet to be approved by SBTi, are consistent with the level of decarbonization required to keep global temperature increases to 1.5°C compared to pre-industrial temperatures.

Targets with a 2023 base year will consist of:

  • Reducing absolute scope 1 and scope 2 GHG emissions by 42 per cent by 2030;
  • Having 45 per cent of our suppliers by spend with science-based targets by 2028;
  • Reducing absolute scope 3 GHG emissions from purchases of goods and services by 25 per cent by 2030;
  • Reducing absolute scope 3 GHG emissions from downstream transportation and distribution by 25 per cent by 2030; and
  • Reducing scope 3 FLAG GHG emissions by 30 per cent by 2030.

Metro’s plan outlines six emission reduction priorities: use natural refrigerant; invest in renewable energies; electrify part of our fleet of vehicles and improve its fuel efficiency; engage with key suppliers to reduce their emissions; install EV chargers for customers; and reduce food waste in the value chain.

“Committing to set near-term and FLAG targets, while continuing to evaluate a Net-zero target in our decarbonization plan, is the best path forward for our company to address climate change. We are setting science-based targets that are ambitious but realistic. We are also demonstrating our commitment to review our goals and our priorities regularly as technologies evolve” said Eric La Flèche, president and chief executive officer.

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