Coles

Coles, an Australian food products company, reported total emissions of approximately 22.3 billion kg CO2e for the 2024 financial year. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions totalled approximately 267.9 million kg CO2e, Scope 2 emissions (market-based) were approximately 697.9 million kg CO2e, and Scope 3 emissions were approximately 19.1 billion kg CO2e.

For the 2023 financial year, Coles's total emissions were approximately 21.3 billion kg CO2e, with Scope 1 at roughly 293.7 million kg CO2e, Scope 2 (market-based) at approximately 686.9 million kg CO2e, and Scope 3 at approximately 20.3 billion kg CO2e.

Coles has established science-based targets for emissions reduction. They commit to reducing absolute Scope 1 and 2 greenhouse gas emissions by 75% by FY2030 from a FY2020 baseline year. This target is validated to be consistent with keeping warming to 1.5°C. Furthermore, Coles has a supplier engagement target requiring that by FY2027, over 75% of their suppliers, by spend, covering purchased goods and services and upstream transportation and distribution, will have set their own science-based targets. Additionally, they have a near-term target to reduce absolute Scope 3 FLAG (Forest, Land, and Agriculture) emissions by 30.3% by FY2030 from a FY2024 base year. Coles also commits to no deforestation across its primary deforestation-linked commodities by the end of 2025.