Coop Gruppe Genossenschaft

Coop Gruppe Genossenschaft, a Swiss-headquartered wholesale and commission trade services company, reported total carbon emissions of approximately 22.88 billion kg CO2e in 2024. This figure includes about 203.3 million kg CO2e from Scope 1 emissions, 45.6 million kg CO2e from Scope 2 market-based emissions, and approximately 22.63 billion kg CO2e from Scope 3 emissions. In the previous year, 2023, their total emissions were about 22.29 billion kg CO2e, with Scope 1 at approximately 232.0 million kg CO2e, Scope 2 market-based at around 52.8 million kg CO2e, and Scope 3 at roughly 22.01 billion kg CO2e. In 2022, Coop Gruppe Genossenschaft's total emissions were approximately 30.22 billion kg CO2e, comprising around 222.5 million kg CO2e for Scope 1 and about 29.88 billion kg CO2e for Scope 3.

Coop Gruppe Genossenschaft has made significant climate commitments. The company has committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2050. This net-zero target is validated by the Science Based Targets initiative (SBTi), with near-term targets set for 2030 and long-term targets for 2050, both consistent with a 1.5°C warming trajectory.

Near-term SBTi targets include:

• Reducing absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year.
• Reducing absolute Scope 3 GHG emissions by 25% within the same timeframe.
• Reducing absolute Scope 3 GHG emissions from the use of sold fossil fuels by 42% by 2030 from a 2022 base year.
• Reducing absolute Scope 3 FLAG (Forest, Land and Agriculture) GHG emissions by 30.3% by 2030 from a 2022 base year.
• Committing to no deforestation across primary deforestation-linked commodities by December 31, 2025.

Long-term SBTi targets for 2050 include:

• Reducing absolute Scope 1 and 2 GHG emissions by 90% from a 2022 base year.
• Reducing absolute Scope 3 GHG emissions by 90% from a 2022 base year.
• Reducing absolute Scope 3 FLAG GHG emissions by 72% by 2050 from a 2022 base year.

The company has also stated in their reports that they aim to reduce direct CO2 emissions (Scopes 1 and 2) by more than 20% by 2026, compared to a 2021 base year. Additionally, an earlier vision aimed to lower overall CO2 emissions by over 50% by 2023, based on a 2008 baseline, and reduce overall energy consumption by almost 20%. Coop Gruppe Genossenschaft signed the SBTi initiative in 2022 and intends to submit specific targets for 2030 in 2024, emphasizing their commitment to reducing Scope 1 and 2 emissions to zero. All emissions and targets are direct from Coop Gruppe Genossenschaft's reporting.