Jeronimo Martins

Jeronimo Martins, headquartered in Portugal and operating within the Food products nec industry, has outlined comprehensive climate commitments and reported substantial carbon emissions.

For the reporting year 2025, Jeronimo Martins reported a total of approximately 31 billion kg CO2e. This includes Scope 1 emissions of about 242.6 million kg CO2e, Scope 2 emissions of approximately 748 million kg CO2e, and Scope 3 emissions amounting to roughly 30.2 billion kg CO2e. The most significant contributor to its Scope 3 emissions in 2025 was purchased goods and services, accounting for approximately 26 billion kg CO2e.

In 2024, the company's total emissions were approximately 34 billion kg CO2e. This comprised Scope 1 emissions of around 204.1 million kg CO2e, Scope 2 emissions of about 608.3 million kg CO2e, and Scope 3 emissions totalling approximately 33.2 billion kg CO2e.

Jeronimo Martins has established several reduction targets. Notably, it aims for net-zero greenhouse gas emissions across its value chain by 2050. As part of its near-term strategy, the company is committed to reducing its Scope 1 and 2 GHG emissions by 55% by 2033, compared to a 2021 baseline. Furthermore, it aims to reduce its Scope 3 GHG emissions from purchased goods and services and the use of sold products by 33% by 2033, also from a 2021 baseline.

The company has also set specific targets for its forestry and land use (FLAG) emissions, aiming for a 39.4% reduction in absolute Scope 1 and 3 FLAG GHG emissions by 2033 from a 2021 baseline. Additionally, Jeronimo Martins is committed to ensuring no deforestation across its primary deforestation-linked commodities, with a target date of December 31st, 2025.

In terms of achievements, Jeronimo Martins reported exceeding its goal to reduce Scope 1 and 2 carbon emissions by at least 40% per 1,000 euros in sales by the end of 2023, achieving a 60% reduction compared to 2017. For its dairy business, Terra Alegre, it earned its first Lean & Green star after a 23.4% reduction in emissions between 2022 and 2023. Pingo Doce achieved a four-star Lean & Green rating in 2024 for reducing its operational carbon emissions by 55% compared to 2018.

Jeronimo Martins's climate commitments and targets are cascaded from its ultimate parent, Jerónimo Martins, SGPS, S.A., which has been validated by the Science Based Targets initiative (SBTi).