Jeronimo Martins

Jeronimo Martins, a food products nec company headquartered in Portugal, reported total global carbon emissions of approximately 33.5 billion kg CO2e in 2024. This figure encompasses Scope 1, 2, and 3 emissions.

In 2023, Jeronimo Martins' total global emissions were approximately 32.1 billion kg CO2e. Their Scope 1 emissions in 2023 amounted to about 240.6 million kg CO2e, while Scope 2 emissions were approximately 689.1 million kg CO2e. Scope 3 emissions represented the largest portion, totalling approximately 31.2 billion kg CO2e.

Jeronimo Martins is committed to achieving net-zero greenhouse gas emissions across its value chain by 2050. This ambitious long-term target has been approved by the Science-Based Targets initiative (SBTi).

In the near term, Jeronimo Martins has set targets aligned with a 1.5°C pathway. Specifically, they commit to reducing absolute Scope 1 and 2 GHG emissions by 55% by 2033, compared to a 2021 baseline. Furthermore, they aim to reduce absolute Scope 3 GHG emissions from purchased goods and services and the use of sold products by 33% by 2033, also from a 2021 base year. The company also has specific targets related to Forest, Land, and Agriculture (FLAG) emissions, committing to reduce absolute Scope 1 and 3 FLAG GHG emissions by 39.4% by 2033 from a 2021 baseline and aiming for no deforestation across their primary deforestation-linked commodities by the end of 2025.

Earlier, in 2023, the company exceeded its goal to reduce Scope 1 and 2 carbon emissions by at least 40% per 1,000 euros in sales, achieving a 60% reduction compared to 2017. They also aim to reduce Scope 1 and 2 emissions by 55% by 2033, compared to 2021. Additionally, there is a target to reduce emissions from the transport of goods to stores by 5% by 2026, relative to 2021 levels.

The emissions data and climate commitments are cascaded from their ultimate parent company, Jerónimo Martins, SGPS, S.A.