Jeronimo Martins

Jeronimo Martins, a Portuguese food products retailer, reported total carbon emissions of approximately 31.01 billion kg CO2e in 2025. This includes Scope 1 emissions of about 242.57 million kg CO2e, Scope 2 emissions of approximately 748.03 million kg CO2e, and Scope 3 emissions totalling around 30.22 billion kg CO2e.

Looking back, in 2024, the company's total emissions were approximately 33.96 billion kg CO2e, comprising about 204.13 million kg CO2e from Scope 1, 608.34 million kg CO2e from Scope 2, and 33.18 billion kg CO2e from Scope 3. In 2023, total emissions stood at around 32.16 billion kg CO2e, with Scope 1 at about 240.59 million kg CO2e, Scope 2 at approximately 689.12 million kg CO2e, and Scope 3 at roughly 31.23 billion kg CO2e.

Jeronimo Martins has set ambitious climate commitments, with Science Based Targets Initiative (SBTi) approved near-term and long-term targets. The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050.

For its near-term goals, Jeronimo Martins commits to reducing absolute Scope 1 and 2 GHG emissions by 55% by 2033, against a 2021 base year. Additionally, it plans to reduce absolute Scope 3 GHG emissions from purchased goods and services and use of sold products by 33% by 2033, also from a 2021 base year. The company has also committed to a 39.4% reduction in absolute Scope 1 and 3 FLAG (Forest, Land and Agriculture) GHG emissions by 2033, with a further commitment to no deforestation across its primary deforestation-linked commodities by the end of 2025.

Long-term targets include a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2045 from a 2021 base year, and a 90% reduction in absolute Scope 3 GHG emissions by 2050, also from a 2021 base year. Jeronimo Martins also targets a 72% reduction in absolute Scope 1 and 3 FLAG GHG emissions by 2050 from a 2021 base year.

The company has demonstrated progress towards its goals, having exceeded its objective to reduce Scope 1 and 2 carbon emissions by at least 40% per 1,000 euros in sales by the end of 2023 compared to 2017, achieving a 60% reduction. Furthermore, by 2024, Pingo Doce (a Jeronimo Martins brand) achieved a 55% reduction in operational carbon emissions compared to 2018. Jeronimo Martins Agro-Alimentar’s dairy business, Terra Alegre, also earned its first Lean & Green star with a 23.4% reduction in emissions between 2022 and 2023. The company also reported a 6.9% reduction in carbon emissions (per thousand pallets) associated with the transport of goods to stores in 2025 compared to 2021, aiming for a 5% reduction by the end of 2026. Jeronimo Martins also aims to reduce its Scope 1 and Scope 2 emissions to near zero by 2025.