Jeronimo Martins

Jeronimo Martins, a Food products nec company headquartered in Portugal, reported total carbon emissions of approximately 31.01 billion kg CO2e in 2025. This includes Scope 1 emissions of around 242.57 million kg CO2e, Scope 2 emissions of about 748.03 million kg CO2e, and Scope 3 emissions of approximately 30.22 billion kg CO2e. This data is inherited from its parent company, Jerónimo Martins, SGPS, S.A.

Looking at previous years, Jeronimo Martins's total emissions were approximately 33.96 billion kg CO2e in 2024 and around 31.23 billion kg CO2e in 2023.

Jeronimo Martins has set several ambitious climate commitments, with Science Based Targets initiative (SBTi) approved targets:

• Near-Term Targets (2033 baseline 2021):
  • Reduce absolute Scope 1 and 2 GHG emissions by 55%.
  • Reduce absolute Scope 3 GHG emissions from purchased goods and services and use of sold products by 33%.
  • Reduce absolute Scope 1 and 3 FLAG GHG emissions by 39.4%.
  • Commitment to no deforestation across primary deforestation-linked commodities by December 31st 2025.
• Long-Term Targets:
  • Net-Zero: Achieve net-zero greenhouse gas emissions across the value chain by 2050. This target was approved by the SBTi.
  • Reduce absolute Scope 1 and 2 GHG emissions by 90% by 2045 from a 2021 base year.
  • Reduce absolute Scope 3 GHG emissions by 90% by 2050 from a 2021 base year.
  • Reduce absolute Scope 1 and 3 FLAG GHG emissions by 72% by 2050.

The company has already exceeded some of its goals, achieving a 60% reduction in Scope 1 and 2 carbon emissions per 1,000 euros in sales by the end of 2023, surpassing its target of at least 40% compared to 2017. Furthermore, its dairy business, Terra Alegre, reduced emissions by 23.4% between 2022 and 2023, contributing to a 5% reduction in carbon dioxide equivalent emissions per thousand pallets transported by 2026 compared to 2021. Pingo Doce, a subsidiary, achieved a 55% reduction in carbon emissions in its operations compared to 2018.

Jeronimo Martins also aims to reduce its Scope 1 and Scope 2 emissions to near zero by 2025.