Penny
Penny, officially known as Penny Markt GmbH, is a prominent discount supermarket chain headquartered in Germany. Established in 2002, the company has rapidly expanded its footprint across various regions, including major operational areas in Germany and parts of Europe. Specialising in providing high-quality groceries at competitive prices, Penny distinguishes itself through its commitment to sustainability and local sourcing. The chain offers a diverse range of products, from fresh produce to household essentials, ensuring affordability without compromising on quality. With a strong market position, Penny has garnered recognition for its innovative approach to retail, including the introduction of eco-friendly packaging and a focus on reducing food waste. As a key player in the discount retail sector, Penny continues to evolve, meeting the needs of budget-conscious consumers while maintaining a strong ethical stance.
DitchCarbon Score
How does Penny's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Food Product Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Penny's score of 30 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Penny's reported carbon emissions
PENNY Markt GmbH, headquartered in Germany, has set ambitious climate commitments aimed at achieving net-zero greenhouse gas emissions across its value chain by 2050. Although specific carbon emissions data for the most recent year is not available, the company has established significant reduction targets based on a 2021 baseline. PENNY aims to reduce its absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030. Additionally, it has committed to a 42% reduction in absolute Scope 3 emissions, which encompass emissions from purchased goods and services, capital goods, upstream transportation and distribution, and the use of sold products, within the same timeframe. The company also targets a 30.3% reduction in Scope 3 FLAG emissions by 2030, with a commitment to no deforestation linked to its primary commodities by December 31, 2025. For the long term, PENNY has set a goal to reduce absolute Scope 1 and Scope 2 emissions by 90% by 2050, alongside a 90% reduction in absolute Scope 3 emissions. The FLAG emissions reduction target for 2050 is set at 72%. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to keep global warming below 1.5°C. PENNY's climate strategy reflects a comprehensive approach to sustainability, focusing on significant reductions across all scopes of emissions while committing to responsible sourcing and environmental stewardship.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Penny is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
