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 10 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 entire value chain by 2050. Although specific emissions data for the most recent year is not available, the company has established significant near-term reduction targets. By 2030, PENNY aims to reduce its absolute Scope 1 and 2 emissions by 42% from a 2021 baseline. Additionally, it plans to cut its Scope 3 emissions—covering purchased goods and services, capital goods, upstream transportation and distribution, and the use of sold products—by the same percentage within the same timeframe. In terms of long-term goals, PENNY is committed to a 90% reduction in both Scope 1 and 2 emissions by 2050, alongside a 90% reduction in Scope 3 emissions. Furthermore, the company has set a target to reduce its Scope 3 emissions related to deforestation-linked commodities by 72% by 2050, with a commitment to no deforestation by December 31, 2025. These targets align with the Science Based Targets initiative (SBTi) and reflect PENNY's dedication to addressing climate change through substantial and measurable actions.
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 committed to some reduction initiatives 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.
