Potential offtaker

Axfood AB

www.axfood.se

Estimated electricity consumption

N/A

Countries of production presence

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Axfood AB is a leading Swedish retail company that operates in the Consumer Staples sector. The company is committed to sustainability and has been actively working towards decarbonisation and reducing its carbon footprint. Axfood AB has set ambitious targets to reduce its greenhouse gas emissions and has implemented various measures to achieve these targets.

One of the key areas of focus for Axfood AB is corporate energy. The company has implemented several initiatives to reduce its energy consumption and increase its use of renewable energy. Axfood AB has invested in energy-efficient technologies and has implemented energy management systems to monitor and control its energy usage. The company has also installed solar panels on the roofs of its stores and warehouses to generate renewable energy.

Axfood AB has also entered into corporate power purchase agreements (PPAs) to increase its use of renewable energy. The company has signed several long-term contracts with renewable energy providers to purchase renewable energy at a fixed price. These PPAs have enabled Axfood AB to increase its use of renewable energy and reduce its reliance on fossil fuels.

In addition to reducing its energy consumption and increasing its use of renewable energy, Axfood AB is also working towards decarbonisation. The company has set a target to reduce its greenhouse gas emissions by 50% by 2030, compared to its 2017 baseline. To achieve this target, Axfood AB has implemented several measures, including reducing its food waste, improving its logistics operations, and promoting sustainable agriculture.

Axfood AB has also launched several initiatives to promote sustainability among its customers. The company has introduced a range of sustainable products, including organic and fair-trade products, and has implemented a labeling system to help customers make informed choices about the environmental impact of the products they purchase. Axfood AB has also launched a loyalty program that rewards customers for making sustainable choices.

Axfood AB's commitment to sustainability has been recognized by several organizations. The company has been included in the Dow Jones Sustainability Index for several years and has received several awards for its sustainability initiatives. In 2020, Axfood AB was ranked as the most sustainable company in the retail sector by the Swedish Environmental Research Institute.

Axfood AB's sustainability initiatives have not only helped the company reduce its environmental impact but have also had a positive impact on its business. The company has reported increased customer loyalty and improved brand reputation as a result of its sustainability initiatives. Axfood AB's commitment to sustainability has also helped the company attract and retain talent, as employees are increasingly looking for companies that are committed to making a positive impact on society and the environment.

In conclusion, Axfood AB is a leading Swedish retail company that is committed to sustainability and has implemented several initiatives to reduce its environmental impact. The company's focus on corporate energy, corporate PPAs, renewable energy, and decarbonisation has enabled it to reduce its greenhouse gas emissions and increase its use of renewable energy. Axfood AB's sustainability initiatives have not only helped the company reduce its environmental impact but have also had a positive impact on its business, including increased customer loyalty and improved brand reputation.

✓ Science Based Targets member
✓ Declared Net Zero commitment