Potential offtaker

B&M European Value Retail S.A

www.bandmretail.com

Estimated electricity consumption

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Countries of production presence

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B&M European Value Retail S.A is a leading discount retailer that operates in the Dollar Stores sector. The company is headquartered in Luxembourg and has a strong presence in the UK, Germany, and France. B&M offers a wide range of products at affordable prices, including groceries, home goods, electronics, and clothing. The company has a reputation for providing high-quality products at low prices, making it a popular choice for budget-conscious shoppers.

B&M is committed to decarbonisation and reducing its environmental impact. The company has set ambitious targets to reduce its carbon emissions and increase its use of renewable energy. B&M is working to achieve these goals through a range of initiatives, including the adoption of corporate energy strategies, corporate power purchase agreements (PPAs), and investment in renewable energy projects.

Corporate energy is a key focus for B&M. The company is working to reduce its energy consumption and increase its use of renewable energy. B&M has implemented a range of energy-saving measures, including LED lighting, energy-efficient heating and cooling systems, and smart building management systems. These measures have helped the company to reduce its energy consumption and lower its carbon emissions.

B&M has also adopted corporate PPAs as a way to increase its use of renewable energy. A corporate PPA is a long-term agreement between a company and a renewable energy provider. Under the agreement, the company agrees to purchase a set amount of renewable energy from the provider over a specified period. Corporate PPAs provide a stable and predictable source of renewable energy, which can help companies to reduce their carbon emissions and meet their sustainability goals.

B&M has invested in a range of renewable energy projects, including wind and solar power. The company has installed solar panels on the roofs of its stores, which generate renewable energy and help to reduce the company's carbon footprint. B&M has also invested in wind power projects, which provide a source of renewable energy for the company's operations.

B&M's commitment to decarbonisation and renewable energy has been recognised by a range of industry bodies and organisations. In 2020, the company was awarded the Carbon Trust Standard for Supply Chain certification, which recognises companies that are taking action to reduce their carbon emissions and improve their sustainability performance. B&M was also named as one of the top 50 companies in the world for sustainability by Corporate Knights, a Canadian media and research company.

In addition to its focus on decarbonisation and renewable energy, B&M is committed to responsible sourcing and ethical business practices. The company has a strong ethical sourcing policy, which sets out its commitment to sourcing products from suppliers that meet high ethical and environmental standards. B&M also works closely with its suppliers to ensure that they are meeting these standards and improving their sustainability performance.

B&M has a strong track record of delivering value to its customers and shareholders. The company has experienced strong growth in recent years, with revenues of over £4.8 billion in 2020. B&M's focus on providing high-quality products at low prices has helped it to build a loyal customer base and maintain its position as a leading discount retailer.

In conclusion, B&M European Value Retail S.A is a leading discount retailer that is committed to decarbonisation and reducing its environmental impact. The company has set ambitious targets to reduce its carbon emissions and increase its use of renewable energy. B&M is working to achieve these goals through a range of initiatives, including the adoption of corporate energy strategies, corporate PPAs, and investment in renewable energy projects. The company's commitment to sustainability and responsible business practices has been recognised by a range of industry bodies and organisations. B&M's focus on delivering value to its customers and shareholders has helped it to maintain its position as a leading discount retailer.

✓ Science Based Targets member
✓ Declared Net Zero commitment