Potential offtaker

X5 Retail Group

www.x5.ru

Estimated electricity consumption

N/A

Countries of production presence

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X5 Retail Group is a leading retail company in the Russian Federation that operates in the supermarket sector. The company was founded in 2006 and has since grown to become one of the largest retailers in the country. X5 Retail Group has a diverse portfolio of brands, including Pyaterochka, Perekrestok, and Karusel, which cater to different customer segments.

The company has a strong commitment to sustainability and has taken several initiatives to reduce its carbon footprint. X5 Retail Group has set a target to reduce its greenhouse gas emissions by 30% by 2025, compared to the 2018 baseline. The company has identified decarbonisation as a key priority and has taken several measures to achieve this goal.

One of the key initiatives taken by X5 Retail Group is the implementation of corporate energy management systems. The company has installed energy-efficient equipment and technologies in its stores and warehouses to reduce energy consumption. X5 Retail Group has also implemented a system to monitor energy consumption in real-time, which helps to identify areas where energy efficiency can be improved.

Another important initiative taken by X5 Retail Group is the implementation of corporate power purchase agreements (PPAs). The company has signed several long-term PPAs with renewable energy producers to source renewable energy for its operations. These PPAs help X5 Retail Group to reduce its carbon footprint and also provide price stability for its energy needs.

X5 Retail Group has also invested in renewable energy projects to support the development of renewable energy in the country. The company has installed solar panels on the roofs of several of its stores, which generate renewable energy for its operations. X5 Retail Group has also invested in wind energy projects in the country, which help to increase the share of renewable energy in the national energy mix.

In addition to these initiatives, X5 Retail Group has also taken measures to reduce its waste generation and increase recycling. The company has implemented a waste management system that separates waste into different categories for recycling. X5 Retail Group has also introduced reusable bags and containers in its stores, which helps to reduce the use of single-use plastics.

X5 Retail Group has received several awards and recognitions for its sustainability initiatives. The company was included in the Dow Jones Sustainability Indices (DJSI) for the first time in 2020, which recognizes the top 10% of companies in terms of sustainability performance. X5 Retail Group was also included in the CDP A List for Climate Change in 2020, which recognizes companies that are taking action to address climate change.

In conclusion, X5 Retail Group is a leading retail company in the Russian Federation that has taken several initiatives to reduce its carbon footprint and promote sustainability. The company has identified decarbonisation as a key priority and has implemented several measures to achieve this goal, including the implementation of corporate energy management systems, corporate PPAs, and investments in renewable energy projects. X5 Retail Group has also taken measures to reduce its waste generation and increase recycling. The company's sustainability initiatives have received several awards and recognitions, which reflect its commitment to sustainability.

✓ Science Based Targets member
✓ Declared Net Zero commitment