Shoprite Holdings (Pty) Ltd is a leading retail company based in South Africa, which operates in the supermarkets sector. The company was founded in 1979 and has grown to become the largest retailer in Africa, with over 2,800 stores across 15 countries. Shoprite Holdings is committed to sustainability and has implemented various measures to reduce its carbon footprint and promote renewable energy.
Decarbonisation is a key priority for Shoprite Holdings, as the company recognizes the urgent need to reduce greenhouse gas emissions and mitigate the impacts of climate change. In 2019, the company joined the Science Based Targets initiative, which aims to help businesses set science-based targets for reducing their emissions in line with the goals of the Paris Agreement. Shoprite Holdings has committed to reducing its absolute scope 1 and 2 emissions by 30% by 2030, using 2018 as a baseline.
To achieve this goal, Shoprite Holdings has implemented various measures to reduce its energy consumption and promote renewable energy. The company has invested in energy-efficient technologies, such as LED lighting and refrigeration systems, which have helped to reduce its energy consumption by 30% since 2015. Shoprite Holdings has also implemented a corporate energy management program, which involves monitoring and analyzing energy consumption data to identify opportunities for improvement.
In addition, Shoprite Holdings has entered into corporate power purchase agreements (PPAs) to source renewable energy for its operations. In 2019, the company signed a 12-year PPA with BioTherm Energy, a South African renewable energy developer, to purchase 434 GWh of energy per year from two wind farms. This agreement is expected to reduce Shoprite Holdings' emissions by 140,000 tons of CO2 per year, which is equivalent to taking 30,000 cars off the road.
Shoprite Holdings has also invested in on-site renewable energy generation, such as solar photovoltaic (PV) systems. The company has installed solar PV systems at several of its stores and distribution centers, which have helped to reduce its reliance on grid electricity and lower its carbon footprint. In 2019, Shoprite Holdings installed a 1 MW solar PV system at its Cilmor Distribution Center in Centurion, which is expected to generate 1.6 GWh of energy per year and reduce the center's emissions by 1,500 tons of CO2 per year.
Overall, Shoprite Holdings is committed to decarbonisation and has implemented various measures to reduce its carbon footprint and promote renewable energy. The company's efforts have been recognized by various sustainability ratings and rankings, including the Dow Jones Sustainability Index and the Carbon Disclosure Project. Shoprite Holdings is a leader in the retail sector in Africa and is setting an example for other companies to follow in promoting sustainability and combating climate change.