Axfood addresses palm oil issue

In a measure intended to help protect rain forests in Southeast Asia, Axfood has decided to change and limit its purchases of palm oil for the Group's private label products. Axfood will be joining the Roundtable on Sustainable Palm Oil and will buy certificates for the palm oil that is purchased for use in its private label products. In addition, palm oil will be replaced with other vegetable oils in a number of products, such as cooking oil and chips. The use of palm oil is controversial, since in many locations, oil palm plantations are located on land that was once rain forest. When a food manufacturer buys certificates, it entails that money goes to growers who produce palm oil using more sustainable production practices. For further information, please contact: Ingmar Kroon, Director Press Relations, Axfood AB, tel. +46-702 89 89 83

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Axfood AB conducts retail trade through the wholly owned store chains Hemköp, Willys and Willys hemma and wholesale trade through Dagab and Axfood Närlivs. In addition, Axfood collaborates with a number of proprietor-run stores that are tied to Axfood through agreements.

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