Record reduction in Greenfood's climate emissions

During the first quarter of 2022, Greenfood's climate impact decreased by a record-high 40 percent. This is primarily due to new investments in energy recovery and several businesses switching to renewable energy.

In 2021, Greenfood issued a sustainability-linked bond linked to the goals in Greenfood's sustainability framework. One of the goals is to reduce emissions in its operations (Scope 1 and Scope 2) by 55 percent per tonne of food sold by 2025. Greenfood is on track to reach the goal; in the first quarter of 2022, the Group reports a record reduction: climate impact per tonne of food sold has fallen by 40 percent compared to 2021.

– We have taken a holistic approach to the climate and energy issue and invested in heat recovery and renewable energy, which has led to a record reduction in emissions. Now we will continue the work of reducing our climate impact through significant investments in solar energy, says Lisa Isakson, Head of Sustainability at Greenfood.

In addition, Greenfood is also investing in reducing the climate impact from the supply chain and the products the Group sells. This is done, for example, by switching to more environmentally friendly logistics and introducing more climate-smart plant-based products.

Reasons for the record decrease

• Greenfood has invested in new cooling systems and improved working methods, which has led to greater energy efficiency.
• Greenfood has gone from natural gas to biogas at the facility in Helsingborg.
• Several Group companies in both Sweden and Finland have switched to renewable electricity.
• Diesel-powered company cars are gradually being replaced by electric vehicles.

Next step to reduce the Group's total climate impact (Scope 1, 2 and Scope 3)

• Greenfood increases the use of renewable electricity through the installation of solar cells and new energy purchase agreements.
• Moving several businesses to Greenfood Greenhouse, a state-of-the-art food center that will reduce total energy consumption and have solar cells to produce its own electricity.
• Greenfood will continue to introduce more plant-based products.
• Greenfood is upgrading cooling systems for reduced energy use and transitioning to more environmentally friendly transport.

How Greenfood reports its climate impact
Greenfood measures its climate impact according to the GHG protocol's guidelines in Scopes 1, 2 and 3. The result is also linked to Greenfood's sustainability-linked bond.

Scope 1 includes direct emissions of greenhouse gases from sources owned or controlled by Greenfood. Scope 2 includes indirect greenhouse gas emissions from purchased energy. Here we have included consumption of purchased electricity, district heating and district cooling. Scope 3 includes indirect greenhouse gas emissions from our value chain such as incoming and outgoing transports, production of goods we buy, business travel and waste management.

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