Sainsbury’s has revealed they are committed to investing £1 billion over twenty years towards becoming a Net Zero business by 2040.
The retailer will work with the Carbon Trust to assess emissions and set targets for reduction, publicly reporting on progress every six months.
The targets align with the goal to limit global warming to 1.5°C, the highest ambition of the Paris Agreement.
Sainsbury’s will use the £1 billion investment to implement a programme of changes, including reducing carbon emissions, food waste, plastic packaging and water usage and will increase recycling, biodiversity and healthy and sustainable eating.
The supermarket giant will look to reduce Greenhouse Gas emissions within its own operations by increasing the use of renewable energy.
1,400 Sainsbury’s stores have currently been fitted with aerofoil technology. By the end of 2022, all Sainsbury’s stores will look to be 100% lit by LED.
Sainsbury’s will also minimise the use of water in its own operations, driving towards water neutral by 2040 and recycling water from areas such as ice on fish counters and carwashes.
The supermarket aims to half plastic packaging by 2025, with dark coloured, hard to recycle plastic and polystyrene packaging from own brand ranges replaced with recyclable alternatives by the end of March 2020.
The retailer has also announced plans to introduce food waste intiatives including innovative clearer labelling and will talk to customers more about how they can reduce food waste at home.
Sainsbury’s will continue to work on sustainable sourcing and, by 2025, will ensure that 100% of high-risk origin soy meal is zero forestation and certified as sustainable.
The retailer will also recycle more operational waste and continue to expand and provide facilities to help customers recycle unwanted clothing, metal cans, glass, paper, batteries and other materials.
Mike Coupe, CEO of Sainsbury’s, said: “Our commitment has always been to help customers live well for less, but we must recognise that living well now also means living sustainably.
“We have a duty to the communities we serve to continue to reduce the impact our business has on the environment and we are committing to reduce our own carbon emissions and become Net Zero by 2040, ten years ahead of the government’s own targets, because 2050 isn’t soon enough.”
“We recognise that we have a once in a lifetime opportunity to make the changes needed to help the planet exist sustainably.”