Axfood AB

Common Name
Axfood
Country
Sweden
Sector
Consumer Defensive
Industry
Grocery Stores
Employees
12,000
Ticker
AXFO
Exchange
NASDAQ STOCKHOLM AB
Description
Axfood AB is a Swedish company specializing in food retail and wholesale, playing a significant role in the Nordic grocery market. Established in 2000 and headquartered in Solna, Sweden, Axfood operat...

Axfood's Climate Target Data Preview

As of 2024, Axfood has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Axfood ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Downstream Transportation and Distribution (Cat. 9), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Intensity-based Target*
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Kilogram (kg) of Food Sold/Delivered
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2030
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Axfood's Greenhouse Gas Emissions Pathways

As of 2024, Axfood has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.

Does Axfood have a target to reduce the emissions from its value chain?

As of 2024, Axfood has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

Axfood's most ambitious value chain target is to reduce these emissions by 10% by 2030, compared to a baseline of 0.002 Metric Tonnes of CO2 equivalent (mtCO2e) per Kilogram (kg) of Food Sold/Delivered in 2023.

Instead of reducing value chain emissions, Axfood has increased them, with 2024 levels exceeding those of the 2023 baseline, placing the company well behind its reduction target.

Axfood's Value Chain (Scope 3) Emissions Pathway

20232024203000000Current (+4%)Target 2030 (-10%)

Does Axfood have a target to reduce its total carbon footprint?

As of 2024, Axfood has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.

Axfood's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 36,582 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020, by 85% by 2030.

Instead of reducing total carbon footprint, Axfood has increased them, with 2024 levels exceeding those of the 2020 baseline, placing the company well behind its reduction target.

Axfood's Carbon Footprint (Scope 1+2+3) Emissions Pathway

20202024203009.5 k19 k28.5 k38 kCurrent (+1%)Target 2030 (-85%)
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