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Axfood AB

Common Name
Axfood
Country
Sweden
Sector
Consumer Defensive
Industry
Grocery Stores
Employees
15,000
Ticker
AXFO
Exchange
Nasdaq Stockholm
Description
Axfood AB is a leading Swedish food retail company, operating as the second-largest player in the market with a significant market share. Formed in 2000 through the merger of grocery chains like Hemkö...

Axfood's Climate Target Data Preview

As of 2025, Axfood has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 1 intensity-based 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
Metric Tonnes of CO2 equivalent (mtCO2e)
-70%a
2030
Absolute-based Target*
Scope 3 - Purchased Goods and Services (Cat. 1)
Metric Tonnes of CO2 equivalent (mtCO2e)
-30%a
2030
Intensity-based Target*
Scope 3 - Purchased Goods and Services (Cat. 1)
Metric Tonnes of CO2 equivalent (mtCO2e) per Kilogram (kg) of Food Sold/Delivered
-10%a
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Axfood’s Climate Targets Data

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a. Axfood's Annual Report 2025

Insights into Axfood's Greenhouse Gas Emissions Pathways

As of 2025, Axfood has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a

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

As of 2025, Axfood has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a

Axfood's most ambitious operational target is to reduce these emissions by 70% by 2030, compared to a baseline of 8,214 Metric Tonnes of CO2 equivalent (mtCO2e) in 2024.a

As of 2025, Axfood is lagging behind on its operational emissions reduction target, having achieved 12.21% of the planned reduction.a

Axfood's Operational (Scope 1+2) Emissions Pathway

20242025203002.5 k5 k7.5 k10 kCurrent (-9%)Target 2030 (-70%)

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

As of 2025, 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.a

Axfood's most ambitious value chain target is to reduce these emissions by 30% by 2030, compared to a baseline of 3,224,256 Metric Tonnes of CO2 equivalent (mtCO2e) in 2024.a

As of 2025, Axfood is lagging behind on its value chain emissions reduction target, having achieved 0.47% of the planned reduction.a

Axfood's Value Chain (Scope 3) Emissions Pathway

2024202520300850 k1.7 M2.55 M3.4 MCurrent (-0%)Target 2030 (-30%)
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