Loblaw Companies Ltd

Common Name
Loblaw Companies
Country
Canada
Sector
Consumer Defensive
Industry
Grocery Stores
Employees
220,000
Ticker
L
Exchange
TORONTO STOCK EXCHANGE
Description
Loblaw Companies Ltd. is a leading Canadian food and pharmacy retailer. It operates one of the largest networks of grocery stores across the country under various brand names, including Loblaws, Zehrs...

Loblaw Companies's Climate Target Data Preview

As of 2024, Loblaw Companies has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction 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 Loblaw Companies ’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)
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a
2030
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Verified Sources Behind Loblaw Companies’s Climate Targets Data

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a. Loblaw Companies's ESG Report 2024
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Insights into Loblaw Companies's Greenhouse Gas Emissions Pathways

As of 2024, Loblaw Companies has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

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

As of 2024, Loblaw Companies has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Loblaw Companies's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 1,256,334 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020. a

As of 2024, Loblaw Companies is lagging behind on its operational emissions reduction target, having achieved 31.88% of the planned reduction. a

Loblaw Companies's Operational (Scope 1+2) Emissions Pathway

2020202420300350 k700 k1.05 M1.4 MBaselineCurrent (-16%)Target 2030 (-50%)
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