Ahold Delhaize

Food Retail

AD.AS

€ 27 0.65

Share price

$ 29 bn

Market Cap

$ 47 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

1.6x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -6.6% weighted average for S&P 500

FY2022

Ahold Delhaize aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2018

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6% weighted average for S&P 500

FY2021

Ahold Delhaize aims to reduce Scope 3 by 15% by 2030 from a base year 2018

This target is most likely outdated and the company appears to have already achieved it

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Ahold Delhaize reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 2,827 Kt (-322 /-10.2% y-o-y). Also positively, carbon intensity was down at 32 t (-4.5 /-12.5% y-o-y).

Ahold Delhaize's Scope 3 emissions plunged to 65,930 Kt (-4,905 /-6.9% y-o-y). The parameter has been fairly volatile.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2018, which translates into the estimated reduction of -118 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 15% by 2030 from a base year 2018, which it appears to have already achieved as of 2020. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	2,827	1,728	1,099		89,729	32
2020Q4	3,149	1,771	1,378	65,930	87,511	36
2019Q4	3,471	1,699	1,772	70,835	74,472	47
2018Q4	3,523	1,816	1,707	70,835	74,236	48
2017Q4	3,472	1,632	1,840		70,993	49
2016Q4	3,905	1,804	2,101		54,769	71