3 August 2023

REWE and PENNY have committed themselves to define short and long-term company-wide reduction targets in accordance with the scientifical net zero standard of the Science Based Targets initiative (SBTi).

SBTi is a union of the partners CDP, United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) that closely cooperates with academic institutions to develop climate targets in accordance with the requirements of the Paris agreement. SBTi targets are scientifically examined and based on a long-term, comprehensive approach. They are oriented towards the consistent and massive reduction of direct and indirect emissions caused by a company.

With our decision for a net zero target in accordance with SBTi we commit ourselves to take steps to comprehensively and effectively reduce our emissions while at the same time promoting innovative solutions along the entire supply chain.