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European Climate Pact

Overview

Location

France

Sector

Wholesale and retail trade

Organisation type
Business

Company Information

ELO brings together 3 autonomous companies with complementary businesses active in the retail, real estate operations and financial services sectors. It is headquartered in Croix, French. In 2021 the Group reported a total of 164,180 employees and a revenue of 31 billion Euro.*

*Source

 

GHG Emissions

Our actions – the Pathway

  • ELO has a target to reduce absolute scopes 1 and 2 CO2e emissions 46% by 2030 from a base year of 2019. This is a year-on-year reduction rate of 4.2% over the next 9 years

Pledge: Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

Have scope 1+2 GHG emissions verified through a third party verification or assurance process

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Energy

North Star

  • ELO has a company-wide target to consume 100% of electricity from renewable sources by 2030 from a baseline of 13.3% renewable electricity consumption in 2019

Pledge: Have a target for 100% renewable electricity consumption by no later than 2050, in line with the RE100 technical criteria 

How we want to achieve this – our roadmap

  • Have a target to improve energy efficiency

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • ELO have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

Our actions – the Pathway

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues

MRV: Pact MRV in place

Status date: Submitted (28/07/2022)

Data source: CDP Climate Change 2022