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European Climate Pact

Overview

Location

Finland

Sector

Wholesale and retail trade

Organisation type
Business

Company Information

S Group is a customer-owned Finnish network of companies in the retail and service sectors, headquartered in Helsinki.*

*Source

 

GHG Emissions

Our actions – the Pathway

  • S Group has a target to reduce absolute scopes 1 and 2 CO2e emissions 90% by 2030 from a base year of 2015. This is a year-on-year reduction rate of 6.0% 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

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through low-carbon energy generation
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • S Group has a target to consume 100% of electricity from renewable sources by 2030 from a baseline of 50% renewable electricity consumption in 2015

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

 

Forests

Our actions – the Pathway

  • Have at least 90% of commodities certified in a no-deforestation compliant certification
  • Work with direct suppliers to support and improve their capacity to comply with our forests-related commitments, policies, and other requirements
  • Publicly disclose data on forest-related impact to investors through a public platform
  • Have a publicly available forest policy, with well-defined goals and targets, that is used to inform internal decision-making
  • Have board-level oversight of forests-related issues
  • Make a comprehensive forests-related risk assessment, that checks the following criteria: full coverage of relevant operations, considers risks beyond six years and availability of forest risk commodities, quality of forest risk commodities, impact of activity on the status of ecosystems and habitats, social impacts, and includes local communities; Stakeholders considered is local communities
  • Assess company and suppliers' compliance with forests regulations and/or mandatory standards when sourcing commodities from regions with high deforestation risk 
  • Have a system to control, monitor, and verify compliance with no-deforestation policies/commitments that covers all relevant operations and supply chains and shows more than 90% of total volume in compliance

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Forests 2022

 

Governance & Strategy

Our actions – the Pathway

  • 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 (26/07/2022)

Data source: CDP Climate Change 2022

 

 

Value chain engagement

North Star

  • S Group has a supplier engagement target to get 67.0% of its suppliers by procurement spend to set a science-based emission reduction target

Pledge: Have a supplier engagement target in order to reduce scope 3 GHG emissions, to get a share of our suppliers by procurement spend set science-based GHG emissions reduction targets in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

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

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022