Climate Change Data

Empire Company Limited and Sobeys Inc.

Climate Impact & Sustainability Data (2024)

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:18,281,310 tCO2e/year (Scope 3)
Scope 1 Emissions:336,560 tCO2e/year
Scope 2 Emissions:215,360 tCO2e/year
Scope 3 Emissions:18,281,310 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Scope 1 & 2 Intensity (kgCO2e/sq ft)

ESG Focus Areas

  • Climate Change

Environmental Achievements

  • Invested approximately $50 million in over 500 carbon-reduction projects, including eliminating ozone-depleting refrigerants, upgrading HVAC systems, installing AI energy monitoring systems, and adding solar panels.
  • Reduced Scope 1 and 2 emissions by almost 27% compared to the 2019 base year.

Social Achievements

  • Not disclosed

Governance Achievements

  • Established a Climate Action Plan governance structure with board and management oversight, including working groups focused on emissions reduction initiatives.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero by 2040 for Scope 1 and 2 emissions.
  • Achieve net-zero by 2050 for Scope 3 emissions.
Medium-term Goals:
  • Reduce Scope 3 emissions from fuel sold at filling stations by 28% by 2030.
Short-term Goals:
  • Reduce absolute Scope 1 and 2 GHG emissions by 55% by 2030 from a 2019 base year.
  • Reduce absolute Scope 3 GHG emissions by 28% by 2030.
  • Have 64% of suppliers (by spend) set science-based targets on their Scope 1 and 2 emissions by the end of calendar year 2027.

Environmental Challenges

  • Scale of decarbonizing the business and value chain requires transformational change.
  • Scope 3 emissions reductions require collaboration with suppliers, industry, government, and customers.
  • Increased refrigerant system maintenance and improved data systems led to a 4.5% increase in emissions compared to the previous year (though conversions from high GWP refrigerants lowered emissions by approximately 3%).
  • Increased Scope 3 emissions due to organic growth in purchased goods and fuel sold.
Mitigation Strategies
  • Implementing Climate Action Plan: Phase 1 (fiscal 2024-2026) focusing on Scope 1 and 2 emissions reduction.
  • Partnering with CDP Supply Chain program to engage suppliers in setting science-based targets.
  • Collaborating with fuel suppliers to increase the availability of lower carbon-intensity fuel.
  • Continuing to convert high GWP refrigerants to low GWP refrigerants.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • CDP Supply Chain program engagement

Climate-Related Risks & Opportunities

Physical Risks
  • Chronic temperature rise
  • Extreme heat
  • Extreme rain and flooding
  • Wildfires
  • Hurricanes
Transition Risks
  • Refrigerants
  • Renewable energy
  • Food waste
  • Climate integration & reporting
Opportunities
  • Reduced emissions
  • Reduced maintenance costs
  • Reduced energy costs
  • Reduced future carbon tax or offset costs
  • Access possible incentives
  • Boost brand reputation

Reporting Standards

Frameworks Used: IFRS S1, IFRS S2, TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed