Cencosud S.A.
Climate Impact & Sustainability Data (2023, 2024-01-01 to 2024-03-31)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:559,947 tCO2e (Scope 1) + 167,717 tCO2e (Scope 2) + 95,338 tCO2e (Scope 3)
Scope 1 Emissions:559,947 tCO2e/year
Scope 2 Emissions:167,717 tCO2e/year
Scope 3 Emissions:95,338 tCO2e/year
Renewable Energy Share:34%
Total Energy Consumption:1,380,152 MWh/year
Water Consumption:7,637,694 m3/year
ESG Focus Areas
- Corporate Governance
- People
- Planet
- Products and Services
Environmental Achievements
- Reduced Scope 1 and 2 emissions by 11% compared to 2022
- Recovered more than 1,800 tons of food through the Food Rescue Program
- Prevented 320 tons of food waste through partnership with Cheaf
- 34% of energy supply from non-conventional renewable energy sources at a regional level
- 3% reduction of water consumption in areas of water stress
Social Achievements
- Launched a new Diversity and Inclusion Strategy
- Women held 37% of leadership positions
- CencoNutrition initiative impacted more than 2,000 people and 102 organizations
- Customer satisfaction rate over 70% regionally
- Launched CencoPay digital wallet
- Cencosud Media expanded to Brazil
Governance Achievements
- Cencosud's Board of Directors approved the Information for the Market Management Manual update
- Humphreys upgraded the risk rating to “AA”
- KPI associated with waste management incorporated into executive compensation from 2024
Climate Goals & Targets
Medium-term Goals:
- 43.1% of women in leadership positions by 2027
- 2% of people with disabilities working at Cencosud by 2027
Environmental Challenges
- Climate change impacts on operations and supply chain
- Waste management
- Food waste
Mitigation Strategies
- Integrated Environmental Management and Energy Efficiency Policy
- Regional quantification plan for greenhouse gas emissions
- Energy Efficiency Plan
- Integrated management plan for the operation's waste
- Food Rescue Program
- Partnership with Cheaf
- Alliance with Food 4 Future
Supply Chain Management
Supplier Audits: 1,756 suppliers evaluated through documentary or on-site evaluations in 2023
Responsible Procurement
- Code of Ethics
- ESG criteria in supplier selection
- Supplier performance evaluations
- Indemnity letters/Agreements for services using external personnel
- Risk assessments of suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Reporting Standards
Frameworks Used: GRI, SASB
Third-party Assurance: Deloitte Chile
UN Sustainable Development Goals
- 2. Zero Hunger
- 3. Good Health and Well-being
- 5. Gender Equality
- 12. Responsible Consumption and Production
- 13. Climate Action
- 16. Peace, Justice and Strong Institutions
Details provided in report on how initiatives contribute to each SDG.
Sustainable Products & Innovation
- A25 dairy and free-range line
- Regenerative livestock meat offer
- Products with sustainability certifications (Blue Seal, Cruelty Free, OEKO-TEX, etc.)
Awards & Recognition
- Solidary Entrepreneur Award (Argentina)
- Various awards listed in Appendix
Reporting Period: 2024-01-01 to 2024-03-31
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Biodiversity
- Circular Economy
- Food Waste Reduction
- Packaging Recyclability
- Human Rights
- Diversity & Inclusion
- Supply Chain Sustainability
Environmental Achievements
- Rescued more than 320 tons of food as of March 2024 through partnership with Cheaf.
- 22% increase in tons of recyclable packaging materials from own brands in 2023 compared to 2022.
- Implementation of cooking oil collection in 10 Prezunic stores in partnership with Cargill to transform into biodiesel.
- Launched Circular Offer products, including trout fed with larvae from Food for the Future (F4F) and Circular Eggs.
Social Achievements
- Honored women employees during Women's Month through various events and recognitions.
- Implemented Retail Support Services (SAR) in Bretas.
Governance Achievements
- Published the 2023 Integrated Annual Report aligned with GRI, SASB, and Financial Market Commission standard No. 461.
- Vespucio Distribution Center received HACCP certification.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI, SASB
Certifications: HACCP
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed