Discount Retail Chain Penny Germany (owned by the German REWE Group) have committed to setting short- and long-term company-wide reduction targets in line with the science-based net zero standard of the Science Based Targets initiative (SBTi). The SBTi is a coalition of partners CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and works closely with scientific institutions to develop climate targets that are in line with the requirements of the Paris Agreement. SBTi targets are based on scientific principles, a long-term, holistic approach and are consistently geared towards drastically reducing the company's direct and indirect emissions.
By opting for a net-zero target according to the SBTi standard, we are committing to comprehensive measures that effectively reduce our emissions and at the same time promote innovative solutions along the entire supply chain.
