Together for people and nature

We will reduce greenhouse gas emissions in our own operations and along our value chains to net zero by 2050.

Specifically, this means:

We will cut the greenhouse gas emissions of our operations by 70% compared to 2019 levels by 2030, and by 90% by 2050.

• Since 2021, our businesses have run entirely on renewable electricity. By 2040, all our utilised heat will be renewable and all our refrigerants natural.

• We will only use renewable-energy drive systems in our goods transport by 2040.

• We will reduce energy consumption at our own locations and in our logistics operations by 7% by 2030 compared to 2019 levels.

• We have also pledged to neutralise any remaining greenhouse gas emissions in the long term from 2050 onwards.

Between now and 2050, we will slash the greenhouse gas emissions along our value chains by 90% compared to 2019 levels.

• By 2026, we will ensure that 67% of non-agricultural (non-FLAG) emissions from procured products and services are covered by our suppliers’ science-based reduction targets.

• What's more, we will cut the FLAG emissions caused by procured products and services by a third of their 2019 levels by 2030, and by 72% by 2050.

• By the end of 2025, we will define measures and a target for promoting plant-based nutrition.

• We will lower greenhouse gas emissions from our upstream goods transport by 27.5% compared to 2019 levels by 2030.

• We will cut the greenhouse gas emissions caused by the use of the products we sell by 46.2% by 2030 (specific sub-target for Migrol).

• We have also pledged to neutralise any remaining greenhouse gas emissions in the long term from 2050 onwards.

Migros Bank's specific targets for financed greenhouse gas emissions through its investment and mortgage business will be published shortly.

Between now and 2050, we will make a significant contribution towards protecting land-based, aquatic and oceanic biodiversity for the complete regeneration of nature.

Specifically, this means:

• We are committed to having deforestation-free supply chains in our primary risk commodities cocoa, coffee, palm, soya, beef and wood by 2025, with a cut-off date of 31 December 2020 at the very latest.

• We have set ourselves science-based biodiversity targets for 2026 for land and water as specified by the Science Based Targets Network (SBTN). Objectives in other categories relevant to the Migros Group (e.g. oceans) are being added in stages. In the meantime, we will continue to report on our progress.

• By 2026, Migros Bank will assess its biodiversity risks in accordance with the guidelines of the Task force for Nature-Related Financial Disclosures and the FINMA circular entitled "Nature-related financial risks". It will then integrate material risks into its risk management.

Although biodiversity is a new overall goal, we have already promoted various measures to protect biodiversity on land, in water and in oceans. For instance, Migros became the first retail partner of IP-Suisse more than 20 years ago. We're now Switzerland’s largest purchaser of biodiversity-friendly products bearing the ladybird logo. We have already worked to reduce our water footprint in water-critical areas. In so doing, we are basing our activities on water standards such as SPRING and AWS as well as our own local projects, such as strawberry production in southern Spain.

We are working tirelessly to close our cycles by 2050 in order to protect biodiversity and the climate.

Specifically, this means:

• Between now and 2030, we will halve the food waste in our businesses and at our stores compared to 2017, and support measures in upstream and downstream value chains. This objective is set out in the industry’s action plan, which we have signed.

• By 2030, we will reduce our greenhouse gas emissions by 10% compared to 2019 levels by optimising packaging and reducing operational waste. In addition, all of our plastic packaging is to be 100% recyclable by 2030.

• We will save 100,000 tonnes of CO2e between 2025 and 2030 by promoting the circularity of our products, services and buildings. CO2e is the unit of measurement used to standardise the climate impact of various greenhouse gases, such as methane and nitrous oxide. 100,000 tonnes are roughly equivalent to the annual emissions of 55,000 cars.

We offer all of our customers environmentally, socially and animal-friendly products and services at an affordable price.

Specifically, this means:

• Our products and services comply with our group-wide procurement guidelines on sustainability in every way. These procurement guidelines will be revised in 2025. Until then, the existing group requirements will apply.

We empower our customers to be conscious consumers.

Specifically, this means:

• By 2030, we will provide our customers with transparent information on how all of our own-brand products and services affect the climate, animal welfare and fish stocks. Further dimensions are being analysed on an ongoing basis.

We place the well-being of people at the centre of our activities and promote diversity, inclusion and equal opportunities.

In specific terms, this means:

• Across our value chains, we comply fully with our human rights due diligence obligations in accordance with recognised international regulations and report on our activities transparently.

• By 2025, we will define a target to ensure living incomes and wages in defined high-risk supply chains in accordance with international standards.

• We will achieve an engagement score of 88% in our employee survey by 2025.

• We will maintain an apprentice ratio of at least 3.7% until 2025.

• We will increase the share of women in management positions to 45% by 2025.

• We will create 130 pre-vocational training places by 2025, thereby promoting social inclusion.