The European Union Taxonomy (EU) is one of the instruments supporting the European Green Deal. It aims to encourage public and private investment to be allocated to sustainable activities, thereby contributing towards the European Commission’s carbon-neutral targets by 2050. The Taxonomy recognises environmentally sustainable economic activities to be those that:
make a substantial contribution to at least one of the six environmental objectives: i) climate change mitigation; ii) climate change adaptation; iii) the sustainable use and protection of water and marine resources; iv) the transition to a circular economy; v) pollution prevention and control and vi) the protection and restoration of biodiversity and ecosystems;
do no significant harm to any of the other environmental objectives;
meet minimum social safeguards.
Since the European Taxonomy came into force, our main activity, food distribution, has not been included in the Taxonomy’s list of activities, which is why no eligible – or aligned – activities were included in the turnover parameter. As such, only the activities supporting our operations, such as equipment maintenance works and investments carried out in stores, are itemised as eligible and not necessarily the main activities that we carry out, which could make a greater contribution towards the EU’s carbon-neutral targets. This report is aligned with Delegated Regulations (EU) 2023/2485, (EU) 2023/2486 and (EU) 2024/3215.