Environmental sustainability including our net-zero commitments and decarbonisation journey has been embedded within our strategic priorities for years and remains an important component of our strategic direction. Key elements of our transition plan have evolved since 2020 when we made our initial science-based target commitment. As described above we are working to bring all elements together in one coherent transition plan, to be approved by Executive Group Management (EGM) and the Board of Directors (the Board) which is a key action for 2025.

Key elements of our transition plan have evolved since 2020 when we made our initial science-based target commitment. As described above we are working to bring all elements together in one coherent transition plan, to be approved by Executive Group Management (EGM) and the Board of Directors (the Board) which is a key action for 2025.

Key elements of our transition plan have evolved since 2020 when we made our initial science-based target commitment. As described above we are working to bring all elements together in one coherent transition plan, to be approved by Executive Group Management (EGM) and the Board of Directors (the Board) which is a key action for 2025.

The Science-Based Target initiative validated our near-term emission reduction target in 2023, which implies reductions across scope 1 and 2 by 46.5%, and reductions in scope 3 by 27.6% by 2030.

For 2025, our goal is to achieve a 4.7% reduction from our baseline in each of Scope 1, Scope 2, and Scope 3 emissions. Throughout 2025, we will also establish specific reduction targets for individual Scope 3 categories. This effort is part of our broader strategy to meet our near-term target for 2030 and our net-zero ambitions in the long run.

In 2022, we committed to becoming net-zero by 2030 across scope 1 and 2 (market-based) and by 2040 across scope 3 categories. These net-zero targets are set in-house and are in addition to our validated near-term targets. Our net-zero targets are measured against a 2019 baseline, which we believe is unaffected by extraordinary events or circumstances, unlike the Covid-19 effects that impacted 2020.

Our net-zero targets assume an absolute reduction of at least 90% of our carbon emissions against the 2019 baseline. This includes an absolute reduction of 90% for each of scope 1 and 2 by 2030, and for scope 3 by 2040. These targets do not adjust for future developments.

For scope 1 emission reductions we have set a target of transitioning our fleet of vehicles to zero-emission vehicles by 2030. The target was set in 2020.

For scope 3 emissions we have set targets for reducing emissions from food by 25% in 2030 and reducing food waste by 50% by 2027 both against a 2019 baseline. In 2024 we reached the midway point in our food emission target having reduced food emissions by 13% against our 2019 baseline, while our food waste reductions reached 49% against our 2019 baseline almost meeting our 2027 target.

During 2025, we will use our improved insights into our carbon emission profile to map our decarbonisation journey by decarbonisation lever across scope 1, 2 and 3 against our stated emission reduction targets as part of completing our transition plan as described in E1-1. We expect to have a residual emission of up to 10% of our 2019 baseline value, which is expected to be offset.

The undertaking has established GHG emission reduction targets. These targets are disclosed as a 4.7% reduction from the baseline in each of Scope 1, Scope 2, and Scope 3 emissions for 2025. Additionally, there is a commitment to a 90% reduction in carbon emissions against the 2019 baseline for Scope 1 and 2 by 2030, and for Scope 3 by 2040. The targets are measured against a 2019 baseline.

The undertaking has established greenhouse gas emission reduction targets. These targets include a 4.7% reduction from the baseline in each of Scope 1, Scope 2, and Scope 3 emissions for 2025. There is also a commitment to a 90% reduction in carbon emissions against the 2019 baseline for Scope 1 and 2 by 2030, and for Scope 3 by 2040. The targets are measured against a 2019 baseline.

The undertaking has established targets for reducing greenhouse gas emissions. These targets are disclosed as a 4.7% reduction from the baseline in each of Scope 1, Scope 2, and Scope 3 emissions for 2025. Additionally, there is a commitment to a 90% reduction in carbon emissions against the 2019 baseline for Scope 1 and 2 by 2030, and for Scope 3 by 2040. The targets are measured against a 2019 baseline.

The undertaking has established targets for the reduction of greenhouse gas emissions. These targets include a 4.7% reduction from the baseline in each of Scope 1, Scope 2, and Scope 3 emissions for 2025. There is also a commitment to a 90% reduction in carbon emissions against the 2019 baseline for Scope 1 and 2 by 2030, and for Scope 3 by 2040. The targets are measured against a 2019 baseline.

The undertaking has established greenhouse gas emission reduction targets. These targets are disclosed as a 4.7% reduction from the baseline in each of Scope 1, Scope 2, and Scope 3 emissions for 2025. Additionally, there is a commitment to a 90% reduction in carbon emissions against the 2019 baseline for Scope 1 and 2 by 2030, and for Scope 3 by 2040. The targets are measured against a 2019 baseline.

The percentage reduction in Scope 1 Greenhouse gas emissions compared to the base year is 14% for 2024 compared to 2019.