Jerónimo Martins is the food retail company with the best CDP score worldwide
• CDP assigned the Group an ‘A’ (the highest score) the Group’s performance under ‘climate change’ and ‘water security’ programmes
• Jerónimo Martins is also the only food retailer worldwide to score an A- (Leadership level) in managing the commodities associated with deforestation risk: palm oil, timber, cattle and soy
• Assessment encompassed more than 18,700 companies across the globe, which represent half of global market capitalisation
CDP - Disclosure Insight Action has just released its annual assessment and, for the third consecutive year, the Jerónimo Martins Group is ranked first in the sector worldwide for its performance – and transparency in reporting – in the fight against climate change, water security, and the fight against deforestation. In the three programmes assessed by CDP, the Jerónimo Martins Group was awarded the top score (A) in the first two (climate change and water) and leadership level (A-) in managing all the commodities associated with deforestation risk: palm oil, timber, cattle and soy. No other food retailer, worldwide, achieved such a high score.
Pedro Soares dos Santos, Chairman and CEO of the Jerónimo Martins Group states that “the consolidation of our leadership position worldwide in these challenges shows that we are on the right track in the sustainable management of our businesses and that the transparency with which we report on our activities and their impacts is widely recognised. It is with great satisfaction, and also with a reinforced sense of responsibility, that we receive the good news the CDP annual assessments have brought us. This year we are celebrating our Group's 230 anniversary and I’m certain that only companies with a very strong commitment to the economic, social and environmental sustainability of their business, with societies and also with the planet, are able to achieve such longevity.”
Maxfield Weiss, Executive Director of CDP Europe said: “CDP saw nearly 20,000 companies disclose environmental data this year, including 70% of European companies by market value. COP27 showed the need for transformational change is more critical than ever if we are to limit warming to 1.5 °C. We must cut emissions by half and eliminate deforestation by 2030, alongside achieving water security on the same timescale. CDP A-list companies are showing that they are ahead of the game – taking clear actions to reduce emissions and to address environmental impacts throughout their value chains. This is the type of environmental transparency and action we need economy-wide to prevent ecological collapse. ”
These results reflect the Jerónimo Martins Group's best practices in finding a balance between economic prosperity, social development, and environmental preservation, which have been recognised internationally with inclusion in more than 100 sustainability indices, among which the Euronext Vigeo-Eiris Eurozone 120 and Europe 120 indices, and the FTSE4Good Global and Europe Indices.
CDP is a non-profit organisation that encourages companies and cities to measure and manage environmental and climate change opportunities and risks. Each year, the CDP collects information through its ‘climate change’, ‘deforestation’ and ‘water security’ questionnaires. In 2022, more than 680 financial institutions with approximately €130 trillion in assets requested businesses to disclose information on their environmental impacts, risks and opportunities through CDP. Over 18,700 companies representing half of global market capitalisation responded.