Difference between revisions of "AholdDelhaize"

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== Climate Policy and Plans ==
== Climate Policy and Plans ==


The main two targets set for carbon emissions include"
The main two targets set for carbon emissions include:
 
1. the commitment to become a net-zero company for scope 1 and 2 by 2040
1. the commitment to become a net-zero company for scope 1 and 2 by 2040
2. and become net-zero for scope 3 by 2050.
2. and become net-zero for scope 3 by 2050.


Revision as of 11:35, 6 April 2022

Naam van het bedrijf
Bedrijf Logo
Quick Facts
TypePublic (N.V.)
sectorRetail
Headquarters (Benelux Organization)Zaandam, Netherlands
Year of Origin2016
Emissions (All Scopes)70.5 Megatons of CO2
Total RevenueEUR 75.6 billion (2021)
Stock ExchangeAmsterdam
Key People
  • Frans Muller (President and CEO)
  • Kevin Holt (CEO AholdDelhaize USA)
  • Wouter Kolk (CEO AholdDelhaize Europe & Indonesia)
  • Natalie Knight (CFO)
Number of Employees413,000
Subsidiaries
  • Delhaize (Belgium and Luxemburg)
  • Albert Heijn (Belgium and the Netherlands)
  • Bol.com (Belgium and the Netherlands)
  • Albert (Czech Republic)
  • Alfa Beta Vassilopoulos (Greece)
  • Ena (Greece)
  • Super Indo (Indonesia)
  • Pingo Doce (Portugal)
  • Mega Image (Romania)
  • Maxi (Serbia)
  • Tempo (Serbia)
  • Etos (Netherlands)
  • Gall & Gall (Netherlands)
  • Bottom Dollar Food (USA)
  • Food Lion (USA)
  • FreshDirect (USA)
  • Giant (USA)
  • Giant Food (USA)
  • Hannaford (USA)
  • Stop & Shop (USA)
  • Peapod (USA)
  • Bfresh (USA)
  • Eastside Marketplace (USA)

Koninklijke Ahold Delhaize N.V, stylized as Ahold Delhaize, is a Dutch multinational company owning various brands active in the food and retail sector. It was founded in 2016 after Ahold and Delaize Group merged.[1] The company is headquartered in Zaandam, the Netherlands, and is active in various European countries, the US and Indonesia. In the Netherlands the company's brands include: Albert heijn, Bol.com, Etos, and Gall&Gall. Ahold Delhaize's brands employ 413,000 associates in around 7,425 local groceries, small format, and specialty stores.[2] The company’s shares are listed on Euronext Amsterdam and Brussels and had a revenue of €75.6 billion in 2021.[3]

Company Structure

Ahold Delhaize Executive committee 2021[4]
Name Function Remuneration x1000EUR
Frans Muller Chief Executive Officer & Chairman 5,718
Natalie Knight CFO 3,097
Kevin Holt CEO Ahold Delhaize USA 4,868
Wouter Kolk CEO Ahold Europe and Indonesia 2,996
Jan Ernst de Groot Chief Legal Officer Unkown
Natalia Wallenberg Chief Human Resources Officer Unkown
Ben Wishart Global Chief Information Officer Unkown
Ahold Delhaize Supervisory Board 2021[5]
Name Function Remuneration x1000EUR
Peter Agnefjäll Chair member 230
Bill McEwan Vice Chair 162
René Hooft Graafland Member 134
Katie Doyle Member 133
Helen Weir Member 128
Mary Anne Citrino Member 125
Frank van Zanten Member 117
Bala Subramanian Member 89
Jan Zijderveld Member 93

Accountant

On April 14, 2021, the General Meeting of Shareholders appointed PricewaterhouseCoopers Accountants N.V. as the external independent auditor for the Company for the financial year 2021.[6]

Main Activities

Ahold Delhaize is one of the world's largest food retail groups with stores in the United States, Europe, and Indonesia. [7] The company has 55 million shoppers per week in about 7,452 stores.

Government

Ahold Delhaize received Royal Status from Queen Beatrix in 1987. Ahold Delhaize did not receive NOW-support during corona times.

Paris Agreement to Today

In November 2021 ClientEarth and the Plastic Soup Foundation filed a joint complaint against AholdDelhaize at the Autoriteit Financiële Markten (AFM) regarding transparency on the usage of plastic waste. The AFM is the Dutch authority supervising the behavior of participants in financial markets and falls under the supervision of the Dutch minister of finance, which at the time was Wobke Hoekstra. According to the environmental organizations AholdDelaize did reported insufficiently on its plastic waist in their annual report, violating EU guidelines.

In November 2021 AholdDelhaize stated to strengthen their commitments and set the target to reduce the emissions of their own emissions to net zero by 2040. However, this would not include their scope 3 emissions which account for the vast majority of their total emissions.

In may 2021 AholdDelhaize, along with other companies, signed an open letter to the Brazilian government to stop legislation that would make deforestation for agriculture in Brazil (mostly soy) easier. However, according to a Greepeace study Albert Heijn nevertheless makes about 40 million euros of profit from Brazilian soy beans, while 22% of all Brazilian soy exported to Europe is the result of illegal deforestation according to a study in Science magazine.

Financial Results since 2015

Financial situation
Year Revenue Profit Dividend (per common share)
2015[8] 23.2 billion EUR 10.4 billion EUR 0.52 EUR
2016[9] 62.4 billion EUR 13.4 billion EUR 0.57 EUR
2017[10] 62.9 billion EUR 16.7 billion EUR 0.63 EUR
2018[11] 62.6 billion EUR 16.9 billion EUR 0.70 EUR
2019[12] 66.3 billion EUR 18 billion EUR 0.76 EUR
2020[13] 74.7 billion EUR 20 billion EUR 0.90 EUR
2021[14] 75.6 billion EUR 20 billion EUR 0.95 EUR

Scandals and controversies

Any dirt on the companies can be added here.

Current Emissions

Total emissions 70.51 Megatonnes of CO2 (2020)
Scope 1 Scope 2 Scope 3
1.73 Megatonnes of CO2 (2020) 1.85 Megatonnes of CO2 (2020) 65.93 Megatonnes of CO2 (2020)

Scope 1 & 2

Scope 1 and 2 Megatonnes of CO2 (2021)
Type 2021
Scope 1 location based 1.73
Scope 2 Market Based 1.10
Scope 2 Location Based 1.75
Total 5.58

Ahold Delhaize reports its scope 1 and 2 emissions based on the Greenhouse Gas Protocol Corporate Standard. Types of emissions included in Scope 1 and 2 for Ahold Delhaize is Energy Consumption, Refrigerants, and Transport. [15]

Scope 3

The scope 3 emissions are emissions from the company's value chain. By far the biggest portion of Ahold Delhaize’s total emissions can be attributed to their scope 3 emissions. The biggest contribution in scope 3 comes from purchased goods and services, namely 88%.[16] In 2021 Ahold Delhaize' scope 3 emissions were 65.93 Megatonnes of CO2

Ahold Delhaize reports on its Scope 3 emissions with a one-year delay due to the complexity of the data.

Climate Policy and Plans

The main two targets set for carbon emissions include:

1. the commitment to become a net-zero company for scope 1 and 2 by 2040

2. and become net-zero for scope 3 by 2050.

In their 2020 sustainability report Ahold Delhaize put forward two two key ambitions. First of all, they want to reduce absolute emissions from their own operations (scope 1 and 2) by 50% between 2018-2030. Secondly, they want to reduce absolute emissions from their value chain (scope 3) by 15% between 2018-2030. They also aim to be net zero (scope 1,2 and 3) in 2050 and remain under 1.5 degrees celcius as committed through their partnership with the Race To Zero trajectory of Science Based Targets initiative (SBTi).

Ahold Delhaize has put little concrete plans in their 2020 sustainability report to live up to these goals. With regard to scope 1 and 2 emissions the company plans to invest in energy efficiency and reduce energy consumption in their stores. Ahold Delhaize also commits itself to improve its refrigeration systems and accelerate the replacement of hydrofluorocarbons (HFCs). No targets on investments or energy concumption, however, are set in their report on energy consumption in their stores.

The company says it will reduce its scope 3 emissions by relying on improvements from partners in their value chain, for example by developing and implementing new technologies. No specific targets or short term goals have been set for the various sectors in their value chain.

Due Diligence

Keep the broader context in mind. Is the company integer when it comes to deforestation, palm oil, biodiversity, human rights etc etc? Be critical in the sources used here.

Conclusion

Beschrijving of de plannen in lijn zijn met 'Parijs'

References

  1. ↑ https://www.aholddelhaize.com/about/
  2. ↑ https://www.aholddelhaize.com/about/
  3. ↑ https://media.aholddelhaize.com/media/2zdi1gsi/aholddelhaize_ar21_interactive.pdf?t=637819090356130000 p3
  4. ↑ https://www.aholddelhaize.com/about/leadership/
  5. ↑ https://media.aholddelhaize.com/media/2zdi1gsi/aholddelhaize_ar21_interactive.pdf?t=637819090356130000
  6. ↑ https://media.aholddelhaize.com/media/2zdi1gsi/aholddelhaize_ar21_interactive.pdf?t=637819090356130000 p141
  7. ↑ https://www.aholddelhaize.com/about/
  8. ↑ https://media.aholddelhaize.com/media/as2deaxh/ahold_ar15_fullreport_interactive.pdf?t=637526932791570000
  9. ↑ https://media.aholddelhaize.com/media/s1pjua0t/ahold-delhaize-annual-report-2016.pdf?t=637526936571830000
  10. ↑ https://media.aholddelhaize.com/media/g1ujnffp/180302_aholddelhaize_annualreport_2017.pdf?t=637526254704000000
  11. ↑ https://media.aholddelhaize.com/media/rsjhnqh4/ahold-delhaize-annual-report-2018-interactive.pdf?t=637526940345400000
  12. ↑ https://media.aholddelhaize.com/media/1xbnvzzk/ahold-delhaize-annual-report-2019.pdf?t=637526941720330000
  13. ↑ https://media.aholddelhaize.com/media/emmkj0we/annual_report_2020_full_links-1.pdf?t=637526943268000000
  14. ↑ https://media.aholddelhaize.com/media/2zdi1gsi/aholddelhaize_ar21_interactive.pdf?t=637819090356130000
  15. ↑ https://media.aholddelhaize.com/media/2zdi1gsi/aholddelhaize_ar21_interactive.pdf?t=637819090356130000 p262
  16. ↑ https://media.aholddelhaize.com/media/2zdi1gsi/aholddelhaize_ar21_interactive.pdf?t=637819090356130000 p263
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