Greenhouse gas (GHG) emissions are one of the major causes of rising global warming. CO2, Methane & NOx gases form a major part of greenhouse gases released from fossil fuels such as oil and gas. Due to rising GHG emissions from the operations of companies, it became important among major contributing sectors to report GHG emissions during their operations.
Several retailers, including Walmart, already measure their carbon footprints and climate change programs. Retailers generate a significant portion of their carbon footprint in their stores. In a retail outlet, heating, lighting, air conditioning, ventilation, cooking, and refrigeration are the main factors for direct energy consumption, and therefore carbon emissions.
Coles Group Ltd (Coles) is a retailer of general merchandise. The company's products include groceries, baby products, bakery products, dairy, deli, fish and seafood, fresh fruit and vegetable, mobile phones and tablets, gift cards, health and beauty, tobacco, pet products, household items, stationery and media, liquor, and meat products, among others. Coles operates supermarkets, liquor shops, and Coles online stores in Australia.
In 2021, the total GHG emissions of Coles were 1,846 thousand tonnes of CO2 equivalents, a decrease of 2% over 2020.
GHG emissions are generally classified into Scope 1, 2, and 3 emissions. Scope 1 includes direct GHG emissions from sources owned or controlled by the company. Scope 2 encompasses indirect emissions resulting from the generation of energy that the company purchases, such as electricity. Scope 3 involves other indirect emissions that relate to the emissions produced in the company’s value chain from upstream and downstream activities.
In 2021, Scope 2 emissions form the major portion of Coles’ total GHG emissions, accounting for 1291.2 thousand tonnes of CO2 equivalent (69.9% of the total GHG emissions), a decrease of around 1.3% from 2020. In 2021, the company's Scope 1 emissions (287.9 thousand tonnes of CO2 equivalent) decreased by around 6%, and Scope 3 emissions (266.9 thousand tonnes of CO2 equivalent) decreased by less than 1% over 2020.
Coles aims to reduce combined Scope 1 and 2 greenhouse gas emissions by more than 75% by the end of 2030 (from a 2020 baseline) and achieve net zero greenhouse gas emissions by 2050.
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