Moscow, 26 February 2021 – Forbes has placed X5 Retail Group, a leading Russian food retailer, third on its list of the country's most sustainable companies. This positions X5 Retail Group as the leader in sustainability among Russian retailers.
The list of 30 Russian companies is based on their environmental footprint, investment decisions and policies, pollutant emissions, water and electricity consumption, as well as an assessment of the company from ecologists and sustainability experts.
"Environmental care is one of the things we focus on in our work. To achieve the goals set forth in our sustainable development strategy, we look to adopt best environmental practices at our stores, improve our operations and maintain an active dialogue with our partners. We value being highly commended for these projects, and we remain committed to achieving our environmental goals," said Igor Shekhterman, CEO of X5 Retail Group.
In December 2019, X5 Retail Group's Supervisory Board approved a sustainability strategy centred on the four global sustainable development goals (SDGs) to which X5 can make the greatest contribution. One of them is to promote responsible consumption and use of resources. To that end, the Company plans to reduce greenhouse gas (GHG) emissions and its total waste generation rate by 30% as well as meet 30% of its energy needs with renewable energy by 2030.
By committing itself to the Science Based Targets initiative (SBTi) in 2020, X5 undertook to set targets for lower GHG emissions in order to further the goals of the Paris Agreement. The Company also intends to achieve carbon neutrality by 2050.
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