MAXIMA GRUPĖ receives SBTi validation for its greenhouse gas emissions reduction target - Seite 2

When it comes to our Scope 3 emissions, we have already established and allocated product-related emissions to every supplier who we work with. We see that a lot of major suppliers are the subjects of the Corporate Sustainability Reporting Directive and the forthcoming Corporate Sustainability Due Diligence Directive, thus the regulatory environment shall be pushing them towards setting greenhouse gas emissions reduction goals along with our efforts.

About the Science Based Targets initiative

The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.

The initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.

According to the SBTi guidelines, greenhouse gases are assessed and reduced in three areas. Scope 1 greenhouse gas emissions arising from and associated with the direct activities of the enterprise, Scope 2 GHG emissions result from the production of electricity or heating consumed by the Group, and Scope 3 GHG emissions come from the value chain and are emitted while cultivating, producing, and transporting the goods.

Additional information

More details on our climate action plans and ambitions, including the performance and due processes shall become available with our corporate social responsibility report later this spring, and shall be updated on annual basis.

"Maxima Grupė" manages retail chains "Maxima" (in the Baltic countries), "Stokrotka" (in Poland), "T-Market" (in Bulgaria), and the online food store "Barbora," operating in the Baltic countries and Poland.  
"Maxima Grupė" is part of the "Vilniaus prekyba" group of companies. Through its other subsidiary companies, "Vilniaus prekyba" controls investments in retail and pharmacy chains, as well as real estate development and rental service companies in the Baltic countries, Sweden, Poland, and Bulgaria. 

Contact Person: 
Lukas Radžiūnas 
Head of Corporate Affairs and Communications 
[phone] 
[e-mail]