Supermarket giant Woolworths has become Australia's first corporate retailer to have its emission reduction goals endorsed by an independent, UN-backed body amid rising pressure from investors for companies to take climate action seriously | domp
Supermarket giant Woolworths has become Australia's first corporate retailer to have its emission reduction goals endorsed by an independent, UN-backed body amid rising pressure from investors for companies to take climate action seriously.
"We're definitely having more conversations with investors on this, but it's coming up across the board from a lot of our stakeholders, including our team members and customers," she said. These will include a widespread rollout of solar panels and battery installations at stores and distribution centres, a fleet of electric delivery vehicles, sourcing renewable power, and more energy-efficient in-store lighting and refrigeration systems.
James Cook, chief investment officer at ESG-focused fund U Ethical, welcomed the move by Woolworths and its retail peers despite the slightly "disparate" nature of the companies' climate goals.
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