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Co-op unveils major carbon plan
Initiatives include selling fully carbon-neutral own-brand food, and price matching plant-based food against meat equivalents
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The Co-op has unveiled plans to sell fully carbon-neutral own-brand food and drink by 2025.
The move, which it described as a world first by a major supermarket, is part of a ten-point climate plan to achieve net zero carbon emission by 2040, ten years ahead of the government’s ambition.
The plan covers everything from food products and packaging to power and pension fund investments, and details how the Co-op will reduce the direct and indirect impacts of all the food and drink it sells and its wider operations. The retailer also reported that it has achieved carbon neutral status across its Food, Funeralcare, Insurance and Power businesses, including its 2,600 food stores and 800 funeral homes.
‘Reading the writing on the wall’: why Wall Street is acting on the climate crisis Dominic Rushe
Wildfires burned nearly 10.4m acres across the US last year. The most costly thunderstorm in US history caused $7.5bn in damage across Illinois, Iowa, Nebraska and South Dakota. As the climate crisis swept the globe on a biblical scale it left in its wake a record number of billion dollar disasters.
And yet out of these ashes has emerged an unlikely savior: Wall Street. After decades of backing polluters and opposing legislation to rein them in, finance says it’s going green.
A steadily growing trend in investment went fully mainstream in 2020 as a record number of corporations pledged to go “net zero” and move to cancel out the carbon emissions they produce to halt a catastrophic rise in global temperatures.