Main own plant-based brands
Carrefour Veggie; Carrefour Bio offers plant-based milks (France)
- Carrefour’s revenues are primarily split between France, Europe and countries in Latin America and Asia. In France, they own around 20% of the market share and they are among the top food retailers in other regions they operate, including Brazil and Argentina, where per capita meat consumption is among the highest in the world. This makes them one of the largest buyers and sellers of meat. For example, the company has said it sells 24,000 tons of unprocessed beef in its Brazilian stores each year.
- The company is one of the few retailers to have an explicit section in its sustainability strategy to double the number of vegetarian products and links this action to the environmental impacts of high meat consumption. They’ve also opened a new small store format in Paris with a high number of plant-based products. However, these actions are only focussed on France, even though the company is exposed to high meat consumption at a global level.
- The company’s work to address the risks of animal protein sourcing (through a Scope 3 target on agriculture, risk analysis on animal proteins, etc) remains incomplete. Further, other than some ad-hoc initiatives, we did not find a comprehensive discussion of how they are addressing the impacts of meat production given their high exposure (beyond a no-deforestation commitment for beef).
- The company has not yet shared any data /metrics to indicate exposure to meat and/or alternative proteins across categories.
- We would encourage the company to continue to broaden its sustainability focus and build a more strategic plan to transition its product portfolio (through, for example, category-based targets) to ensure any exposure to animal proteins is in line with a low-carbon strategy.
No comment provided.