Main own plant-based brands
Naturalia stores and Casino Veggie, Monoprix Le vegetal, and Franprix veg products
- Groupe Casino’s revenues are primarily split between France and Latin America (primarily Brazil and Colombia), where it is among the top food retailers. They operate in counties with some of the highest per capita meat consumption in the world.
- The company recognises the environmental impacts of animal protein consumption but does not yet explicitly discuss whether high exposure to animal proteins constitutes a risk to its business. They’ve opened three exclusive plant-based stores in Paris in response to growing demand from consumers. 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) is either in progress or is not discussed. Further, other than welfare initiatives, we did not find a comprehensive discussion of how they are addressing the impacts of meat production given their high exposure (beyond work to address deforestation risks in beef).
The company has said they use labelling in France to educate consumers on environmental impacts of products, but the scope and metrics linked to the programme are unclear.
- 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 commentary provided.