Commercial, Energy Efficiency, GHG Emissions  -  March 23, 2023

MAXIMA GRUPĖ Commits to SBTi with 42% Reduction

MAXIMA Group, a group of retail chains and e-shops located in the Baltic States, Poland, and Bulgaria, makes a commitment to reduce its environmental impact by 2030 and join the Science Based Targets initiative (SBTi). 

The company plans to adhere to the SBTi guidelines by reducing its environmental impact across all five of the Group’s market areas. The Group’s companies, which operate in Lithuania, Latvia, Estonia, Poland, and Bulgaria, jointly plan to reduce direct and indirect GHG emissions (Scope 1 and Scope 2, respectively) at the Group level by 42% by 2030, compared to its baseline year 2021.

It is expected that during the next seven years, the companies that MAXIMA GRUPĖ manages will invest up to 100 million EUR in the implementation of various initiatives, such as energy efficiency solutions, the expansion of renewable energy adoption, and the gradual transition to the use of refrigerants with a lower environmental impact.

In 2022, the Group’s overall energy consumption was 4% less than in 2021, even though the number of stores the Group operates has increased. Companies the Group manages are also taking the initiative: Maxima Lithuania plans to build a new warehouse with controllable temperature and technologies that facilitate efficient electricity use and keep products fresh longer.

“We are a large group of companies – in five countries we operate more than 1,500 stores, visited by 1.6 million people every day. Therefore, we understand that we need to look for effective solutions to reduce the environmental impact of our activities. For several years we have been implementing unification of formats of our stores and we see that we can do our business more efficiently, cost effectively and with lesser impact to the environment. Our greenhouse gas emission reduction targets will be submitted for the approval of SBTi,” said Agnė Voverė, CEO of MAXIMA GRUPĖ, in a statement.