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Jan. 28, 2020, 2:26 a.m. EST

J. Sainsbury to invest $1.31 billion toward net zero emissions by 2040

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By Adriano Marchese


Reuters
Shoppers walk past the first 'till-free' Sainsbury's store in London, Britain, May 1, 2019.

J Sainsbury PLC said Tuesday that it would commit 1 billion pounds ($1.31 billion) over the next two decades toward the goal of becoming a net-zero emissions business.

The U.K. retailer /zigman2/quotes/206038250/delayed UK:SBRY +2.01%  said the earmarked funds will be used over the next twenty years with a focus on reducing carbon emissions, food waste, plastic packaging, and water usage. The commitment will also include increasing recycling and healthy and sustainable eating.

Sainsbury’s said the commitment will also include working collaboratively with suppliers and encouraging their own carbon-reduction commitments.

/zigman2/quotes/206038250/delayed
UK : U.K.: London
195.00 p
+3.85 +2.01%
Volume: 19.95M
Sept. 18, 2020 4:35p
P/E Ratio
33.45
Dividend Yield
1.69%
Market Cap
£4.32 billion
Rev. per Employee
N/A
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