Musgrave has announced a €25 million investment in SuperValu and Centra stores across the island of Ireland as part of a new sustainability fund aimed at empowering retailers to achieve net zero carbon by 2040.
The fund, which is part of Musgrave’s all-island sustainability strategy, will result in an estimated 12% carbon reduction by the company over a two-year period.
The targeted 12% reduction is equivalent to removing over 10,000 tonnes of carbon, planting 380,000 trees across Ireland, or powering over 5,000 homes, the retailer noted.
In Ireland, Musgrave has pledged to invest €50,000 per SuperValu store and €28,000 per Centra store.
Retailers will have the option to select suitable initiatives based on their stores’ requirements and setup.
It will include upgrading freezers and refrigeration units, installing LED lighting retrofit, solar panels and electronic shelf edge labels.
Musgrave Sustainability Fund
Noel Keeley, CEO of Musgrave Group, said, “There has never been a time in human history when our collective effort will matter more than in dealing with the climate crisis. As a business with a presence in every community across the island of Ireland, we have a responsibility to act, while putting in place genuine and meaningful sustainability policies.
"Building on our work in this area over many years, the Musgrave Sustainability Fund is an important catalyst for real change and will accelerate our ambitious drive to net zero."
Musgrave aims to reduce its carbon emissions and achieve net-zero by 2040, provide consumers with more sustainable shopping choices in-store and work with retailers to make every community in Ireland a sustainable one.
Gerry Doherty, SuperValu and Centra Store owner in Donegal, commented, "The Musgrave Sustainability Fund will make a real difference to stores like ours nationwide and will help us in making significant steps towards achieving our environmental targets.
"In my own stores, we have already reduced our environmental impact through investment in energy efficiencies. This new fund will ensure we can build on these efforts and achieve lasting, sustainable changes that will also help our business grow and thrive for years to come.”
© 2022 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news, click here. Click subscribe to sign up for the Checkout print edition.