Ocado Retail - a joint venture between Ocado Group and Marks & Spencer and the world’s largest dedicated online supermarket - is the first grocery retailer to have signed a carbon dioxide removal agreement with Climeworks. Joining other pioneering companies like Microsoft and Shopify, Ocado Retail is helping to pave the way for a more sustainable future.
Climeworks will permanently remove more than 1’000 tons of CO₂ from the atmosphere for Ocado Retail via direct air capture and storage, the equivalent of what the online supermarket will emit over the next seven years at its headquarters. Climeworks’ carbon removal solution thus helps to make Ocado Retail's head office net zero.
Climeworks extends its carbon dioxide removal service to a new industry with Ocado Retail
The agreement is the latest addition to Ocado Retail’s overarching sustainability strategy to become entirely net zero by 2040. As well as working to remove residual emissions, Ocado is working to reduce emissions across its entire operations.
Carbon dioxide removal is an important tool in the fight against climate change. The IPCC clearly states that in order to limit global warming to 1.5°C, carbon removal solutions like direct air capture and storage are urgently needed on a large scale because they allow to remove historic and residual CO₂ emissions. More companies, like Ocado Retail, purchasing Climeworks’ high-quality carbon removal means a growing demand for such solutions, which, in turn, supports the technology’s scale-up: the direct air capture capacity will be further increased to meet this growing demand until it reaches climate-relevant scales.
For the full English press relase, see here.