Carrefour

Carrefour Group is a French multinational retail and wholesaling corporation that operates a chain of hypermarkets and supermarkets, providing a wide range of products and services across multiple distribution channels. It is one of the world leaders in food commerce, focusing on quality, traceability, and environmental protection.

Positive signals

Carrefour SA achieved an ESG Risk Rating of 19.7 (Low Risk) from Sustainalytics as of April 2025, indicating strong management of material ESG risks relative to industry peers.

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Carrefour has set a target to reach €5 billion in turnover from organic products, reflecting a strategic commitment to sustainable agriculture, biodiversity protection, and responsible sourcing.

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Carrefour’s Science-Based Targets initiative (SBTi)-approved emissions reduction pathway, set in 2020, aligns with the Paris Agreement and demonstrates a commitment to reducing Scope 1 and 2 CO2 emissions, with 97% of total emissions falling under Scope 3 (primarily from products and packaging).

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Carrefour's energy transition score was rated 72/100 by Vigeo Eiris, significantly above the supermarket sector average of 41/100, reflecting advanced management of direct climate impacts, including store energy consumption reduction and mitigation measures.

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Carrefour has implemented a ban on 100 controversial substances, including nanomaterials such as titanium dioxide, from its own-branded products in France since 2018, demonstrating a proactive approach to product safety and consumer health.

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Concerns

Carrefour has faced at least one product safety allegation in recent years, though the company reportedly took voluntary corrective actions in response.

LOW

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Vigeo Eiris rates Carrefour’s overall carbon footprint as high, with most emissions (97%) in Scope 3, indicating significant indirect climate impact from upstream activities and the supply chain.

HIGH

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A 2025 controversy alert highlighted that Atacadão’s management (a Carrefour subsidiary) proposed a sale to its largest investor, Carrefour, raising governance concerns regarding transparency and minority shareholder protection, pending free float approval.

MEDIUM

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Carrefour faces ongoing exposure to regulatory risks and physical risks from climate change, such as extreme weather events (flooding, hail, snow) that can damage store infrastructure, as noted in its sustainability-linked bond framework.

MEDIUM

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Carrefour’s ban on controversial substances in own-brand products is currently limited to French operations, raising concerns about inconsistent product safety standards across its global footprint.

MEDIUM

Source →

Carrefour

Positive signals

Carrefour SA achieved an ESG Risk Rating of 19.7 (Low Risk) from Sustainalytics as of April 2025, indicating strong management of material ESG risks relative to industry peers.

Carrefour has set a target to reach €5 billion in turnover from organic products, reflecting a strategic commitment to sustainable agriculture, biodiversity protection, and responsible sourcing.

Carrefour’s Science-Based Targets initiative (SBTi)-approved emissions reduction pathway, set in 2020, aligns with the Paris Agreement and demonstrates a commitment to reducing Scope 1 and 2 CO2 emissions, with 97% of total emissions falling under Scope 3 (primarily from products and packaging).

Carrefour's energy transition score was rated 72/100 by Vigeo Eiris, significantly above the supermarket sector average of 41/100, reflecting advanced management of direct climate impacts, including store energy consumption reduction and mitigation measures.

Carrefour has implemented a ban on 100 controversial substances, including nanomaterials such as titanium dioxide, from its own-branded products in France since 2018, demonstrating a proactive approach to product safety and consumer health.

Concerns

Carrefour has faced at least one product safety allegation in recent years, though the company reportedly took voluntary corrective actions in response.

Vigeo Eiris rates Carrefour’s overall carbon footprint as high, with most emissions (97%) in Scope 3, indicating significant indirect climate impact from upstream activities and the supply chain.

A 2025 controversy alert highlighted that Atacadão’s management (a Carrefour subsidiary) proposed a sale to its largest investor, Carrefour, raising governance concerns regarding transparency and minority shareholder protection, pending free float approval.

Carrefour faces ongoing exposure to regulatory risks and physical risks from climate change, such as extreme weather events (flooding, hail, snow) that can damage store infrastructure, as noted in its sustainability-linked bond framework.

Carrefour’s ban on controversial substances in own-brand products is currently limited to French operations, raising concerns about inconsistent product safety standards across its global footprint.

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