Investor Presentaiton
Distant: Not Measuring USA Gasoline Retail Scope 3 Emissions
Inadequate oversight and lack of attention being devoted to navigating energy transition and opportunity
Scope 3 emissions (which Seven & i states accounts for
90% of overall CO2 emissions) are not measured in
North America, where gasoline retail business has
substantial adverse effects on Seven & i's existing carbon
footprint and exposure to climate-related risks (especially
following the Speedway acquisition)
On the Purchase of Speedway...
"The rationale is to acquire convenience stores, but
petrol sales will increase as a result," said Kazunori
Tsuda, analyst at Daiwa. "With an increased focus on
the ESG agenda, there could be investors who will
hesitate from investing in Seven & i," he added, saying
the company needed to do more to increase its
environmental, social, and governance disclosure.
Financial Times (Source)
SCOPE 1+2
12 companies covered
out of 170+
SCOPE 3
10 Japanese companies covered:
Seven-Eleven Japan, Ito-Yokado,
Seven Bank, ...1
UNMEASURED SCOPE 3
EMISSIONS
Scope 3 emissions are not measured in North America.
90%
of measured
emissions
CO2 Emissions (Tonnes)
45
49
1 Other entities covered: Sogo & Seibu, York-Benimaru, York Mart, SHELL GARDEN, Akachan Honpo, The Loft, and Seven & I Food Systems
Source: Seven & i, CSR Data Book 2020, p.100, 216View entire presentation