M-climate fund – climate protection in the value-creation chain
In mid-2021, the initiative was expanded to the entire Migros Group. All Migros companies can now price in their CO2 emissions in order to promote climate protection in the Migros value-creation chain nationally and abroad with the funds generated in this way. If activities are implemented in accordance with international standards (Gold Standard, Plan Vivo), they can also be used to offset the emissions.
There are numerous potential approaches to projects within Migros’ value-creation chains. For example, new production facilities can be set up in nearby countries, which make it unnecessary to import products via air freight. In Switzerland, there are opportunities to improve climate protection within the Migros cooperatives, industry and logistics, thanks to its integrated structure. Sustainable organisation and improved use of space in rice, coffee and tea cultivation offer a good deal of potential for effective climate protection with significant socio-economic benefits.
Implementation takes place via the M-climate fund, which myclimate administers in close cooperation with the Federation of Migros Cooperatives. The climate protection projects financed by the fund support Migros’ goal of reducing its own emissions over the long term as well as the goals of the Science Based Target initiative (SBTi). myclimate is responsible for project assessments, emission calculation, monitoring the respective reduction of CO2 and fund management. The following projects are already being implemented:
With our new sustainability model, we as the Migros Group have set ourselves ambitions climate protection goals conforming to the Paris Agreement. The new M-climate fund enables money to be allocated to implement projects in our own value creation chain. We consider it our responsibility to actively cut emissions in our supply chain. The Foundation myclimate helps us implement these climate protection projects with their many years of experience, and verifies how much CO2 emissions we save in the process.
March 2021: Migros expanded its sustainability scale, M-Check, to include the indicators CO₂-balance and animal welfare. Star ratings on Migros packaging show consumers at a glance how products perform in terms of these two topics. With this, Migros is offering a simple tool for conscious and more sustainable consumption. The more stars there are (a maximum of five), the more climate and animal-friendly the product. The CO2-rating covers criteria such as cultivation, transportation routes and packaging. myclimate analysed the concept and methodology of the rating system as part of an external review and performed random checks.