by FoodBizDaily.com staff writer
December 15 2009 - Swedish Axfood AB announced today plans to reduce its climate impact by 75%,as part of a sustainability program adopted by the company's executive management, to be implemented the next 10 years.
To achieve this target Axfood will change over to renewable electricity, improve its handling of refrigerants, reduce its use of diesel fuel, make energy efficiency improvements at stores and climate-neutralize air travel.
Axfood AB conducts food retail and wholesale trade in Sweden. The Group’s retail operations are conducted through the wholly owned Willys, Hemköp and PrisXtra chains, comprising 226 stores in all. In addition, Axfood collaborates with a large number of proprietor run stores that are tied to Axfood through agreements. These include stores within the Hemköp and Willys chains as well as stores run under the Handlar’n and Tempo profiles. In all, Axfood collaborates with some 650 proprietor-run stores. Wholesale business is conducted via Dagab and Axfood Närlivs. Axfood is listed on Nasdaq OMX Stockholm AB’s Large Cap list. Axel Johnson AB is the principal owner with approximately 46% of the shares.
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Axfood AB
Address: Hemvarnsgatan 9 Solna, 171 78 Sweden
Telephone: +46-8-55399000
Fax: +46-8-7302689
About Axfood AB
Axfood AB is a Sweden-based company that conducts food retail and wholesale trade in Sweden. The retail operations are conducted through the wholly owned Hemkop, Willys and PrisXtra chains, comprising 222 stores in total. Hemkop is a food store chain, Willys specializes in the discount retail segment and PrisXtra is a low-price grocery store chain. The Company also collaborates with approximately 500 proprietor-run stores, including stores within the Hemkop, Willys and PrisXtra chains, as well as stores run under the Handlar’n and Tempo profiles. The wholesale operations are conducted through Dagab, which supplies retail food and non-food products to the Company’s own concept stores, and Axfood Narlivs, which is a distributor to non-owned stores within the grocery and convenience store segment. Axel Johnson AB is Axfood’s principal owner with approximately 46% of the shares. The Company is headquartered in Solna (Stockholm), Sweden.