Carrefour’s carbon neutral by 2040 target appears to cover far less than 2% of the company’s emissions. Carrefour announced a new carbon neutrality target for 2040 on the eve of COP26 in October 2021, accompanied by the more specific target to reduce its scope 1 and 2 emissions by 70% by 2040, compared to 2019. This is a direct update of its existing SBTi approved 55% reduction by 2040 target. The significance of these targets is highly limited, since scope 1 and 2 emissions account for just 2% of Carrefour’s emissions. Carrefour’s separate interim target of 29% emission reductions from scope 3 emissions by 2030 is a far more significant target, given that scope 3 emissions account for 98% of the company’s footprint, but these emissions do not appear to be covered by the headline carbon neutrality target.