Net-Zero Target Jerónimo Martins - SGPS, S.A. commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets Energy & Industry: Jerónimo Martins commits to reduce absolute scope 1 and 2 GHG emissions 55% by 2033 from a 2021 base year. Jerónimo Martins also commits to reduce absolute scope 3 GHG emissions from purchased goods and services and use of sold products 33% by 2033 from a 2021 base year. FLAG: Jerónimo Martins commits to reduce absolute scope 1 and 3 FLAG GHG emissions 39.4% by 2033 from a 2021 base year.* Jerónimo Martins commits to no deforestation across its primary deforestation-linked commodities with a target date of December 31st 2025. *The target includes FLAG emissions and removals. Long-term targets Energy & Industry: Jerónimo Martins commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2045 from a 2021 base year. Jerónimo Martins also commits to reduce absolute scope 3 GHG emissions 90% by 2050 from a 2021 base year. FLAG: Jerónimo Martins commits to reduce absolute scope 1 and 3 FLAG GHG emissions 72% by 2050 from a 2021 base year.* *The target includes FLAG emissions and removals.