Carrefour SA

Boulogne-Billancourt, Francewww.carrefour.com
Invested through
  • Triodos Impact Mixed Fund - Neutral
  • Triodos Euro Bond Impact Fund
Asset ClassesCorporate bonds & Sub sovereign bonds
Impact strategyImpact Equities and Bonds
Industry groupFood and Staples Retailing
Aligned with SDGs
  • Zero Hunger
  • Good health and well-being

A French multinational retail conglomerate, Carrefour is one of the biggest food retailers in Europe and Brazil. The company operates through a network of consolidated and franchised stores, and stores that it runs with local partners. The company's five business lines or retail formats are supermarkets, hypermarkets, convenience stores, cash & carry stores, and eCommerce. Apart from food, the company retails a broad range of non-food products and services also under own brand including: clothing, electronic, decorative and cultural goods; financing solutions, entertainment, pharmacy products and petrol. Opening its first shop in 1960 in Annecy, France, today Carrefour has 12,225 stores in over 30 countries.

Investment rationale

A healthy diet is essential for good health and nutrition and one important step in ensuring this is by increasing access to affordable, nutritious food. Carrefour's positive impact stems from accessibility and affordability of fresh, healthy, organic, and local food. Providing healthy products more conveniently could help and encourage customers to make healthier meal choices.

Carrefour uses short supply chains that promote seasonal crops produced locally to ensure freshness of products while limiting fuel consumption and boosting the local economy. The company also promotes sustainable sourcing and responsible agricultural practices, such as organic farming and agro-ecology. For instance, the company supports producers and farmers that are converting to organic farming practices via long-term partnerships.