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REMA 1000 is expanding, so people can buy 'discount with In a time marked by eco- nomic pressure for many Danish households, we con- tinue to inspire our custom- ers to make healthier and more sustainable choices at low prices. With our numer- ous openings of new REMA 1000 stores in former ALDI locations, more customers will have the opportunity to experience our approach to 'discount with attitude'. Sustainable initiatives and investments in 2023 Throughout 2023, we at REMA 1000 have un- dertaken several significant investments and initiatives focusing on more sustainable and en- vironmentally friendly solutions. One important milestone for the present and future has been the transition to electric transport vehicles, with 12 delivered in December 2023 and the remain- ing expected in 2024. As a result of this pur- chase, we are establishing charging stations at our headquarters in Horsens. These stations will be powered, among other sources, by the solar panels on the roof of our newly constructed dis- tribution center. The proportion of electricity consumption in Horsens covered by solar panels increased from 18.9% to 24.2% by the end of the year. This is due not only to increased capacity but also to optimi- sation of the placement and use of solar energy. A significant transition was also made with the switch from fossil CO 2 to biogenic cooling of our trailers, involving a substantial process change in the cooling system. Additionally, we have invest- ed in recycling the excess heat from our refriger- ated and frozen storage facilities. This heat is now reused to heat both offices and logistics facilities. Approval of the aquisition of 113 stores The competition authorities' approval of our acquisition of 113 former ALDI stores is a major milestone in the history of REMA 1000 Denmark and Reitan Retail.
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INTRODUCTION even more h attitude' ENVIRONMENT HEALTH PEOPLE We expect to open new REMA 1000 stores in between 60 and 80 former ALDI locations – meaning we can offer 'discount with attitude' in many more local areas, and our values-based culture will now extend to many new colleagues. We reduce our waste volume and promote a circular economy There are still increasing demands on compa- nies for reporting, due diligence, and trans- parency in the value chain – but also for new environmental initiatives. In 2023, we expand- ed our waste sorting efforts in accordance with new legislation and in collaboration with several key partners. We were already well underway with our waste sorting, exceeding requirements and including more fractions than the law pre- scribed. We do this in close collaboration with our store owners, who welcomed the new waste management initiatives we introduced. Sustainable first choice and prizes we are proud of Throughout 2023, we received several awards for our efforts. In an image survey conducted by Greencheck among 13,000 Danes, we were cho- sen as the brand doing the most for the climate in the grocery trade. We were named the country's second most sustainable brand overall – and for the third year in a row, we were named number 1 in our industry – by Sustainable Brand Index. We also had the honor of receiving the Finance Impact Social Responsibility Award for our store owners and colleagues who support people on the edge of the job market on a daily basis. We were honored with the Loyalty Prize of the Year from the Retail Institute – an acknowledg- ment highlighting that our store owners manage to create a community with values that emo- tionally touch customers – and for the 8th year in a row, we received the Loyalty Award for the highest customer loyalty in the Danish grocery trade. These awards are received with humility and pride, and they oblige and inspire our col- leagues, store owners, suppliers, and partners to make an extra effort every day. In 2024, we face a series of exciting sustaina- bility initiatives while maintaining our focus on offering 'discount with attitude' to our custom- ers. At REMA 1000, it’s not me who’s in charge – the customer is our ultimate boss. Our talent- ed independent store owners are the key to suc- cess through local proximity, and our dedicated colleagues in stores and administration create the magic by delivering 'discount with attitude' through our REMA philosophy every day. I would like to thank all customers, store own- ers, colleagues, suppliers, and partners for their great efforts during 2023. I look forward to con- tinuing the work ahead. 1000 REMA regards, Henrik Burkal, CEO REMA 1000 Danmark REMA 1000 CORPORATE SOCIAL RESPONSIBILITY 2023 2 RESPONSIBLE TRADE APPENDICES
