The initiative is part of the discounter’s continued commitment to sustainability and translates into annual savings of 400 kilograms of paper per outlet.
The initiative follows a successful pilot in one store last October, and it will now be gradually extended to the entire network.
The retailer estimates that the move will help save at least 108 tonnes of paper annually, in more than 270 shops that the Schwarz Group-owned retailer operates in Portugal, preventing the cutting-down of approximately 1,485 trees.
Digital Price Tags
Digital price tags will enable price and information changes almost in real time, ensuring the optimisation of processes.
The battery-powered tags, directly connected to the stock management system, will receive all information automatically, thus ending the complex process of printing and placing new prices in shops, which was previously done manually.
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The transaction is aligned with the conditions established by the Sustainability Linked Loan Principles and indexed to the objective of improving the company’s ESG rating.
The move will consolidate the link between Lidl’s financing costs and the sustainability performance of its parent company, the Schwarz Group, with the aim of achieving ‘best-in-class’ targets in ESG indicators.