GlobeNewswire Inc | Jul 31, 2020 02:00AM EDT

July 31, 2020

Zaandam, the Netherlands, July 31, 2020 Ahold Delhaize today announcesscience-basedclimatetargetsfor 2030thathalvecarbon emissionsfrom its own operationsandthatalsoengagesuppliers and customersinaddressingemissionsfromtheoverallvalue chain.Adopting thesetargetsispart ofthe companysongoingcommitmentto reduce its carbon footprintandmitigateclimate change.

Climate change is impacting our planet and how our food is grown, and it will continue to change our business into the future, said Frans Muller, CEO of Ahold Delhaize. Bysettingambitiousnew targets andby becominga supporter of the Task Force on Climate-related Disclosures,Ahold Delhaizeiscommitting totaking a leading rolein mitigating this global crisis and preparing for a more resilient and healthy future.

Ahold Delhaize andits greatlocal brandswill reduce absolute emissions fromstores, distribution centers, operationsand officesby 50%by 2030,ascompared to the 2018 baseline.To achieve the new targets, Ahold Delhaize and its local brands will accelerateinvestments inrenewable energy andenergy efficiency throughout their operations, improve refrigeration systems, and further move toward low-carbon distribution and logistics systems.

In a new initiative to reduce emissions across the wider food industry, Ahold Delhaize and its brandswill partner with suppliers and engage consumers to reducetheiremissions from the value chain by 15% by 2030, for example by increasing low-carbon products in their assortments and by reducing food and packaging waste. The value chain comprises 95% of Ahold Delhaize's overall impact on climate change.

Thesenew targetscome asthe companyisalreadyon track to achieve its2020goal to reducerelativeemissions by 30% from 2008.TheyfollowAhold DelhaizescommitmentinMarch2019to theScience Based Targets initiative(SBTi).Theinitiativehas assessed and approved the targets as being in line with the latest climate science.

The company will report publicly on itscommitments in the Annual Report.

Cautionary notice

This communication includes forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words such as targets, 2030, ongoing, is, will, setting, becoming, to, leading, future, achieve, goal, helps, need to or other similar words or expressions are typically used to identify forward-looking statements.

Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause actual results ofKoninklijkeAhold Delhaize N.V. (the Company) to differ materially from future results expressed or implied by such forward-looking statements. Such factorsinclude, butare not limited to the risk factors set forth in the Companys public filings and other disclosures. Forward-looking statements reflect the current views of the Companys management and assumptions based on information currently available to the Companys management. Forward-looking statements speak only as of the date they aremadeand the Company does not assume any obligation to update such statements, except as required by law.