Holdbart is Norway's leading retailer of surplus food items, saving excess products which suppliers are unable to sell to conventional grocery chains and retail outlets. Products that are discontinued, overstocked, nearing their expiry date, or have old or faulty labels can be sold in Holdbart's physical stores or on their website, offered at up to 90% discount compared to their original prices.
Holdbart
Overview
Holdbart at a glance
Key developments 2022
During 2022, Holdbart opened two new stores in Norway and had total store sales growth of 12%. Holdbart continued to strengthen its organization and internal processes, especially through revamped marketing strategy and initiatives within store operations. Inflationary pressures and changing grocery shopping habits contributed positively to like-for-like sales growth, demonstrating the company’s resilient business model. Furthermore, Holdbart acquired its largest supplier, and continued to grow its pipeline of new store locations.
Sector
Food retail / food surplus
Location
Norway
SDG aligment
Revenue (EURm)
Change from ‘21-’22
2022
+0%
51
2021
31
2020
30
Environmental
Carbon intensity: Tons CO₂e per EUR m revenue
Total tons CO₂ emitted
Change from '21-'22
2022
+0%
25 264
2021
19 084
2020
16 954
Monetized climate impact
EURm
The figure represents the monetized value the company has on the environment. See chapter 4 for methodology.
Social
Full time employees
Turnover7%
Unadjusted gender pay gap20%
Gender balance, % females
%
Board
%
Management
%
All employees
Monetized employment impact
EURk
The figure represents the monetized value the company has as a quality employer. See chapter 4 for methodology.
Governance
Via Summa Compliance
%
✔ Code of conduct
✔ Supplier code of conduct
✔ Economic Sanctions
✔ Competition Law/Antitrust
✔ Data Protection/IT Security
✔ Anti-curruption
✔ Whistleblower
Science Based Targets
Holdbart to initiate process to set Science Based Targets in Q2 2023, with target commitment by Q4 2023.
Board Gender Diversity
Plan to improve gender diversity towards 40% has been initiated, with a target date of Q2 2024.
What are the challenges Holdbart addresses?
0k tons
of food wasted in Norway in 2021
0m
of CO₂e emissions from food waste in Norway in 2021
How does Holdbart help?
Reality today
Our food value chain is inefficient, with unnecessary waste from surplus food products due to overproduction, seasonal products, campaigns, and faulty items.
Holdbart approach
Holdbart purchases surplus food items and through its physical retail stores ensures access to affordable food items that would otherwise go to waste.
Aspirational future
A less wasteful, more circular food system that supports access to affordable food.
What impact does Holdbart create?
Tons of food saved
Target 2027: 25 000
2022
+0%
11.3k
2021
7.1k
2020
6.3k
Tons CO₂e averted from food saved
Target 2027: 70 000
2022
+0%
30 487
2021
19 084
2020
16 954
Number of shopping carts
Target 2023: 2.3m
2022
+0%
1.8m
2021
1.5m
2020
1.5m
Who is impacted?
Producers, importers, and wholesalers gain a practical distribution channel for food which otherwise would have been wasted. Consumers across regions in Norway, including lower-income individuals and families, get a more affordable and sustainable shopping basket.
What are the impact considerations?
Additionality
Without Holdbart, a significant amount of food and retail products that could have been sold to consumers would go to waste.
Risks
Holdbart has limited control over the supply of surplus products, which could undermine its ability to consistently stock affordable, sustainable products.