G20 Foundation Publications China 2016 | Page 102

CLIMATE CHANGE & SUSTAINABILITY JERÓNIMO MARTINS BUILDING THE FUTURE SINCE 1792 JERÓNIMO MARTINS www.jeronimomartins.pt 102 In 2016, Jerónimo Martins celebrates its 224th anniversary. With over two centuries of expertise in the food business, sustainability has a deep meaning for the Company as it is the expression of a spirit of entrepreneurship and economic, social and environmental responsibility – one that is embedded in the Group’s DNA from the very beginning. Established in 1792 in Lisbon in the historical and commercial Chiado barrio, the Jerónimo Martins small shop soon gained fame for its exquisite food products, later becoming the Portuguese royal family’s official supplier. In the 20th century, the already family-owned Jerónimo Martins Company diversified the business by investing in manufacturing through a partnership with Unilever, established in 1949. It was during the 1980’s and 1990’s that the Group went through yet another turning point: a new focus on Modern Distribution. That’s when the Pingo Doce supermarket chain was born, being shortly followed by the acquisition of the Recheio cash-and- carry network in Portugal. In 1995, we took the first steps to expand internationally with the launch of the then hard-discount