Burberry announced today that its carbon reduction targets to reach net-zero emissions by 2040 have been approved by the Science Based Targets initiative (SBTi).
Burberry has become the first luxury brand to receive approval from SBTi, which assesses companies climate action and ensures they are in line with the Paris Agreement.
The fashion giant’s net-zero ambition for 2040 targets Scope 1, 2 and 3 emissions. Scopes 1 and 2 cover emissions generated from Burberry’s own operations, such as electricity and gas in stores, manufacturing hubs and offices. Scope 3 refers to emissions in its extended supply chain, such as energy usage by manufacturing and material sourcing partners.
It aims to reduce Scope 1 and 2 emissions by 95% by 2023, compared to 2017 levels. Scope 3 emissions will be reduced by 46.2% by 2030, compared to 2019 levels.
Caroline Laurie, vice president of corporate responsibility at Burberry, said: "The Science Based Targets initiative (SBTi) plays a critical role in ensuring ambitions set by businesses are in line with the latest climate science and will contribute to tackling the climate emergency. Rooting our commitments in science has always been a priority at Burberry, so we can ensure the steps we are taking will have the necessary impact and bring about lasting change.
"We continue to challenge ourselves to drive measurement, improvement and transparency across our operations and we are committed to continue working with our suppliers and partners to accelerate the adoption of more sustainable practices. We hope this encourages others to do the same."
Source: Drapers Online