11 August 2022, Mumbai:
Burberry receives SBTi approval for the net-zero emissions target.
Burberry is the first luxury fashion brand and one of the first companies globally to receive approval from the Science Based Targets initiative (SBTi) for its net-zero emissions target.
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This validation confirms that the goals Burberry has set to reach net-zero emissions by 2040 are based on the latest climate science and meet the urgent need to keep warming to 1.5°C in line with the Paris Agreement. Burberry’s net-zero target is underpinned by a series of commitments across scope 1, 2, and 3 emissions.
In the near term, we commit to reducing absolute scope 1 and 2 greenhouse gas (GHG) emissions 95% by 2023 from a 2017 base year and reduce absolute scope 3 GHG emissions by 46.2% by 2030 from a 2019 base year.
In the long term, we commit to maintaining at least 95% absolute scope 1 and 2 GHG reductions from 2023 through 2040 against an FY2017 base year, while reducing absolute scope 3 GHG emissions by 90% by 2040 from a 2019 base year.
Scopes 1 and 2 cover emissions generated from Burberry’s own operations.
Caroline Laurie, VP of Corporate Responsibility, Burberry: “The Science Based Targets initiative (SBTi targets) 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.
Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative (SBTi companies): “Climate science tells us that we need rapid and deep emissions cuts if we are to achieve global net-zero and prevent the most damaging effects of climate change.
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