Richemont's carbon reduction plans for 2025 and 2030 have been validated by the Science Based Targets initiative
02 Sep 2021
We are proud to share that the Science Based targets we submitted in May have been validated by the Science Based Targets initiative. Developed in line with the objectives of the Paris Agreement, they provide us with a clearly defined pathway to reduce gas emissions and help us prevent the worst impacts of climate change, while future-proofing our business for greener growth.
- reduce absolute Scope 1 and 2 GHG emissions by 46% by 2030 from a 2019 base year
- source 100% of renewable electricity by 2025
- reduce Scope 3 GHG emissions from purchased goods, services and business travel by 55% per dollar value added by 2030 from a 2019 base year
- and ensure 20% of our key suppliers by emissions have SBTs by 2025.
Discover more about our initiatives on our 2021 sustainability highlight here: https://richemontsustainability.com/