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.