Burberry sets science-based target to reduce emissions by 95%
The company is ali...
The UK fashion designer, Burberry, has announced plans to reduce its Scope 1 and 2 emissions by 95% by 2022 against a 2016 baseline.
The company is aligning its goals with the 1.5 trajectory of the Paris Agreement, following science-based targets, edie.net reported.
The luxury fashion house also aims to reduce its Scope 3 emissions by 30% by 2030 against a 2016 baseline.
The targets are an expansion of the previous goal set by the business to become carbon neutral by 2022.
“At Burberry, we are passionate about building a more sustainable future and setting these new targets in line with the latest climate science is an important milestone for us,” stated Pam Batty, Vice President of Corporate Responsibility at Burberry.
“For the first time, we are setting targets for greenhouse gas emissions that apply to our extended supply chain, which is a significant addition to our already ambitious target of becoming carbon neutral in our own operational energy use by 2022.”
“Changing the system requires collaboration, and we will be working closely with our supply chain partners to take the action needed to stay on track and achieve our goals.”
Burberry has become carbon neutral across its operations in the Americas and the UK, as well as its retail stores in the EMEIA region.
Honeywell Commits To Carbon Neutrality by 2035 (NYSE: HON)
Honeywell Commits To Carbon Neutrality In Its Operations And Facilities By 2035
The company has already reduced the greenhouse gas intensity of its operations and facilities by more than 90% since 2004.
Builds on the company's '10-10-10' commitment to reduce greenhouse gas emissions by 10% from 2018 levels, deploy at least 10 renewable energy opportunities and achieve ISO's 50001 Energy Management Standard at 10 facilities by 2024.
Honeywell will continue to support its customers' sustainability goals with innovative new products that reduce greenhouse gas emissions, save energy and support the adoption of renewable energy sources.
Honeywell (NYSE: HON) committed today to become carbon neutral in its operations and facilities by 2035 through a combination of further investment in energy savings projects, conversion to renewable energy sources, completion of capital improvement projects at its sites and in its fleet of company vehicles, and utilization of credible carbon credits. These initiatives represent a continuation of the company's sustainability efforts since 2004, which have already driven a more than 90% reduction in the greenhouse gas intensity of its operations and facilities.
"Companies like Honeywell have a unique role to play in shaping a future that is safer and more sustainable for our children and our grandchildren, and that's why I am pleased to commit to achieving carbon-neutral facilities and operations by 2035," said Darius Adamczyk, chairman and chief executive officer of Honeywell. "Honeywell has a long history of improving our own environmental and sustainability profile while providing innovative products and services that improve our customers' profiles as well. We will continue to invest in our plants and in new technologies that will reduce our carbon footprint and contribute significantly to global efforts to mitigate climate change."
Honeywell's carbon-footprint reduction will continue to be driven through the company's rigorous, end-to-end business operating system. Honeywell's reductions will be reported publicly and third-party verified pursuant to The Greenhouse Gas Protocol. The company's efforts will result in carbon-neutral operations and facilities as it relates to direct emissions ("Scope 1") and indirect emissions from electricity and steam ("Scope 2"). In addition, Honeywell has committed to addressing "Scope 3" indirect emissions, which include emissions in the value chain, by enhancing its existing tracking system and partnering with industry leaders to identify and implement best practices while encouraging customers to adopt Honeywell's climate solutions and products.
Honeywell has a long and successful track record of setting aggressive sustainability targets and exceeding them. In addition to significantly reducing its greenhouse gas intensity, Honeywell has implemented more than 5,700 sustainability projects since 2010, saving an annualized $100 million in costs.
In 2019, Honeywell set a new "10-10-10" target to reduce global Scope 1 and Scope 2 greenhouse gas emissions intensity by an additional 10% from 2018 levels, deploy at least 10 renewable energy opportunities, and achieve certification to ISO's 50001 Energy Management Standard at 10 facilities by 2024. The company is on track to meeting these commitments.
Honeywell's commitment to carbon neutrality builds on the company's decades-long history of innovation to help its customers meet their environmental and social goals. In fact, about half of Honeywell's new product introduction research and development investment is directed toward products that improve environmental and social outcomes for customers.
Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
Source: PR Newswire