THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
Retail HR Central 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
John Lewis the first retailer in the world to set validated science-based targets

The John Lewis Partnership has become the first retailer in the UK to have its *net-zero **science-based targets validated by the official body that validates climate… View Article

DEPARTMENT STORE NEWS

John Lewis the first retailer in the world to set validated science-based targets

The John Lewis Partnership has become the first retailer in the UK to have its *net-zero **science-based targets validated by the official body that validates climate targets.

The Science Based Targets initiative (SBTi), the gold standard for setting and monitoring corporate climate targets, has validated the Partnership’s target to become net-zero across its own operations by 2035, and wider supply chain by 2050.

The achievement demonstrates the Partnership’s clear commitment to play our part to limit the global temperature rise to 1.5°C – as called for in the Paris Agreement.

The Partnership, which owns John Lewis and Waitrose, is also the first retailer in the world to have validated SBTi science-based targets focused on greenhouse gas emissions originating from ‘forests, land and agriculture’, which make up part of our total emissions footprint alongside the energy used to run our stores and make our products.

According to a statement by the retailer, the targets for forests, land and agriculture underpins their Plan for Nature, published last autumn, which commits to a range of initiatives to significantly reduce the impact of the two businesses’ commercial activity on the natural world.

Marija Rompani, Director of Sustainability at the John Lewis Partnership, said:  “Reaching net-zero by 2050 means transforming our business in every way, from how we design our goods to last, how we and our suppliers power our farms, factories and stores, and how we make it easier for our customers to make more sustainable choices.

“To be the first retailer globally to set forest, land and agriculture science-based targets gives us great pride. It will be the bedrock of our plans to protect and restore nature and tackle the climate crisis over the years to come.”

Simon Winch, Environment Lead at the John Lewis Partnership, said:  “Coming up with a set of credible targets for our road to net-zero is the culmination of many months of focused work and determined preparation. Validation by SBTi gives us great confidence in the targets and our plans.

“But we know this is only the start. The validation of our science-based targets will turbocharge the change needed in our business to transform how we operate and help ensure that the world remains in sight of limiting global warming to no more than 1.5°C.”

Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative, said:  “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.

“The John Lewis Partnership’s net-zero targets match the urgency of the climate crisis and set a clear example that their peers must follow.”

 

 

Subscribe For Retail News