New Look’s emissions targets approved by the SBTi
New Look has received approval for its emissions targets from the Science Based Targets Initiative (SBTi).
The fashion retailer has a near-term target to reduce scope 1 and 2 greenhouse gas emissions by 42% by 2030, and scope 3 emissions by the same amount and within the same timeframe.
Meanwhile, New Look is aiming to reduce scope 1, 2 and 3 emissions by 90% by 2040.
The retailer launched its ‘Kind To Our Core’ sustainability strategy in January 2022 and has an overall target to reach net-zero greenhouse gas emissions across the value chain by 2040.
Sue Fairley, head of sustainability at New Look, said: “The approval of our targets by the SBTi has been an aim of ours ever since we launched our sustainability strategy two years ago, so this feels like a milestone moment for us.
“The progress we’re making on ‘E’, the ‘S’ and the ‘G’ – in equal measure – is testament to the strength of our partnerships and the way we are collaborating with others, and we’re excited to be moving towards our SBTi targets at pace.”
New Look will provide an update on progress against its SBTi targets in its annual sustainability report this summer.
