Friday 12 August 2022

Burberry’s 2040 net zero target approved by SBTi

Burberry has become the first luxury fashion brand to receive approval from the Science-Based Targets initiative (SBTi) for its net zero emissions goal.

The validation confirms the fashion giant's goal to reach net zero by 2040 is based on the latest climate science and meet the urgent need to keep global warming to 1.5°C in line with the Paris agreement.

Burberry's commitment includes reducing its absolute Scope 1 and 2 emissions by 95% by 2023 from a 2017 base year and absolute Scope 3 emissions by 46.2% by 2030 from a 2019 baseline.

In the long term, the fashion brand aims to reduce at least 95% of Scope 1 and 2 emissions from 2023 to 2040 and Scope 3 emissions by 90% by 2040.

Luiz Amaral, Chief Executive Officer of the SBTi 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. Burberry’s net zero targets match the urgency of the climate crisis and set a clear example that their peers must follow.”

Burberry is currently carbon-neutral across its operations globally and all the electricity it uses comes from renewable energy sources.

Caroline Laurie, VP of Corporate Responsibility, Burberry added: “The Science Based Targets initiative (SBTi) plays a critical role in ensuring ambitions set by businesses are in line with the latest climate science and will contribute to tackling the climate emergency. Rooting our commitments in science has always been a priority at Burberry so we can ensure the steps we are taking will have the necessary impact and bring about lasting change.

“We continue to challenge ourselves to drive measurement, improvement and transparency across our operations and we are committed to continue working with our suppliers and partners to accelerate the adoption of more sustainable practices. We hope this encourages others to do the same.”