Kingfisher plc announces new 2025 carbon reduction targets, now approved by the Science Based Targets initiative (SBTi)
Kingfisher plc (‘Company’, ‘Group’ or ‘Kingfisher’), the international home improvement retailer whose businesses include B&Q and Screwfix, today announces ambitious new carbon reduction targets consistent with reductions required to keep global warming to 1.5°C, the most ambitious goal of the Paris Climate Agreement.
The new targets have now been approved by the Science Based Targets initiative, and replace Kingfisher’s previous targets, which it met four years ahead of schedule.
Kingfisher has committed to:
Reduce Scope 1 & 2 emissions from property and transport by c.38% in absolute terms by 2025, compared to 2016; and
Reduce Scope 3 emissions from the supply chain and customer use of products by 40% per £million of turnover by 2025, compared to 2017.
Thierry Garnier, Chief Executive Officer at Kingfisher plc, said: “Through the great work of all our teams, we met our previous science-based carbon reduction targets well ahead of schedule. We felt it was critical for us to take...
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