The first commitment is to reduce emissions across inner operations by 50% , equivalent to a and those accross supply chain by 40% per unit sold by 2030, compared to 2018. The maison will further strengthen its long-standing approach to the responsible sourcing and production of natural raw materials, while also continuously revisiting the way it designs, manufactures, transports and distributes its products. 

The second commitment is to pledge to transition to 100% renewable electricity for its owned operations by 2025. To that end, the maison has joined the RE100 coalition, a group of influential businesses committed to the use of renewable electricity. Globally, as of 2019, it already sourced 41% of its electricity from renewable sources and expects this to increase to 97% by 2021.

While the brand is focused on decarbonising its operations and value chain, the company is also committed to taking action outside of its own business activities in order to balance its residual carbon emissions. It is doing this by investing in nature-based solutions, such as projects to restore forests and protect biodiversity, only supporting projects which follow the International Carbon Reduction and Offset Alliance (ICROA) principles, and those that are certified to the highest carbon, biodiversity and community standards (such as VCS and CCBA).

At last, the luxury brand will finance projects that enable vulnerable communities to adapt to the impacts of climate change with the objective of reducing smallholder farmers’ and entrepreneurs’ vulnerability while also building resilient raw material supply chains, both outside and within our value chain. 

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Monday 16 March 2020, 05:24