Ambitious sustainability targets for Kingfisher
By Sarah Wood | 10th June 2021
Kingfisher is looking to improve its sustainability credentials with some ambitious new carbon reduction targets.
The B&Q and Screwfix owner has pledged to cut greenhouse gas emissions from transport and property by 37.8 per cent from 2016 levels by 2025, as reported by Retail Gazette.
The company, which has B&Q stores in Gloucester, Cheltenham and Stroud, and Screwfix stores in Cheltenham, Gloucester, Stroud, Tewkesbury and Cirencester, wants to cut emissions from its products and purchased goods and services by 40 per cent for every £1 million of turnover by 2025, compared to 2017.
The targets have been approved by the Science Based Targets Initiative and replace goals that Kingfisher has already met, four years earlier than planned. Importantly, they are in line with the reductions needed to keep global warming to 1.5°C.
Other targets include purchasing 100 per cent renewable electricity for its stores, a 1.7 million tonne reduction in CO2 emissions from energy-using products and a score of A- in the latest CDP Climate Change disclosure initiative.
Kingfisher said it is proud to be among the small number of retailers which has set approved science-based targets in line with the 1.5°C global warming target.
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