New Look has become the latest retailer to have its emissions targets approved by the Science Based Targets initiative (SBTi).
The emissions targets include a short-term goal to reduce absolute scope 1 and 2 greenhouse gas emissions by 42% by 2030. The fashion retailer will also work to reduce absolute scope 3 greenhouse gas emissions by the same amount by the end of the decade.
Additionally, New Look has a long-term target to become Net Zero by 2040 for both scope 1 & 2 and scope 3.
New Look announced in October 2023 that it had submitted Science Based Targets, as it aims to be transparent in its sustainability efforts.
“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,” said Sue Fairley, head of sustainability at New Look.
“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.”
Dunelm recently became the first dedicated homewares specialist to have its greenhouse gas emissions targets approved by the SBTi. Recipe box company HelloFresh, the John Lewis Partnership and Tesco have all recently gone through the rigorous SBTi assessments.
Just last month, Sainsbury’s latest targets were verified by SBTi. The supermarket was one of the first UK retailers to set SBTi validated targets back in 2020. Its new targets are part of its work towards becoming net zero in its own operations by 2035, and in its value chain by 2050.
A brand new event will focus on retailers’ sustainability efforts this May. SustainabilityX will see the likes of Asda, Avon, JD Sports, N Brown Group, Olio, Reskinned and Reformation take to the stage.
SustainabilityX is part of RetailX Event’s Spring Festival, which will also look at the consumer, digital growth and the subscription economy.
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