UK: Kingfisher sets ambitious greenhouse gas targets

Kingfisher plc, the international home improvement company, has announced ambitious new targets to cut greenhouse gas (GHG) emissions from its business, products and supply chains. The targets have been approved by the Science Based Targets initiative (SBTi), confirming that they align with the goal of the Paris Climate Agreement to keep global temperature rises below 2°C.  Kingfisher has committed to reduce absolute scope 1 and 2 GHG emissions 22% by 2025 from a 2016 base year and reduce scope 3 GHG emissions from purchased goods and services and use of sold products 40% per £million turnover by 2025 from a 2017 base year. The new targets form part of Kingfisher’s Sustainable Growth Plan, launched in 2018, which aims to help consumers have healthier, more sustainable homes. As part of its long-term sustainability strategy, Kingfisher is embedding sustainability into its products, services, operations and supply chain – aiming to become a Net Positive business by 2050.

Gemma Brierley, Sustainability Director, Kingfisher Offer & Sourcing commented: “The great thing about our targets is that we’ll be cutting carbon emissions by helping customers improve their homes. This will include launching new products and services that help customers save energy and reduce their fuel bills.  We’ll also be working closely with suppliers to achieve direct cuts in emissions, to reduce emissions associated with materials such as cement and plastic and to continue to remove peat from the soils and composts we sell.” Kingfisher plc is an international home improvement company with over 1,200 stores in 10 countries across Europe, Russia and Turkey operating under four retail brands – B&Q, Castorama, Brico Dépôt and Screwfix.

 

www.kingfisher.com