Burberry has pledged to become “climate positive” by 2040 by aiming to go further than its current target of achieving net zero carbon.

The luxury retailer said this would be done through investing in initiatives to support wider climate change efforts beyond its immediate supply chain.

Burberry said it would cut missions across its extended supply chain by 46 per cent by 2030 and develop projects that “support others in their own carbon journeys”.

The aim to reduce emissions across its extended supply chain by 46 per cent is an acceleration of its its previous target of 30 per cent.

It also means Burberry’s Science Based Targets will be aligned with the 1.5°C pathway set out in the Paris Agreement.

Burberry also announced its support for the Fashion Avengers, a coalition of global fashion organisations “that have come together to inspire action towards achieving the UN’s Sustainable Development Goals”.

The luxury retailer said it would work to accelerate the development of low-carbon solutions via its Burberry Regeneration Fund, and will invest in nature-based projects that restore and protect natural ecosystems and enhance the livelihoods of global communities.

“Burberry was built upon a desire to explore nature and the great outdoors and they have remained our inspiration for more than 150 years,” Burberry chief executive Marco Gobbetti said.

“Drawing on this heritage of exploration and driven by our creative spirit, today, we are setting a bold new ambition: to become climate positive by 2040.

“As a company, we are united by our passion for being a force for good in the world.

“By strengthening our commitment to sustainability, we are going further in helping protect our planet for generations to come.”

By Elias Jahshan from Retail Gazette.


June 13, 2021