Kingfisher plc, the international home improvement company, today announces 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. The SBTi defines best practice in science-based target setting, as well as it independently assessing and approving companies’ targets.
Kingfisher has committed to:
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.
The new targets build on the progress already made by Kingfisher to cut the environmental footprint of its business and its products. This includes:
“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 their 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.”
“Cutting carbon is nothing new at Kingfisher - we’ve already achieved a 16% reduction in our absolute emissions, and we have some great innovations such as our first zero-energy store. With our new targets we’ll significantly ramp up our efforts to decarbonise our business, further improving energy efficiency, buying more green power and installing more of our own renewables. Cutting emissions from transport as our business transforms won’t be easy but we’ll be looking at a range of opportunities from new fuels and vehicle types to drive efficiency improvements.”
“We applaud Kingfisher for taking this significant step towards reducing its carbon emissions. For an international retailer with a complex and extensive supply chain and business operations throughout Europe, this is no mean feat. We are proud to support them in continuing to reduce the carbon footprint of its own operations, as well as for enabling its vast numbers of customers to reduce their impacts too.”
Kingfisher plc is an international home improvement company with over 1,200 stores in 10 countries across Europe, Russia and Turkey, supported by a team of 77,000 colleagues. We operate under four retail brands - B&Q, Castorama, Brico Dépôt and Screwfix. We offer DIY and home improvement products and services to nearly six million customers who shop in our stores and through our digital channels every week. Our customers are everyone wanting to improve their home, as well as the experts and trade professionals who help them. We believe everyone should have a home they feel good about, so our purpose is to make home improvement accessible for everyone. For more information, please visit: www.kingfisher.com