New Look received the approval from SBTi on its emissions targets which it said were all aligned to a 1.5C pathway. This includes:
- Near-term target to reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions by 42% by 2030, and reduce absolute scope 3 GHG emissions by the same amount and within the same timeframe.
- Long-term target to reduce Scope 1 and 2 GHG emissions by 90% by 2040 and absolute scope 3 GHG emissions by the same amount and within the same timeframe.
- Overall target to reach net-zero greenhouse gas emissions across the value chain by 2040.
Sue Fairley, head of sustainability at New Look, said: “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. 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.”
New Look believes this approval demonstrates progress against its ‘Kind To Our Core’ sustainability strategy launched in January 2022, marking an advancement on its targets and commitments since then.
Additionally, the brand shared its commitment to meeting these verified targets by focusing on its de-carbonisation plans throughout 2024, alongside addressing all aspects of Environmental, Social, and Governance (ESG) practices.
New Look will also provide an update on progress against its SBTi targets and wider sustainability strategy within its annual sustainability report, due to be published this summer.
In March, New Look supported a project aimed at reducing the environmental impact of fashion production.
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By GlobalData