Danish jewelry firm Pandora is committing to lower its greenhouse gas (GHG) emissions by 50 % throughout its personal operations and whole worth chain of suppliers and enterprise companions by 2030.
As well as, Pandora provides that it’ll additionally commit to reaching net-zero emissions by 2040 by additional lowering its local weather footprint and eradicating or offsetting any remaining emissions.
Pandora stated that its new local weather goal was the “most formidable” within the jewelry trade to date. It’s based mostly on an intensive decarbonisation plan throughout its enterprise and aligns with the Paris Settlement and what local weather science says is important to restrict international warming to 1.5⁰ C.
Alexander Lacik, chief govt at Pandora, stated in a press release: “The local weather disaster is probably the most pressing situation of our time, and firms should do what they will to discover the mandatory options. Our dedication will put together Pandora for the low-carbon financial system of the longer term and hopefully contribute to constructive change within the jewelry trade.
“We have now a transparent line of sight to how we are going to obtain most of our emission reductions, however we additionally realise that we don’t but have all of the solutions. We’ll name on our suppliers and enterprise companions to assist us make this actuality.”
Pandora commits to formidable local weather targets
To halve its emissions by 2030, Pandora stated that it’ll implement a number of energy-saving measures in its operations and considerably increase its use of renewable vitality. In 2020, Pandora switched to one hundred pc renewable vitality at its crafting amenities, and the corporate can also be planning to buy inexperienced energy for its greater than 1,300 shops and distribution centres. It will make Pandora carbon impartial by 2025.
Pandora additionally provides that it wants to cut back emissions throughout its worth chain, as emissions from uncooked supplies, packaging, transportation, franchise shops and different sources outdoors of Pandora’s personal operations account for greater than 80 % of the corporate’s complete GHG footprint.
The jewelry model goals to cut back these emissions by 42 % by 2030 and has already taken vital steps in the direction of the aim by selecting low-carbon supplies akin to recycled silver and gold and extra sustainable packaging.
Pandora additionally states that carbon impression shall be more and more factored into key enterprise choices going ahead, akin to the choice and exclusion of suppliers and companions. To assist suppliers make the mandatory adjustments and acquire ample knowledge to observe and report efficiency, Pandora will create a devoted provider engagement programme.
The goal has been accepted by the Science Primarily based Targets initiative and builds on Pandora’s earlier introduced ambition to turn into carbon impartial in its personal operations by 2025.
Alberto Carrillo Pineda, managing director at Science Primarily based Targets at CDP, one of many Science Primarily based Targets initiative companions, added: “We congratulate Pandora on setting science-based targets in step with limiting warming to 1.5°C, probably the most formidable aim of the Paris Settlement. By setting formidable science-based targets grounded in local weather science, Pandora is taking motion to forestall probably the most damaging results of local weather change.”
Pandora is the world’s largest jewelry model, bought in additional than 100 international locations by 6,700 factors of sale, together with greater than 2,600 idea shops. It crafts its jewelry at two LEED-certified amenities in Thailand utilizing primarily recycled silver and gold.