Science-based climate action
KMD Brands is focussed on transitioning to a low carbon future by reducing greenhouse gas emissions in line with global goals. We have recently submitted our proposed targets below to Science Based Targets Initiative (SBTi) and are awaiting formal approval. The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) to drive ambitious climate action in the private sector by enabling organisations to set science-based emissions reduction targets.
Reduced absolute Scope 1 and 2 emissions by a minimum of 47% by 2030, from a FY19 base year (4.2% per annum emissions reduction)
Our target for Scope 1 and 2 emission reduction is set in line with the trajectory needed to keep global warming to 1.5 ºC. By conducting energy audits across significant parts of our office, distribution centres and store network, we’ve identified opportunities and formed a roadmap for emission reduction through investment in cost-effective onsite solar and energy efficiency projects. While the purchase of carbon offsets for our unavoidable emissions will be a component, we are focussed on investing in reduction strategies as the priority.
Reduced absolute Scope 3 emissions by a minimum of 28% by 2030 from a FY19 base year (2.5% reduction per annum)
Our target for Scope 3 emission reduction is set in line with the trajectory needed to keep global warming to “well-below 2ºC”. We are working closely with our suppliers to obtain better information about the scope 3 emission reduction opportunities in our supply chain. Our continuous dedication to our own-brand products being responsibly sourced and our focus on material innovation will also reduce the emissions produced in the manufacture of our products. As we identify these initiatives and are able to support our suppliers to adopt more energy efficient practices and transition to renewable energy opportunities, we will revisit our Scope 3 reduction targets.