Science-based climate action
KMD Brands is committed to science-based climate action, we’ve had our climate targets validated by the Science Based Targets Initiative and we’re transitioning to a low-carbon future.
Our climate is changing and so is our approach to addressing our climate impact. Previously we have reduced our impact with the help of offsetting, which enabled us to better understand how our business impacts the climate and try and address it then and there, but deep and sustained emissions reductions from all sectors of the economy are needed to hit global goals.
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 offices, 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.
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 will work 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 contribute towards reducing 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.
*Our Scope 3 target includes the following GHG Protocol categories: purchased goods and services, fuel and energy related activities, upstream transportation and distribution, waste generated in operations, use of sold products, end of life treatment of sold products, and investments.