// Kingfisher reveals new carbon reduction targets
// It pledged to slash greenhouse gas emissions from property and transport by 37.8% by 2025
Kingfisher has launched new “ambitious” carbon reduction targets as it seeks to increase its sustainability credentials.
The B&Q owner has pledged to slash greenhouse gas emissions from property and transport by 37.8 per cent by 2025, compared to 2016 levels.
The DIY giant also wants to reduce emissions from the use of sold products and purchased goods and services by 40 per cent for every £1 million of turnover by 2025, compared to 2017.
READ MORE: Kingfisher signs £550m credit deal linked to sustainability targets
Both targets have been approved by the Science Based Targets Initiative and replace previous goals that Kingfisher met four years ahead of schedule.
The targets are in line with the reductions required to keep global warming to 1.5°C.
Further targets include purchasing 100 per cent renewable electricity for its B&Q, Screwfix and Brico Dépôt Iberia brands, a 1.7 million tonne reduction in CO2 emissions from energy-using products, such as appliances, since FY 2017/18, and a score of A- in the latest CDP Climate Change disclosure initiative.
“Through the great work of all our teams, we met our previous science-based carbon reduction targets well ahead of schedule,” Kingfisher chief executive Thierry Garnier said.
“We felt it was critical for us to take additional commitments by 2025 and have now committed to make the additional investments needed to meet these ambitious new targets.
“We are proud to join the small number of retailers who have set approved science-based targets in line with a 1.5°C scenario.”
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