// Kingfisher is committing to a new 2040 net zero target
// The owner of B&Q and Screwfix has also vowed to make 60% of products sales sustainable by 2025
Kingfisher has unveiled new targets to reach net-zero emissions by 2040 alongside an ambition to ensure that 60% of home product sales are classed as sustainable by 2025.
The new net-zero ambition is set for 2040 and is supported by a pre-existing science-based target of reducing operational emissions by 37.8% by 2025.
READ MORE:
- Kingfisher sales drop but surpass pre-pandemic levels
- From Asos to Kingfisher: Six retail stocks being targeted by short sellers
- B&Q launches marketplace to expand online range to over 1 million products
Kingfisher has already reduced emissions by 24.5% through measures such as switching to 100% renewable electricity, rolling out alternative fuels for delivery fleets and investing in energy efficiency measures.
To date, Kingfisher has delivered 44% of total group sales (equivalent to around £5.8bn) from sustainable products, more than double of what was achieved when the programme was set up in 2011.
Kingfisher’s chief executive Thierry Garnier said: “We are committed to helping tackle climate change by setting targets both in the short and in the long term. Helping our customers to live in more sustainable homes is another of our key priorities.
“We think everyone deserves a greener, healthier home – that’s comfortable to live in but uses fewer resources and costs less to run. With rising energy prices, home energy efficiency has never been more important.
“There is more to do, but we have made good progress since last year, not only with our progress on carbon reduction but also with our work to become a more inclusive company, and our commitment to help people living in unfit housing.”
Click here to sign up to Retail Gazette‘s free daily email newsletter
