Swarovski’s net zero greenhouse gas (GHG) emission targets have now been officially validated by the Science-Based Targets initiative (SBTi), the jewellery retailer announced last week.
In the retailer’s latest sustainability report, it said the SBTi has approved its near-term science-based emissions reduction target to reduce absolute Scope 1 and Scope 2 emissions by 47% and absolute Scope 3 emissions by 28% by 2030 – all from a 2019 baseline when the verification process with SBTi began.
“This external validation confirms that our climate ambitions and emissions reduction targets are aligned with the latest climate science and internationally recognised standards across Scope 1, 2, and 3 emissions,” Swarovski said on a LinkedIn post.
“It also reflects something fundamental to our business, that sustainability and responsibility to people and the planet have been embedded in our approach for decades. With SBTi validation of our net-zero targets, we further strengthen our science-based roadmap to reduce emissions across our value chain.”
Additionally, Swarovski has committed to setting long-term emissions reduction targets with the SBTi in line with reaching net zero by 2050, and the process of validating these goals is still taking place, according to the sustainability report.
Swarovski said its approach will see efficiency and circularity prioritised in its business decisions, while the business will “embrace low-carbon technology to operate with a lower emissions footprint”.
The retailer said it will continue to disclose its GHG emissions annually and report on all relevant Scope 3 emissions defined by the GHG Protocol.
Readers can find out more about the jewellery industry and sustainability on Green Retail World.
Pandora said last month, for example, it had reshaped the traditional diamond grading system by introducing carbon footprint as a fifth ‘C’.
Cut, colour, clarity, and carat are the typical factors taken into account when assessing diamond quality, and now Pandora is publishing carbon footprint data for every Pandora lab-grown diamond on its website. The goal is to give shoppers more insight into the environmental impact of their jewellery purchases, and the calculations cover emissions generated from the production of raw materials used to grow the stones through to cutting and polishing.
[image credit: Green Retail World]
