EssilorLuxottica: EssilorLuxottica’s greenhouse gas emissions reduction targets validated by the Science Based Targets initiative (SBTi)
December 12 2024 - 12:00PM
UK Regulatory
EssilorLuxottica: EssilorLuxottica’s greenhouse gas emissions
reduction targets validated by the Science Based Targets initiative
(SBTi)
EssilorLuxottica’s greenhouse gas
emissions reduction targets
validated by the Science Based Targets initiative
(SBTi)
Paris, France (12 December
2024) – EssilorLuxottica announced today that its
near-term greenhouse gas (GHG) emissions reduction targets have
been validated by the Science Based Targets initiative (SBTi),
marking a key milestone in the Company’s efforts to reduce the
environmental impact across its entire value chain.
The new 2030 targets address emissions across
the Company’s Scope 1, 2 and 3, in line with the climate mitigation
efforts outlined in the Paris Agreement adopted by the United
Nations in 2015.
EssilorLuxottica commits to reduce absolute
Scope 1 and 2 GHG emissions by 42% by 2030, from a 2022 base year.
Additionally, the Group commits to reduce absolute Scope 3 GHG
emissions from purchased goods and services, fuel- and
energy-related activities, upstream transportation and
distribution, and waste generated in operations by 25% within the
same timeframe.
Francesco Milleri, Chairman and CEO, and Paul du
Saillant, Deputy CEO at EssilorLuxottica said: “Sustainability
is at the core of the Group’s identity and strategic vision. Our
science-aligned climate targets reinforce our commitment to leading
the industry toward an equitable and sustainable future. We will
continue prioritizing climate actions within our sphere of
influence and engage all our stakeholders. In line with the new
Scope 3 emissions reduction target, we’ll bring our suppliers and
business partners along our decarbonization journey, in line with
our open, collaborative and inclusive business model”.
Since its creation, EssilorLuxottica has been
committed to minimize its environmental impact throughout the
entire value chain, aiming to mitigate the effects of climate
change on the planet. Key milestones include reducing and
neutralizing the carbon footprint of its direct operations (Scope 1
and 2) globally by 2025 (already achieved in Europe in 2023). Its
climate strategy focuses on improving energy efficiency across
facilities, increasing the self-production and use of renewable
energy, and supporting the protection and restoration of natural
ecosystems.
For more information about EssilorLuxottica’s
science-based targets, please click here.
To discover more about the Group’s strategy and
sustainability updates, EssilorLuxottica Sustainability Reports can
be accessed and downloaded here.
The Science Based Targets initiative (SBTi) is a
corporate climate action organization that enables companies and
financial institutions worldwide to play their part in combating
the climate crisis. It develops standards, tools and guidance which
allow companies to set greenhouse gas emissions reductions targets
in line with what is needed to keep global heating below
catastrophic levels and reach net-zero by 2050 at latest. The SBTi
is incorporated as a charity. Its partner organizations are CDP,
the United Nations Global Compact, the We Mean Business Coalition,
the World Resources Institute (WRI), and the World Wide Fund for
Nature (WWF).
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