Luxury fashion brand Burberry has set a new goal to become “climate positive by 2040,” becoming the first luxury brand to strive for such a target. This means that Burberry not only aims to achieve net-zero emissions by 2040 but also plans to invest in initiatives that support broader climate change efforts. By 2030, the company aims to reduce emissions across its extended supply chain by 46% and develop projects that assist others in their own carbon reduction journeys.
Apart from this ambitious target, Burberry has also pledged its support for the Fashion Avengers, a coalition of global fashion organizations working towards the United Nations’ Sustainable Development Goals (SDGs). The company’s CEO, Marco Gobbetti, has emphasized Burberry’s commitment to being a force for good in the world and protecting the planet for future generations.
To achieve its new pledge, Burberry has implemented a detailed plan to reduce emissions in its extended supply chain by 46% by the end of the decade, surpassing its previous target of 30%. The company’s Science Based Targets will align with the 1.5°C pathway outlined in the Paris Agreement. Furthermore, Burberry will focus on accelerating the development of low-carbon solutions and investing in nature-based projects that provide carbon benefits beyond its own operations. This includes investing in programs that protect and restore natural ecosystems, which can effectively remove carbon from the atmosphere. Additionally, Burberry plans to fund climate resilience projects that empower vulnerable communities to adapt to changing realities and protect their livelihoods.
As part of its commitment to transforming the fashion industry, Burberry aims to become an active advocate for sustainable practices. The Burberry Regeneration Fund, which was established last year, will play a crucial role in supporting a portfolio of verified carbon offsetting and insetting projects. For its inaugural insetting project, Burberry has partnered with PUR Projet to implement a regenerative agricultural program with wool producers in Australia.
Burberry’s ambitious sustainability goals and its support for global initiatives showcase its dedication to becoming a leader in climate action within the luxury fashion sector. By investing in green initiatives and advocating for sustainable practices, Burberry is setting an example for a more environmentally conscious industry.
Useful links:
– Burberry’s Sustainability Commitments
– United Nations Sustainable Development Goals
