Science-Based Targets Initiative (SBTi) announced that fashion companies Ralph Lauren, and PVH Corp, whose brands include Calvin Klein and Tommy Hilfiger have had their emission reduction targets approved by the initiative. Both companies have had their targets approved according to SBTi’s most stringent category of limiting warming to 1.5°C.
SBTi was formed as a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), with the goal to establish science-based environmental target setting as a standard corporate practice. Achieving approval of targets by SBTi is a significant milestone for companies’ sustainability efforts, with many companies joining the initiative, but only slightly over 400 receiving approval globally to date.
The specific approved targets for each company are listed by SBTi as follows:
- PVH: American clothing company PVH commits to reduce absolute scope 1, 2 and 3 GHG emissions by 30% by 2030 from a 2017 base year. PVH also commits to increase annual sourcing of renewable electricity from 22% in 2018 to 100% by 2030.
- Ralph Lauren: Ralph Lauren commits to reduce absolute scope 1, 2, and 3 GHG emissions 30% by FY 2030 from a FY 2020 base year. Ralph Lauren commits to increase annual sourcing of renewable electricity from 2% in FY 2020 to 100% by FY 2025.