Luxury Fashion company Hugo Boss has announced that its Greenhouse Gas (GHG) emissions reduction targets have been approved by the Science Based Targets initiative. The company announced that the approval is in line with SBTi’s most stringent standard category of limiting warming to 1.5°C. Hugo Boss is the most recent fashion company to reach this sustainability milestone, joining Ralph Lauren and PVH Corp, who announced they had received approval for their own targets earlier this month.
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 emissions targets for Hugo Boss are listed by SBTi as follows:
Hugo Boss AG commits to reduce absolute scope 1 and 2 GHG emissions 51% by 2030 from a 2018 base year. Hugo Boss AG also commits to reduce absolute scope 3 GHG emissions from purchased goods and services as well as upstream and downstream transportation 30% over the same period.
According to Hugo Boss, the scope 1 and 2 targets are consistent with limiting global warming caused by CO2 emissions to 1.5 ° C, while the scope 3 target aims for the category of limiting global warming to well below 2 ° C.