Leading retailers have smashed 2020 carbon reduction targets according to the latest data from the British Retail Consortium which shows that carbon emissions have fallen by 49% since 2005, far exceeding the target of a 25% absolute reduction.
Other good news came from carbon emissions in stores and store deliveries, which fell 46% and 84% respectively (when controlled for growth). These targets form part of the BRC’s Climate Action Roadmap whereby over 70 leading retailers have pledged to help the UK retail industry and its supply chain reach Net Zero by 2040.
Reaching Net Zero will require a collective effort by the whole retail industry. The BRC announced that Steve Murrells, Co-op Group CEO, will chair the steering group of the Climate Action Roadmap that aims to drive forward these targets. The steering group includes CEOs and Senior Executives of some of the country’s best-known retailers, including Sainsbury’s, Iceland, IKEA, Mountain Warehouse, Dunelm and Feelunique and will establish and oversee the strategy and progress in getting the UK retail industry to Net Zero by 2040. This work is supported by five partnerships – one for each focus area of the Roadmap – with Crown Estate, DP World, Google, IBM and PWC.
There is still much more needed to reach this ambitious target by 2040. Retailers have pledged to decarbonise stores by 2030 and deliveries by 2035; the roadmap will focus on the key challenge of working with suppliers to ensure that products sold are also net zero by 2040. However, the latest data shows that while carbon emissions from transport fell 43% when controlled for growth, just off the 45% target, absolute emissions fell by just 15%. To reduce transport emissions in the future, the BRC has recently commissioned research under the Climate Action Roadmap aimed at helping the industry rapidly decarbonise.
Source: Co-operative Group Limited