Dubai PR Network, Online Press Release from Dubai and Middle East
 
Jewellery & Watches(Lifestyle)
Filter PR by
  
Pandora To Be Carbon Neutral By 2025
 
Pandora commits to ambitious decarbonisation targets in own operations as well as the full supply chain. 
 
 
Dubai, United Arab Emirates, January 30, 2020:    Pandora today announced that the company has committed to reduce emissions in its full value chain by joining the Science Based Targets initiative – the leading corporate collaboration for ambitious action on climate change. This means that before the end of next year, Pandora will publish a plan to reduce emissions across its value chain in line with the Paris Agreement and with what best available science says is necessary to stave off the worst environmental and social consequences of climate change. 
 
 
Recognising the need for urgent action, Pandora is setting two additional targets. By 2020, the company will source 100% renewable electricity at its two crafting facilities in Thailand, and by 2025 Pandora will be carbon neutral in its own operations. This includes emissions from Pandora’s crafting facilities, owned and operated stores, distribution sites, and offices. 
 
 
“Addressing climate change is one of the greatest challenges facing the world today, and as a large global company we have an obligation to contribute to the necessary solutions. Responsible business practices such as recycling of materials and waste have always been part of Pandora’s way of operating, and we now commit to ambitious targets to reduce our carbon emissions and help drive sustainability in the jewellery industry”, said CEO Alexander Lacik.
 
 
100% renewable energy
 
To achieve carbon neutrality in its own operations, Pandora will implement a number of energy-saving measures and significantly expand its use of renewable energy. 
 
 
Pandora’s crafting facilities currently account for 52% of the company’s emissions. Beginning this year, Pandora will source renewable electricity for the facilities from verified solar energy providers in Thailand through renewable energy certificates. Longer term, the company plans to increase its own production of solar power, currently providing 3% of the facilities’ electricity, and engage directly in developing renewable energy projects, e.g. through power purchase agreements. Pandora will also introduce a policy for purchasing green power for its stores.
 
 
For remaining unavoidable emissions, estimated at less than 5% of total emissions, Pandora will buy carbon offsets.
 
 
Reducing emissions from suppliers
 
 
More than 90% of Pandora’s greenhouse gas emissions occur in the value chain outside the company’s own operations. Most emissions stem from the procurement of raw materials, while other sources include manufacture of jewellery parts, packaging, franchise stores and transportation. 
 
 
“To reduce emissions in our supply chain, we have committed to set a science-based target. In 2020, we will conduct new research to further our understanding of the carbon footprint across our different suppliers, and we will work with them to find the right scalable opportunities to reduce the carbon footprint”, said Mads Twomey-Madsen, Vice President for Sustainability.
 
 
Today, Pandora primarily uses recycled metals and man-made stones, which have significantly lower environmental footprints than mined metals and stones. 
 
 
Science-based targets are a set of goals developed to provide a business with a clear route to reduce greenhouse gas emissions. An emissions reduction target is defined as ‘science-based’ if it is developed in line with the scale of reductions required to keep global warming below 2C from pre-industrial levels. The Science Based Targets initiative is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). More than 780 companies have so far committed to reduce their greenhouse gas emissions under the umbrella of the initiative.
 
 
Pandora’s three new targets to reduce carbon emissions
 Carbon neutral in own operations by 2025
 100% renewable energy at its crafting facilities by 2020
 Committed to set a science-based target to reduce emissions across full value chain


Posted by : Dubai PR Network Editorial Team
Viewed 10053 times
PR Category : Lifestyle
Posted on : Thursday, January 30, 2020  4:31:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Express Your Love With a Joyalukkas Be Mine Valentine Collec...
Next Story : Bremont Becomes Official Timekeeper of England Rugby
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
DERMAdoctor: Peel the Difference & Boost Your Skin with DERMAdoctor's Vitamin C Peel Pad! [14683-Views]
Kristina Fidelskaya Press Release AW2020 [8991-Views]
Maybelline's Falsies Lash Lift Make Their Way to the GCC [8839-Views]
Top 13 Features of the HONOR MagicWatch 2 [5941-Views]
Easa Saleh Al Gurg Group Pledges AED 10 Million to DHA to AID Covid-19 Prevention Measures [5862-Views]
Slip into style at home with Steve Madden [5356-Views]
Hamdan Bin Mohammed Heritage Center Concludes a Record-Breaking Year for Heritage Sports [5106-Views]
Dubai Health Authority Partners With Twitter to Provide Health Information on COVID-19 [5100-Views]
Realme Set to Launch Its Latest Range of Smartphones in UAE [5057-Views]
HONOR Brings the Brand-New HONOR 9X PRO to Customers in the UAE [5032-Views]
Keeping the Community Safe and Informed on COVID-19 [4837-Views]
Union Coop to Operate 24 Hours With All Goods Available [4660-Views]
Sportmax Leather Trend SS 2020 [4441-Views]
Horological Machine N°10 ‘Bulldog' [4416-Views]
Brighten Up With Marina Rinaldi [4288-Views]
Carrefour Statement – Opening Hours [4288-Views]
Max Mara Bridal 2020 [4233-Views]
Etisalat Cloudtalk Meeting Now Allows Up to 50 Participants [4221-Views]
Cutting-Edge Technology Solutions from TP-Link for Work at Home or Distance Learning [4197-Views]
Deema Ajlani Ramadan Capsule Collection, 2020 [4099-Views]
Perfect Polka Dots [4056-Views]
Chronoswiss Timemaster 150' [3959-Views]
SCCI Provides Online Attestation Services for All Transactions [3849-Views]
The Department of Culture and Tourism – Abu Dhabi Closes All Cultural Sites in the Emirate [3800-Views]
Ralph Lauren Collection Spring / Summer 2020 [3776-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories