The Estée Lauder Companies (ELC) announced yesterday that it has achieved Net Zero emissions and sourced 100% renewable electricity globally for its direct operations. The group thus reached the targets it set on in 2017.
Building upon this achievement, the group is setting new science-based emissions reduction targets for its direct operations and value chain, committing to reduce its absolute scope 1 and 2 greenhouse gas emissions (GHG) emissions 50% by 2030 from a 2018 base year. ELC also pledged to reduce scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution, and business travel 60% per unit revenue over the same timeframe.
“Setting ambitious targets in line with the latest climate science is testament to our values and commitment to managing our business for the long term,” said Fabrizio Freda, President and CEO of The Estée Lauder Companies.
To achieve its Net Zero emissions ELC focused first and foremost on reducing its operational carbon footprint by deploying high-quality solutions and investing in projects bringing additional renewable energy to the grid, in particular in wind power farms.