Kingfisher unveils new decarbonisation targets for vendors
The company said it will work alongside the suppliers to hit three levels of common target, depending on the scale of their impact on Kingfisher’s Scope 3 emissions
B&Q owner Kingfisher has unveiled “ambitious” decarbonisation targets for its vendors as part of an ongoing plan to reduce carbon emissions.The company said it will work alongside the suppliers to hit three levels of common target, depending on the scale of their impact on Kingfisher’s Scope 3 emissions.
The targets are:
- For Kingfisher’s 100 biggest vendors by Scope 3 emissions, to create a Science Based Targets initiative (SBTi) aligned roadmap and decarbonisation target by 2028;
- For the next 450 vendors, to create an SBTi-aligned roadmap and decarbonisation target by 2030; and
- For the remaining vendors, to set a climate reduction plan by 2030.
As part of the collaboration, Kingfisher will share training and expertise with its vendors, whilst Manufacture 2030, a cloud-based emissions data platform, will “support vendors in understanding their emissions and building the necessary roadmaps to achieve their targets”.
It comes as the group revealed over 90% of its Scope 3 emissions are associated with its products, including upstream (how they are produced) and downstream (use in customers’ homes).
Vendor manufacturing represents around a fifth of Scope 3 emissions within Kingfisher’s “sphere of influence”, meaning it is an important area to address as part of Kingfisher’s efforts to reduce its emissions.
Kingfisher noted around 45% of its sales come from its Own Exclusive Brands, meaning it is “particularly well placed” to drive progress in tackling carbon emissions.
Thierry Garnier, Kingfisher CEO, said: “Like most retailers, Scope 3 makes up the vast majority of our emissions, and to drive these down effectively we need the collaboration of our entire supply chain.
“The response from our vendor partners has been very positive and we are grateful for their support as we work towards our shared goal to help tackle climate change. By coming together as an industry to take on this critical challenge, we can forge a path towards a future that is low-emissions, positive for our businesses and our planet.”
