Superdry has set a commitment to achieve net zero carbon emissions.
Since the Industrial Revolution, greenhouse gas (GHG) emissions have contributed to atmospheric warming that has lifted global temperatures by around 1.1⁰c. Without an ambitious decarbonisation plan, the projected global temperature rise is over 4⁰c by 2050 – with disastrous consequences to both people and the planet.
Our net zero plan supports the Paris Agreement, aligned with the UN Fashion Charter for Climate Action and the British Retail Consortium’s Climate Action Roadmap, to work towards limiting temperature rise to 1.5⁰c.
As a fashion brand, we understand that around 70% of our emissions come from upstream activities like materials production, preparation and processing; with the remaining 30% associated with downstream retail operations, the use-phase, and end-of-use activities.
We are already making changes to how we operate. Recognising the strides so far, we topped the Financial Times Europe Climate Leaders league table in 2021 for our 97% reduction in direct carbon intensity (Scopes 1 & 2) between 2014 and 2021.
Our Carbon Emissions.
In FY22, as a first step in ensuring our decarbonisation strategy is fully aligned to the latest climate science, we calculated our first full scope 3 carbon emission inventory, which we will release the results of in Sep-22.
We worked with independent specialist consultancy Avieco Ltd to do this and ensure our calculations align to the Science Based Target Initiative (SBTi)recommendations and continue to align with the GHG protocol.
As part of our process we will review and calculate a new baseline for FY20, which we will publish from next year. We will use this to track progress on scope 1-3 emissions over the next decade. Our initial reviews give us confidence that we will meet the decarbonisation needs of a Science Based Target by 2030.
Our Scope 3 emissions are very material to our business, with Purchased Goods and Services being our highest emitting scope 3 category.
Our decarbonisation focus will prioritise this area, through our ‘Low Impact Materials’ sustainability pillar.
Summary GHG emissions for Superdry:
|GHG Scope||FY21 GHG Emissions (tCO2e)|
|Scope 2 (Market Based)||150|
|Total (Scopes 1-3)||33,308|
*Only partial Scope 3 emissions based on 4 categories
Our Net Zero Goal and Milestones.
We want to ensure our goals align with the latest climate science and will review these periodically to ensure we achieve meaningful and needed change.
How will we achieve Net Zero?