THG’s 2040 net zero targets have been confirmed that they align with the latest climate science by Science Based Targets Initiative (SBTi).
The e-commerce retail group aims to reduce its absolute Scope 1 & 2 GHG emissions 42% by the end of the decade and by 97.7% by 2040. THG also hopes to reduce scope 3 emissions by 90% by 2040.
THG also commits that 85% of its suppliers by spend covering purchased goods and services and upstream transportation and distribution will have science-based targets by 2027.
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Chief executive officer Matt Moulding said SBTi’s validation is a “significant stride forward.”
“Two years ago, we signed a commitment letter with the SBTi stating that we would be aligning our climate mitigation targets with the latest science,” he continued.
“The validation of our net zero targets by the SBTi reaffirms our dedication to achieving a net-zero status as a company, minimizing our climate impact,” added Moulding.
THG chief sustainability officer Mark Jones said the company “recognises the importance of achieving rapid and substantial emission reductions to cut global emissions in half by 2030 and reach net-zero under the Paris climate agreement.”
“Since the launch of our sustainability strategy in 2021, we have implemented near-term and long-term company-wide emission reductions in line with the latest climate science,” Jones added.
As part of its sustainability strategy, THG has been turning out of date Myprotein product into fish feed in a bid to reduce food waste.
