GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking Investments

 
  Share
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 : GoDubai Editorial Team
Viewed 11869 times
Posted on : Thursday, January 30, 2020  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Express Your Love With a Joyalukkas Be Mine Valentine Collection This Valentines Day.
Next Story : Bremont Becomes Official Timekeeper of England Rugby
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Lockdown Showdown: Jaguar I-pace Etrophy Series to Get Back on Track in Berlin i...
Three Eggs get Yemeni National a Guinness World Records Title
Omega's Antimagnetic Tourbillon Is a Watchmaking Breakthrough
Lamborghini SCV12: Squadra Corse Hypercar Ready to Hit the Track
The new BMW M5 and BMW M5 Competition
Toric Tourbillon Slate
GROHE Smart Control Review
Twitter tests Tweeting with Voice
Saxo Bank Launches Loyalty Program for MENA Region Clients
Hyundai Motor and Sony Pictures Entertainment Announce Unique and Pioneering Mul...
American Aesthetic Medical Center Has Something in Store for the Esthetical Figu...
WTTC Launches Safe Travels Protocols for Attractions, Car Hire and Short-Term Rental
NUDESTIX Launches - Nudies Blush, Bronze, and Glow Shade Extension
Volvo Cars Chengdu Car Plant Powered by 100 Per Cent Renewable Electricity
Range Rover Marks 50 Years of All-terrain Innovation and Luxury With Exclusive N...
Under-12 and Over-60 Can Now Take Part in Sports Activities: Dubai Sports Council
Dabur Ensures Safety with Hand Sanitizers and Personal Protection Kits as UAE Es...
Let's Brigthen Up! The Face Shop's Ultimate Summer Skincare Range From Belif is Here!
Handy Helper for Content Creators: The Compact A6100 Mirrorless Camera from Sony...
Pre-orders for Samsung's Galaxy S20+ 5G and Galaxy Buds+ BTS Edition now open in...
Experts Highlight need for Young Talent to Develop Skills for a Post-Covid-19 World
Dabur Launches Pure Organic Coconut Oil: Natural Protection for Hair, Skin, and ...
GEMS Wellington Academy – Al Khail Improves Rating to 'Very Good' in KHDA DSIB 2...
Etihad Airways to Recommence Flights to Athens
Dubai Sees Pronounced Uptick in Demand for Retail Units
Book Building of Amlak International's IPO of 30% of Shares
Sanctuary for the Senses: All-New Lincoln Corsair Arrives with Whisper-Quiet, Co...
Essence Spring/Summer 2020 Collection
Registration Opens for Training On the Camel Trek and Camel Marathon for Expats
Covid-19 Leads UAE Businesses to Adopt Upgraded Green Building Solutions
Dubai Sports Council Discuss Upcoming Sports Events With Federations and Organisers
Dubai Sports Council to Celebrate Dubai's COVID-19 Heroes Through Commemorative ...
Turkish Airlines Was the Busiest Operator in the Eurocontrol Area After Restarti...
Celebrate Father's Day With Parmigiani Fleurier Tondagraph Slate'
INFINITI of Arabian Automobiles presents Dubai Islamic Bank customers Super Sale...
Crude Oil Headwinds on Virus and Technicals
Customers can Benefit from Increasing Gold Rate by just Paying 10% Advance at Ma...
Canadian University Dubai Receives Prestigious Certification in Education for Pu...
Report Reveals the Six Fintech Innovations That Will Boost the ‘Financial Health...
Serco Middle East Appoints New Managing Director for Dubai Metro and Dubai Tram
Big Bang Integral King Gold
Pan Emirates Unveils Exclusive New Collection
Digital Vision Technology Signals On-Track Success for Panasonic Jaguar Racing
Schneider Electric Extends Strategic Partnerships with AVEVA, Lenovo and Stratus...
Celebrate World Music Day with HONOR Magic Earbuds
The 11th Edition of the Arab Fashion Week to Launch Virtually Today, from June 2...
New Bentayga to Launch Beyond100
Cairo Amman Bank Adopts the Latest Technology to Enhance Performance and Securit...
Celebrate Summer Safely with the New, Shopping Normal at BurJuman
Registration open for Dubai Watersports Summer Week