In 2018, Kingfisher launched its sustainable growth plan. Bioregional led the development of a new set of targets that respond to customer insights research as well as tackle key sustainability issues
Our long-term partner Kingfisher, the international home improvement company, asked us to help it set its science-based targets to be approved by the Science Based targets initiative (SBTi). SBTi defines best practice in science-based target setting, as well as independently assessing and approving companies’ targets.
We began by measuring Kingfisher’s current baseline across all its Scope 1, 2 and 3 emissions. Scope 1 covers direct emissions sources (e.g., fuel used in company vehicles), scope 2 covers indirect emissions from purchased electricity, scope 3 emissions cover all other indirect emissions including from consumers and suppliers.
Then we set about developing models for scenarios of what reductions could be achieved with different initiatives, for example working with cement suppliers to bring lower carbon cements into the product offer and offering the most energy-efficient products to help customers save energy and reduce fuel bills.
Using these scenarios, we were able to set targets that were in-line with climate science ie that align with the goals of the Paris Climate Agreement.
These targets build on the progress already made by Kingfisher to reduce the environmental impact of its business. This includes 100% renewable electricity sourced for its UK operations and providing customer energy-saving products and services that enable an estimated 32% reduction in home energy use.
Kingfisher has committed to cutting scope 1 and 2 greenhouse gas emissions by 22% and scope 3 emissions by 40% by 2025. These were approved by SBTi in February 2019 and Kingfisher is now turning its attention to meeting these targets.
The targets form part of Kingfisher’s Sustainable Growth Plan launched in 2018, which aims to help its customers have healthier, more sustainable homes.
We will continue to work with Kingfisher to support it to achieve its targets.
“Bioregional was invaluable is helping us navigate the creation and approval of ambitious science based carbon reduction targets in line with Paris Agreement and the requirements of the SBTi. They provided a high level of technical expertise, combined with a strong understanding of our business and end to end value chain. The result is ambitious yet achievable targets.”Caroline Laurie, Head of Sustainability at Kingfisher