Science-Based Target Initiative (SBTi) Verifies SHEIN's Commitment to Achieving Net-Zero Emissions by 2050

Science-Based Target Initiative (SBTi) Verifies SHEIN's Commitment to Achieving Net-Zero Emissions by 2050

Headline: Global Fashion Retailer SHEIN Approved for Net-Zero Target by 2050, Unveiling Decarbonization Strategy

Catchy Subtitle: Here's How This Digital Fashion Giant Plans to Slash Its Carbon Footprint

Hot off the press! The world-renowned online fashion retailer, SHEIN, has made headlines in its pursuit of sustainability. The Science Based Targets initiative (SBTi) has given a thumbs-up to SHEIN's net-zero ambition by 2050, validating its commitment to combat climate change.

The SBTi's seal of approval demonstrates that SHEIN's targets align with the latest climate science consensus, helping contribute to the Paris Agreement's aim to limit global warming to 1.5°C above pre-industrial levels. Let's dive into what SHEIN's decarbonization strategy looks like:

Embracing the future – SHEIN's climate targets

In collaboration with the SBTi, SHEIN has released its near and long-term science-based emissions reduction targets. Here's the breakdown:

1. Overall Net-Zero Target:
2. Achieve net-zero greenhouse gas (GHG) emissions across the value chain by 2050.
3. Near-Term Targets:
4. Reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030.
5. Reduce absolute Scope 3 GHG emissions by 25% by 2030.
6. Boost active annual sourcing of renewable electricity to 100% by 2030.
7. Long-Term Targets:
8. Decrease absolute Scope 1 and 2 GHG emissions by 90% by 2050.
9. Reduce absolute Scope 3 GHG emissions by 90% by 2050.

For a more detailed insight into SHEIN's net-zero targets, visit the SBTi here.

SHEIN's 2030 and 2050 emissions reduction targets are with reference to a baseline year of 2023.

Mustan Lalani, Global Head of Sustainability at SHEIN, expresses his determination, stating, "SBTi's validation of our net-zero targets marks an important step in SHEIN's decarbonisation journey. We're steadfast in our mission to reduce emissions across our value chain, recognizing that addressing Scope 3 emissions is a complex but critical part of this endeavor."

Walking the talk – SHEIN's decarbonization roadmap

To execute its targets, SHEIN has developed a decarbonization roadmap in partnership with sustainability consultancy Anthesis Group. The roadmap charts SHEIN's progress toward meeting its emissions reduction targets. Let's explore some of the key areas of focus:

• Scope 1 & 2: Reducing Direct Operational Emissions
• Transitioning to 100% renewable energy through increased on-site electricity production and purchasing high-integrity Energy Attribute Certificates
• Improving energy efficiency by upgrading systems across SHEIN-operated facilities
• Phasing out fossil fuels by transitioning to electric vehicles, reducing fugitive emissions, and utilizing fire suppression systems with lower global warming potential
• Scope 3: Addressing Emissions Across the Value Chain
• Minimizing the use of virgin materials and transitioning to alternatives with lower carbon footprints
• Promoting lower-carbon manufacturing processes in supply chains by encouraging suppliers to adopt renewable energy and energy-saving practices
• Optimizing logistics networks, route planning, and packaging efficiency

From purchased goods and services, fuel- and energy-related activities, upstream transportation and distribution, waste generated in operations and end-of-life treatment of sold products.

The ultimate objective is to reduce emissions from the production and transportation phases of products, ultimately resulting in a more sustainable fashion industry. These measures validate the commitment SHEIN has made to combat climate change and improve its environmental footprint.

Stay tuned for more updates as SHEIN embarks on its journey towards a cleaner, greener future. We'll keep you posted as the digital fashion powerhouse continues to make strides in reducing its carbon footprint and promoting a more sustainable industry overall.

Sources

1. By aligning with the Paris Agreement's goal of limiting global warming to 1.5°C, SHEIN's net-zero ambition conforms to the latest climate science consensus.
2. The digital fashion giant, SHEIN, aims to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 42% by 2030, as part of its science-based emissions reduction targets.
3. In partnership with Anthesis Group, SHEIN has devised a decarbonization roadmap focusing on reducing direct operational emissions (Scope 1 & 2) and addressing emissions across the value chain (Scope 3).
4. To achieve its net-zero goal by 2050, SHEIN plans to phase out fossil fuels by transitioning to electric vehicles and improve energy efficiency by upgrading systems across its facilities, among other strategies.

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