Kingfisher commits to new 2040 net zero target

Kingfisher, the owner of B&Q and Screwfix, is committing to a new 2040 net zero target.

The home improvement retail giant said that it was also pledging to meet an increased 60 per cent sustainable home products sales target for 2025.

The move comes as the retailer publishes its annual responsible business report.

According to the report, the company has reduced carbon emissions across its operations by around a quarter.

The company says that 87 per cent of wood and paper in its products and 100 per cent catalogue paper are now being responsibly sourced and are on track to be “forest positive” by 2025/2026.

“In the short term, we are on track to reduce our carbon emissions in line with global efforts to limit warming to below 1.5°C by 2025. In the long term, we are now committed to reach net zero emissions by the end of 2040,” said Thierry Garnier, chief executive, Kingfisher. “Helping our customers to live in more sustainable homes is another of our key priorities.

“We think everyone deserves a greener, healthier home – that’s comfortable to live in but uses fewer resources and costs less to run. With rising energy prices, home energy efficiency has never been more important.

“There is more to do, but we have made good progress since last year, not only with our progress on carbon reduction but also with our work to become a more inclusive company, and our commitment to help people living in unfit housing.”

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