New Look’s ESG targets approved by SBTi

Emissions targets set by clothing retailer New Look have been approved by the Science Based Targets Initiative (SBTi).

New Look has near-term targets to reduce greenhouse gas emissions (GHG) by 43 per cent by 2023 and by 90 percent by 2040.

The SBTi is a corporate climate action charity that develops standards and guidance which allow companies to set greenhouse gas (GHG) emissions reductions targets. It has partnerships with CDP, the United Nations Global Compact, the We Mean Business Coalition, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF).

New Look’s targets build on a previous sustainability strategy launched by the retailer in January 2022.

New look said it will focus on its decarbonisation plans for the rest of the year as well as other aspects of ESG.

It added that it will provide an update on progress against its SBTi targets and wider sustainability strategy within its annual sustainability report, due to be published this summer.

“The approval of our targets by the SBTi has been an aim of ours ever since we launched our sustainability strategy two years ago, so this feels like a milestone moment for us,” said Sue Fairley, head of sustainability at New Look. “The progress we’re making on ‘E’, the ‘S’ and the ‘G’ - in equal measure - is testament to the strength of our partnerships and the way we are collaborating with others, and we're excited to be moving towards our SBTi targets at pace.”

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