Description

As the world’s largest international health and beauty retailer, A.S. Watson has been committed to reducing its business’ environmental impact and tackling climate change. It has already achieved its previous greenhouse gas (GHG) emissions reduction targets by the end of 2021 and now further announces new targets to accelerate its contribution to the fight against the climate change.

In 2019, A.S. Watson released a GHG emissions reduction target to reduce scope 1 and 2 emissions by 40% by 2030, from a 2015 baseline. Racing ahead of schedule, it has already overshot this target and achieved 42% by the end of 2021. With such significant progress, now A.S. Watson announces new emissions reduction targets. These include:

1. Reducing Scope 1 and 2 GHG emissions by 50% by 2030 from a 2018 baseline
2. Reducing Scope 3 GHG Emissions from purchased goods and services, upstream transportation and distribution by 58% per dollar economic value added by 2030 from a 2018 baseline
3. Pledging that 33% of its suppliers by emissions covering purchased goods and services, upstream transportation and distribution will have science-based targets (SBTs) by 2027

Malina Ngai, Group Chief Operating Officer of A.S. Watson and CEO of A.S. Watson (Asia and Europe), says: “At A.S. Watson, we made it our purpose to do the right things for our customers and the planet today and tomorrow. Sustainability is a hurdle race. It takes determination and perseverance to get over barriers. We can’t do it alone. We believe partnerships with our suppliers and customers can make bigger impact together.”

“These new GHG emissions reduction targets are proof of our commitment to accelerate our sustainability efforts to build a better world for all.” she adds. “On top of our actions to fight climate change, we’ve also reinforced our commitment to the United Nations Sustainable Development Goals (UNSDGs), extending our coverage to 15 out of 17 UNSDGs which include the usage of clean energy and the introduction of climate actions.”

Business Unit

A.S. Watson Group

Date

Jun 2022