Tendam’s Emissions Reductions Targets Validated by the SBTi

30 / Noviembre / 2021

Tendam’s Emissions Reductions Targets Validated by the SBTi

30 / Noviembre / 2021

SBTi validates Tendam’s targets to achieve a 46.2% reduction in scope 1 and scope 2 emissions between 2019 and 2030 and a 62% reduction of the intensity of scope 3 emissions per one million euros of revenues by 2030. The established targets will guide the company to become carbon neutral by 2040.

SBTi, which Tendam joined in 2019, is a partnership between the CDP (Carbon Disclosure Project), the UN Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and has been operating since 2015.

Tendam, one of Europe’s leading omni-channel fashion distribution groups which includes the retail brands Women’secret, Springfield, Cortefiel, Pedro del Hierro, Hoss Intropia, SlowLove, High Spirits and Fifty, announces that the Science Based Targets Initiative (SBTi) has validated its emission reductions targets, which entail a 46.2% reduction in scope 1 emissions (directly generated by the company) and scope 2 emissions (generated indirectly through the company’s energy consumption) between 2019 and 2030, and a 62% reduction in the intensity of scope 3 emissions (mainly attributed to external logistics and suppliers) per every one million euros of revenues, also by 2030.

The established targets will guide the company to become carbon neutral by 2040 and to fulfil its commitments to international initiatives like the UN Global Compact’s 1.5ºC Business Ambition, which aims to cut global warming from 2ºC to 1.5ºC.

Tendam has been measuring its carbon footprint since 2011, and in 2020 achieved a 38% reduction in its CO2 emissions versus the previous year. Direct scope 1 and 2 emissions directly resulting from the company’s activity were reduced by 77% fundamentally thanks to the use of renewable energy. In 2019, scope 3 emission calculations were refined and expanded to include new categories and in 2020 scope 3 emissions were cut by 36% versus the previous year. 82% of the energy consumed in Tendam’s facilities worldwide comes from renewable sources with that percentage standing at 100% in Spain.

In 2019, Tendam began to extensively review emissions related to its supply chain – scope 3 emissions – based on conservative estimates and calculations intended to improve its impact on the climate thanks to a sustainable product policy across all its brands and a detailed assessment of the CO2 impact of its core materials, garments and processes. For this reason, 2019 was chosen as the benchmark year for determining science-based targets.

SBTi has validated that Tendam’s targets and its adherence to initiatives and collective goals like the UN’s Business Ambition for 1.5º are sound and its calculations are science-based.

Jaume Miquel, Chairman and CEO of Tendam said: “It is time for us, as citizens of the world, to espouse a new social contract with the planet. Our sector, the fashion industry, must seek to make the most positive impact possible, working individually and collectively for a more enduring, timeless fashion that treats the product, its materials and the environment in a more thoughtful, respectful way”

At the close of the first half of the year, Tendam was six months ahead of schedule on its sustainable product target, with 25% of all products qualifying as more responsible. Its new brands, which were launched in the first few months of 2021, boast collections comprising between 30% and 100% more sustainable products.

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