Tendam is upgraded to A- by the Carbon Disclosure Project (CDP) for its progress on climate change

24 / Enero / 2022

Tendam is upgraded to A- by the Carbon Disclosure Project (CDP) for its progress on climate change

24 / Enero / 2022

This new upgrade reflects the company’s strategy in its ongoing efforts to reduce its CO2 emissions and minimise its climate impact.

Tendam, one of Europe’s leading groups in the specialised fashion sector, which includes the commercial brands Women’secret, Springfield, Cortefiel, Pedro del Hierro, Hoss Intropia, Slowlove, High Spirits and Fifty, has been recognised by the Carbon Disclosure Project (CDP), a global environmental non-profit organisation, with an A- rating, above the retail sector average (B-) and among the 25% of companies that have achieved Leadership in the sector. The result obtained consolidates Tendam as a company of reference in the fight against climate change and is a recognition of its environmental strategy.

Ignacio Sierra, Tendam’s Corporate General Manager highlighted that: “achieving this recognition is a significant endorsement of Tendam’s environmental sustainability strategy focused on decarbonising our operations by continuously improving energy efficiency, reducing the carbon footprint of its garments and processes and setting ambitious emission reduction targets in accordance with science-based objectives”.

CDP’s annual environmental rating and disclosure process is widely recognised as the most widely accepted standard for analysing corporate environmental transparency. Tendam was recognised in an independent and detailed analysis that takes into account issues such as awareness and management of climate change risks and how companies demonstrate best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

Tendam has developed initiatives that have enabled it to move up a level from the previous year thanks to, among other issues, the development of internal sustainability policies and the building of a map of responsibility for climate issues at a high level and across the organisation, as well as the setting of science-based emissions reduction targets to achieve carbon neutrality by 2040 and which have been approved by the Science Based Target (SBTi) initiative in 2021.

Thanks to these important advances, which are key for CDP when assessing it as a leading company in climate action, the company makes visible its efforts to integrate sustainability into its business strategy, collaborate with its stakeholders for mutual progress towards sustainable development, and achieve the commitments it has made to society and future generations.

 

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