Collaborating with Supply Chain for a Low-Emissions Future
- Kingfisher sets new decarbonisation targets to combat climate change
- Vendors will work towards SBTi-aligned roadmaps and targets based on their impact on Kingfisher’s Scope 3 emissions
- Manufacture 2030 to support vendors in understanding and achieving targets
- Vendor manufacturing accounts for around 20% of Scope 3 emissions within Kingfisher’s sphere of influence
Kingfisher has unveiled new decarbonisation targets for its vendors as part of its efforts to reduce Scope 3 emissions. The company and its suppliers will work towards three levels of common target, depending on their impact on Kingfisher’s Scope 3 emissions. By 2028, the top 100 vendors by emissions will create a Science Based Targets initiative (SBTi) aligned roadmap and decarbonisation target, while the next 450 vendors will have one by 2030, with the remaining vendors setting a climate reduction plan by the same year. Kingfisher CEO Thierry Garnier emphasized the importance of supply chain collaboration to tackle climate change, stating that vendor manufacturing accounts for around 20% of Scope 3 emissions within the company’s sphere of influence. Manufacture 2030 will support vendors in understanding their emissions and building roadmaps to achieve their targets.
Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about Kingfisher’s vendor decarbonisation targets and its collaboration with Manufacture 2030 to reduce Scope 3 emissions. It also includes a quote from the CEO, Thierry Garnier, which adds credibility to the report. However, there is some irrelevant information at the end about Currys’ strategic expansion, which is not directly related to the main topic.
Noise Level: 3
Noise Justification: The article provides relevant information about Kingfisher’s efforts to reduce Scope 3 emissions and collaborate with vendors on decarbonisation targets. It also mentions the use of Manufacture 2030 platform for data support. However, it briefly diverts into unrelated information about Currys’ strategic expansion without any clear connection or relevance.
Financial Relevance: Yes
Financial Markets Impacted: Kingfisher and its vendors
Financial Rating Justification: The article discusses Kingfisher’s efforts to reduce Scope 3 emissions through collaborations with vendors, which can impact the company’s financial performance and potentially affect the financial markets due to increasing environmental awareness and sustainability concerns among investors.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
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