US' Foot Locker to achieve net zero GHG emissions by 2050

As the company looks to fiscal 2022 and beyond, it is committed to building on this progress and strengthening its vision for a more sustainable world. Answering the call to limit the global temperature rise to 1.5°C, as well as feedback from stakeholders, the company commits to setting a science-based target in line with the criteria established by the Science Based Target initiative (SBTi). The company will report its progress against certain metrics regarding its GHG emissions annually in its Impact Report, and is aligned with the reporting disclosure guidance of the Sustainability Accounting Standards Board (SASB) industry standards and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. The company expects to publish its next Impact Report in fall 2022, the company said in a press release.

“Foot Locker is committed to helping our planet remain a sustainable home for current and future generations. Unabated climate change presents risks for our business, industry, and society, but through climate stewardship, we may unlock opportunities to innovate and strengthen our relationships with our customers and the communities we serve,” Richard A. Johnson, chairman and chief executive officer, said in a statement.

With approximately 3,000 retail stores in 28 countries across North America, Europe, Asia, Australia, and New Zealand as well as websites and mobile apps, the company’s purpose is to inspire and empower youth culture around the world, by fuelling a shared passion for self-expression and creating unrivalled experiences at the heart of the global sneaker community.

Fibre2Fashion News Desk (GK)