FRANCE. Lagardère Travel Retail has reached a key milestone in its ESG journey, with its greenhouse gas emissions reduction targets officially validated by the Science Based Targets initiative (SBTi).
The approval demonstrates that the company’s commitments to meet the most stringent scientific criteria to limit global warming to 1.5°C, reinforcing the credibility and ambition of its decarbonisation strategy.
This achievement also bolsters the retailer’s dedication to lowering greenhouse gas emissions throughout its entire supply chain:
- Lagardère Travel Retail commits to reducing its direct greenhouse gas emissions (scope 1 and 2) -42% by 2030 from a 2024 base year.
- Lagardère Travel Retail also commits to reducing its indirect greenhouse gas emissions (scope 3) -25% within the same timeframe.
These goals meet the latest SBTi requirements, regarded as one of the most rigorous standards for corporate climate commitments.
Lagardère Travel Retail’s CSR strategy, built around four pillars (Planet, Ethics, People, Social – also known as PEPS), is underpinned by measurable targets and impactful actions to cut carbon emissions, ensure ethical business practices, support its people and engage with local communities.
These initiatives are being actively implemented across the company’s operations and in collaboration with its partners, reflecting a shared commitment to driving change in the travel retail industry.
SBTi’s approval supports Lagardère Travel Retail in accelerating climate action, leading by example and delivering on its sustainability commitments.
Lagardère Travel Retail CEO Frédéric Chevalier said, “This validation by the SBTi confirms the strength and ambition of our climate strategy.
“At Lagardère Travel Retail, we are committed to taking a leadership role in the sustainable transformation of our industry, embedding environmental responsibility at the heart of our growth model.
“It is a firm commitment, essential to securing a more sustainable operations for our customers, partners, brand partners and future generations.”
Lagardère Travel Retail Regional COO Europe & CSR Officer Lucio Rossetto added, “We are making concrete progress on our roadmap, and the SBTi’s validation is an important milestone in our decarbonisation journey.
“Through a rigorous and collaborative approach, we are implementing tangible actions that reduce our environmental impact while engaging all our stakeholders.” ✈
