CHANEL publishes new sustainability plan

CHANEL publishes new sustainability plan

CHANEL has launched its commitment to tackle climate change with CHANEL Mission 1.5°, in line with the ambitious targets of the 2015 Paris Climate Agreement, aimed at limiting mean global temperature increases to 1.5° Celsius.

CHANEL Mission 1.5° will see the company reduce its carbon footprint and that of its supply chain, while also taking action outside of its own business activities to help accelerate the transition to a lower carbon world.

To this end, CHANEL has made four commitments for the decade ahead, joining leading companies in the world that are taking ambitious measures to tackle climate change.

Reducing CHANEL’s carbon footprint across its own operations and its entire supply chain to meet Science-Based Targets

• Reduce emissions across CHANEL operations by 50% by 2030, equivalent to a 66% reduction per unit sold, and reduce supply chain emissions by 40% per unit sold by 2030, compared to 2018. To meet these reductions, CHANEL will further strengthen its long-standing approach to the responsible sourcing and production of natural raw materials, while also continuously revisiting the way it designs, manufactures, transports and distributes its products. This journey will require close partnerships with CHANEL’s suppliers.

Shifting to 100% renewable electricity on a worldwide basis by 2025

• CHANEL pledges to transition to 100% renewable electricity for its owned operations by 2025 and has joined the RE100 coalition, a group of influential businesses committed to the use of renewable electricity. Globally, as of 2019, CHANEL already sourced 41% of its electricity from renewable sources and expects this to increase to 97% by 2021.

Balancing residual carbon emissions

• Balance: while CHANEL is focused on decarbonising its operations and value chain, the company is also committed to taking action outside of its own business activities in order to balance its residual carbon emissions. The company is doing this by investing in nature-based solutions, such as projects to protect and restore forests, mangroves and peatlands. CHANEL only supports projects which follow the International Carbon Reduction and Offset Alliance (ICROA) principles, and those that are certified to the highest carbon, biodiversity and community standards (such as VCS and CCBA). Such initiatives already serve to avoid and remove carbon emissions at least equal to the company’s entire carbon footprint, with the company reaching carbon neutrality in 2019.

Financing climate change adaptation

• Adapt: finance projects that enable vulnerable communities to adapt to the impacts of climate change with the objective of reducing smallholder farmers’ and entrepreneurs’ vulnerability while also building resilient raw material supply chains, both outside and within our value chain. As an example, CHANEL supports initiatives such as the Landscape Resilience Fund, one of the winners of the Global Environmental Facility (GEF) Challenge programme for adaptation innovation.

To implement these broad commitments in its own supply chain, CHANEL is also investing in new technologies and start-ups, particularly in the field of raw materials and packaging, as well as in scientific climate-research.

Andrea d’Avack, Chief Sustainability Officer at CHANEL, said:

“The climate crisis represents the biggest issue of our age and demands urgent action to reduce negative environmental impacts and drive broader change. It is our conviction that businesses have a clear role to play, alongside governments and civil society, to help protect the world’s most vulnerable communities and ecosystems from the consequences of climate change. With today’s announcement, CHANEL has made a clearcommitment to accelerate the move to a lower carbon economy. CHANEL Mission 1.5° is embedded in our long- term vision, and reflects our ambitions to play our part in facing humanity’s biggest challenge and enroll the future of our company in a more sustainable world.”