How Chalhoub Group is paving the way to net-zero emissions by 2040

Chalhoub Group’s annual 2022 Sustainability Report outlines how the luxury retailer is paving the way for net zero emissions across its operations by 2040. The report announces the validation of 10-year science-based targets by Science Based Target Initiative (SBTi) to reduce the company’s carbon emissions.

The 2022 Sustainability Report highlights Chalhoub Group’s commitments across three key pillars including People, Planet, and Partners, while showcasing how the Group’s material Environmental, Social and Governance (ESG) topics integrate into its operations.

Achievements across the three key pillars include Chalhoub Group surpassing its Women in Leadership (WiL) Programme 2021 target for 30% of senior leadership positions to be held by women and has now set a new target of achieving 35% by 2024.

On the partners front, over 25% of Chalhoub Group’s supplier base has been assessed across United Nations Global Compact (UNGC) principles of transparency, labour and human rights, environment, and anti-corruption. Additionally, Chalhoub Group is prioritising nurturing ethical and responsible partnerships to achieve common sustainability goals and establishing a strong Group-wide Health and Safety management framework.

On the planet front, Chalhoub Group has committed to reducing absolute scope 1 and 2 GHG emissions 50.4% by 2032 from a 2021 base year; and to reducing absolute scope 3 GHG emissions, from purchased goods and services, upstream transport and distribution, upstream leased assets and investments, by 30% within the same timeframe. The report also explains how Chalhoub Group is paving the way to net-zero emissions across all its operations by 2040 in alignment with local and global targets. It sheds light on the Group’s efforts in expanding the business into the wellness market and introducing products, services and platforms based on principles of the circular economy.

On the Diversity, Equity, and Inclusion front the Group’s unwavering commitment is translated through promoting gender balance as well as creating a welcoming environment for People of Determination (PoD). Today the Group employs 18 People of Determination across its operations and plans to launch PoD internship programme in UAE with a view of expanding to KSA in 2024.

“We have taken a significant step towards achieving the objectives of our Chalhoub Impact framework by strengthening the integration of Environmental, Social and Governance (ESG) principles into our business model. In 2022, our primary focus was paving the way towards being a Net Zero Group by 2040, in line with our commitment to tackling climate change. We also ensured that our 10-year carbon reduction targets have been validated by SBTi, which will accelerate the Group’s electrification and operational efficiency efforts,” stated Florence Bulte, Chief Sustainability Officer, Chalhoub Group.