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Kingfisher has teamed up with other home improvement companies in an effort to aid the industry in lowering its Scope 3 greenhouse gas emissions.
The news comes after EDRA/GHIN, the global trade bodies for home improvement retailers, launched a new collaborative taskforce to reduce the sector’s emissions that come from retailers’ supply chains and from how their customers use the products they buy in their homes.
Adeo, Bunnings, Cainz, The Home Depot, and Hornbach are among the other participants in the task force that Kingfisher has joined.
According to EDRA/GHIN, Scope 3 greenhouse gas emissions make up more than 90% of their overall emissions and are the “most important and most difficult to address, as they fall outside of retailers’ direct operational control”.
The EDRA/GHIN Scope 3 taskforce will aim to address this challenge by “agreeing to more consistent methodologies in how carbon data is treated through the supply chain and sharing best practices in both the reporting and, most importantly, accelerating the home improvement sector’s progress in reducing Scope 3 emissions”.
EDRA/GHIN members will also be talking to their suppliers, on a pre-competitive basis, to see how they can “encourage innovation and work towards a more circular and carbon efficient economy”.
Thierry Garnier, president of EDRA/GHIN and group CEO of Kingfisher, said: “As retailers, reducing emissions in how our products are made and used is our biggest challenge. But it’s also an opportunity. Many of the products we sell help customers afford to create better homes that are more resource efficient, using less energy and water.
“While a number of EDRA/GHIN members have been working on measuring and addressing their Scope 3 impacts in their own businesses, it is a highly complex area with many shared challenges. By coming together, hopefully we can find more consistent, simpler ways to drive down our emissions. I invite home improvement retailers from around the world to join us in this new taskforce.”
