British luxury fashion house Burberry to be climate positive by 2040

British luxury fashion house Burberry has announced its pledge to become climate positive by 2040, setting a new industry standard that goes further than its current 2040 net-zero target. To achieve this, Burberry will cut emissions across its extended supply chain by 46 per cent by 2030 and develop projects which support others in their own carbon journeys.

Burberry has also announced its support for the Fashion Avengers, a coalition of global fashion organisations that have come together to inspire action towards achieving the UN’s Sustainable Development Goals (SDGs), the company said in a press release.

“Burberry was built upon a desire to explore nature and the great outdoors and they have remained our inspiration for more than 150 years. Drawing on this heritage of exploration and driven by our creative spirit, today, we are setting a bold new ambition: to become climate positive by 2040. As a company, we are united by our passion for being a force for good in the world. By strengthening our commitment to sustainability, we are going further in helping protect our planet for generations to come,” said Marco Gobbetti, chief executive officer at Burberry.

To achieve its goal, Burberry will take action within its own value chain, guided by climate science. This includes accelerating its ambition to reduce emissions across its extended supply chain, aiming to reduce them by 46 per cent (from a previous target of 30 per cent) by 2030; becoming net-zero by 2040; and accelerating low-carbon future solutions and investing in nature-based projects with carbon benefits that restore and protect natural ecosystems and enhance the livelihoods of global communities through the Burberry Regeneration Fund.

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