Aldo Sustainability Profile
Aldo Group, commonly known as Aldo, is a prominent Canadian retailer headquartered in Montreal, Quebec. Established in 1972, the company has grown to become a leader in the footwear and accessories industry, with a significant presence across North America and Europe. Aldo is renowned for its stylish and affordable shoes, handbags, and accessories, catering to a diverse clientele. With a commitment to quality and design, Aldo offers unique products that blend contemporary fashion with comfort. The brand has achieved notable milestones, including the expansion of its retail footprint and the launch of sustainable initiatives aimed at reducing environmental impact. As a key player in the global fashion market, Aldo continues to innovate while maintaining its reputation for delivering trendy and accessible products.
DitchCarbon Score
How does Aldo's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Aldo's score of 39 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Aldo's reported carbon emissions
In 2022, The ALDO Group reported total greenhouse gas emissions of approximately 248,373,000 kg CO2e, which included 787,000 kg CO2e from Scope 1, 4,252,000 kg CO2e from Scope 2, and a significant 243,334,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 GHG emissions by 40% by 2030 from a 2016 base year. Additionally, ALDO is targeting a 30% reduction in Scope 3 emissions related to footwear manufacturing and materials per pair of shoes by the same year. More recently, ALDO has escalated its climate goals, committing to a 76.4% reduction in absolute Scope 1 and 2 emissions by FY2034, also from a 2016 base year. For Scope 3 emissions, the company aims for a 35% reduction by FY2034, using FY2022 as the baseline. These targets are aligned with the Science Based Targets initiative (SBTi) and are classified as consistent with keeping global warming well below 2°C, with some targets even aligned with a 1.5°C pathway. The ALDO Group's sustainability efforts reflect a proactive approach to addressing climate change within the textiles, apparel, footwear, and luxury goods sector, demonstrating a commitment to reducing its carbon footprint and enhancing environmental responsibility.
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| 2022 | |
|---|---|
| Scope 1 | 787,000 |
| Scope 2 | 4,252,000 |
| Scope 3 | 243,334,000 |
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Aldo's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Aldo has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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