Asos

ASOS's Climate Commitments and Carbon Emissions Summary:

ASOS plc, a wearing apparel and furs company headquartered in GB, has established robust climate commitments focused on achieving net-zero emissions across its value chain.

Carbon Emissions Data:

• 2023: ASOS reported Scope 1 emissions of 2,785,000 kg CO2e from stationary combustion and Scope 2 emissions of 2,896,000 kg CO2e from purchased electricity. The total market-based Scope 1 and 2 emissions for 2023 were approximately 5,681,000 kg CO2e.
• 2022: Total Scope 1 and 2 emissions were approximately 6,211,000 kg CO2e (market-based). Scope 1 emissions amounted to about 3,351,000 kg CO2e from stationary combustion, and Scope 2 emissions were approximately 2,860,000 kg CO2e from purchased electricity. Scope 3 emissions for this year totalled approximately 1,738,708,000 kg CO2e.
• 2021: The company reported total emissions of approximately 1,506,834,000 kg CO2e (this figure appears to represent Scope 3 emissions as per the breakdown provided, and the overall total might be different). Scope 1 emissions were around 3,596,000 kg CO2e, and Scope 2 (market-based) emissions were approximately 3,150,000 kg CO2e. Major contributors to Scope 3 emissions included purchased goods and services (approximately 908,377,000 kg CO2e) and upstream transportation and distribution (approximately 215,192,000 kg CO2e).
• 2020: Total emissions were approximately 14,062,000 kg CO2e. Scope 1 emissions were about 3,177,000 kg CO2e, and Scope 2 (market-based) emissions were approximately 6,496,000 kg CO2e. Scope 3 emissions were approximately 222,380,000 kg CO2e.
• 2019: Total emissions were approximately 26,823,900 kg CO2e. Scope 1 emissions were about 3,279,000 kg CO2e, and Scope 2 (market-based) emissions were approximately 9,202,000 kg CO2e. Scope 3 emissions were approximately 25,575,800 kg CO2e.
• 2018: Total reported emissions were approximately 23,700,100 kg CO2e. Detailed scope breakdowns were not available for this year.
• 2017 & 2016: Total reported emissions were approximately 26,489,500 kg CO2e and 20,765,000 kg CO2e respectively. Detailed scope breakdowns were not available for these years.

Climate Commitments and Reduction Targets:

ASOS is committed to ambitious climate action, with key targets including:

• Net Zero by 2030: ASOS aims to achieve net-zero carbon emissions across its entire value chain by 2030.
• Carbon Neutrality by 2025: The company aims to be carbon neutral in its direct operations (offices, fulfilment centres, deliveries, and returns) from 2025.
• Science-Based Targets: ASOS has committed to Science Based Targets (SBTs) aligned with a 1.5°C pathway. These include:
  • Reducing absolute Scope 1 and 2 GHG emissions by 87% per thousand orders fulfilled by FY2030/31 from a FY2018/19 base year.
  • Increasing annual sourcing of renewable electricity from 12% in FY2018/19 to 100% by FY2025/26.
  • Reducing absolute Scope 3 GHG emissions from purchased goods and services and upstream transportation and distribution by 58.2% on a per million pound value by FY2030/31 from a FY2018/19 base year.
  • Ensuring that 66% of its suppliers by emissions covering purchased goods and services will have set SBTs by FY2025/26.
• Net-Zero by 2050: More recently, ASOS has committed to reaching net-zero greenhouse gas emissions across its value chain by FY2050. This includes near-term targets to reduce absolute Scope 1 and 2 GHG emissions by 45% by FY2030 from a FY2022 base year, and absolute Scope 3 GHG emissions from purchased goods and services and upstream transportation and distribution by 42% by FY2030 from a FY2022 base year. Long-term targets involve reducing absolute Scope 1 and 2 GHG emissions by 90% by FY2050 from a FY2022 base year, with a similar 90% reduction commitment for Scope 3 emissions.

ASOS's approach integrates emissions reduction with a commitment to transparency and science-based goals within the fashion industry.