Chanel
Chanel, officially known as Chanel S.A., is a prestigious French luxury fashion house headquartered in London, GB. Founded in 1910 by the iconic designer Coco Chanel, the brand has become synonymous with elegance and innovation in the fashion industry. Chanel operates primarily in the luxury goods sector, focusing on haute couture, ready-to-wear apparel, accessories, and fragrances. Renowned for its timeless products, such as the classic Chanel No. 5 perfume and the iconic Chanel 2.55 handbag, the brand stands out for its commitment to quality and craftsmanship. With a strong market position, Chanel has achieved notable milestones, including the introduction of the first luxury ready-to-wear collection in the 1980s. Today, Chanel continues to influence global fashion trends while maintaining its legacy of sophistication and style.
DitchCarbon Score
How does Chanel'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
Chanel's score of 44 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chanel's reported carbon emissions
In 2023, Chanel reported total carbon emissions of approximately 1,235,661,000 kg CO2e, with emissions distributed across various scopes: 24,365,000 kg CO2e from Scope 1, 25,211,000 kg CO2e from Scope 2, and a significant 1,023,284,000 kg CO2e from Scope 3. This reflects a commitment to transparency in their emissions reporting, which includes all relevant scopes. Chanel has set ambitious climate targets, aiming to achieve a 50% reduction in absolute Scope 1 and 2 emissions by 2030, using a 2021 baseline. Additionally, they plan to reduce absolute Scope 3 emissions by 42% within the same timeframe. Long-term goals include a 90% reduction in both Scope 1 and 2 emissions by 2040, alongside a similar 90% reduction in Scope 3 emissions. The company is also committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2040. This commitment aligns with the Paris Agreement's goals, as Chanel strives to limit global temperature increases to 1.5°C above pre-industrial levels. Chanel's initiatives include a focus on reducing emissions associated with corporate buildings, industrial sites, and logistics facilities, with a target to halve these emissions by 2030 from a 2015 baseline of approximately 40,000,000 kg CO2e per year. Furthermore, they have pledged to eliminate deforestation linked to their primary commodities by 2025. Overall, Chanel's climate commitments reflect a proactive approach to sustainability, aiming for significant reductions in carbon emissions while contributing to global climate goals.
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| 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | - | 00,000,000 | 00,000,000 | - | 00,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | - | 00,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Chanel is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
