Holt Renfrew, often referred to simply as Holt's, is a prestigious Canadian luxury department store chain headquartered in Toronto, Ontario. Established in 1837, it has evolved into a leading player in the retail industry, primarily serving the high-end fashion market across major Canadian cities, including Vancouver, Calgary, and Montreal. Specialising in luxury apparel, accessories, and beauty products, Holt Renfrew offers an exclusive selection of renowned international brands alongside unique Canadian designers. Its commitment to exceptional customer service and a curated shopping experience sets it apart in the competitive luxury retail landscape. With a rich history and a reputation for excellence, Holt Renfrew continues to solidify its market position as a premier destination for discerning shoppers seeking quality and sophistication.
How does Holt Renfrew'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.
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.
Holt Renfrew's score of 12 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Holt Renfrew, headquartered in Canada, has set ambitious climate commitments to address its carbon emissions. Although specific emissions data for the most recent year is not available, the company has established significant reduction targets. Holt Renfrew aims to reduce its absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 65% by 2030, using 2019 as the baseline year. Additionally, the company is committed to a 28% reduction in absolute Scope 3 emissions by the same year. To further enhance its sustainability efforts, Holt Renfrew has pledged that by 2025, 67% of its suppliers—based on spend from purchased goods and services, as well as upstream and downstream transportation—will have science-based targets in place. These commitments align with industry standards aimed at limiting global warming to 1.5°C, reflecting Holt Renfrew's dedication to reducing its environmental impact and promoting sustainable practices within its supply chain.
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.
Holt Renfrew is committed to some reduction initiatives 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.