Lagardère Travel Retail SAS Sustainability Profile
Lagardère Travel Retail SAS, a prominent player in the travel retail industry, is headquartered in France and operates extensively across Europe, Asia, and the Americas. Founded in 1996, the company has established itself as a leader in providing innovative retail solutions for airports, railway stations, and other travel hubs. Specialising in duty-free and travel retail, Lagardère Travel Retail offers a diverse range of products, including luxury goods, cosmetics, and gourmet food. Their unique approach combines global brands with local offerings, catering to the diverse needs of travellers. With a strong market position, Lagardère Travel Retail has achieved significant milestones, including numerous awards for excellence in customer service and retail innovation. Their commitment to enhancing the travel experience sets them apart in a competitive landscape.
DitchCarbon Score
How does Lagardère Travel Retail SAS'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 Real Estate 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
Lagardère Travel Retail SAS's score of 60 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lagardère Travel Retail SAS, headquartered in France, has set ambitious climate commitments aimed at significantly reducing its carbon emissions. Although specific emissions data for the most recent year is not available, the company has established science-based targets through the Science Based Targets initiative (SBTi). From 2024 to 2030, Lagardère Travel Retail aims to achieve a 42% reduction in absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions. Additionally, the company is committed to reducing absolute Scope 3 emissions from purchased goods and services, capital goods, fuel and energy-related activities, upstream transportation and distribution, and waste generated in operations by 25% within the same timeframe. Furthermore, it targets a 42% reduction in Scope 3 emissions related to the use of sold products for sold fossil fuels and a 30.3% reduction in FLAG (Forest, Land, and Agriculture) emissions. These targets are aligned with the goal of limiting global warming to 1.5°C, demonstrating Lagardère Travel Retail's commitment to sustainability and responsible business practices. The emissions reduction targets are cascaded from the parent company, Lagardère SA, which is part of a broader corporate family strategy to address climate change. Overall, Lagardère Travel Retail SAS is taking significant steps towards reducing its carbon footprint and contributing to a more sustainable future in the retail sector.
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| 2012 | 2013 | 2014 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 5,705,430 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,693,460 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 14,443,830 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 |
How Carbon Intensive is Lagardère Travel Retail SAS's Industry?
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Lagardère Travel Retail SAS's Scope 3 Categories Breakdown
Lagardère Travel Retail SAS's Scope 3 emissions, which increased significantly last year and increased significantly since 2012, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 69% of Scope 3 emissions.
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Lagardère Travel Retail SAS'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.
Lagardère Travel Retail SAS 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.
