Lojas Renner

Lojas Renner, operating in the Retail trade services sector in Brazil, has established significant climate commitments. The company aims for Net Zero emissions by 2050, with a further ambition for Net Zero across all scopes (1, 2, and 3) by 2040.

For the 2023 reporting year, Lojas Renner reported total emissions of approximately 342.8 million kg CO2e, comprising:

• Scope 1: Approximately 4.6 million kg CO2e.
• Scope 2: Approximately 8.9 million kg CO2e (location-based).
• Scope 3: Approximately 334.2 million kg CO2e, with purchased goods and services being the largest contributor at approximately 282.6 million kg CO2e.

Looking back, Lojas Renner reported approximately 346.4 million kg CO2e in 2022 and 363.5 million kg CO2e in 2021.

The company is committed to ambitious emissions reduction targets, aligned with the Science Based Targets initiative (SBTi). Key targets include:

• A 46.2% reduction in absolute Scope 1 and 2 emissions by 2030, against a 2019 baseline.
• A reduction of 55% in Scope 3 GHG emissions from purchased goods and services per product purchased by 2030, from a 2019 baseline. In some SBTi reporting, this target is stated as 75% reduction per piece of apparel and footwear.
• A commitment to source 100% renewable electricity annually through 2030.
• For the long term, Lojas Renner aims for a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2050, and a 90% reduction in absolute Scope 3 emissions from purchased goods and services, upstream transportation and distribution, business travel, and employee commuting within the same timeframe.