Lojas Riachuelo S.A. Sustainability Profile
Lojas Riachuelo S.A., commonly known as Riachuelo, is a prominent Brazilian retail chain headquartered in Natal, Brazil. Established in 1947, the company has grown to become a key player in the fashion and home goods industry, operating across various regions in Brazil. Riachuelo is renowned for its diverse range of products, including clothing, accessories, and home textiles, which are distinguished by their affordability and contemporary designs. With a commitment to quality and style, Riachuelo has successfully positioned itself as a leader in the Brazilian retail market. The company has achieved significant milestones, including the expansion of its store network and the introduction of exclusive fashion lines. Riachuelo continues to innovate, catering to the evolving tastes of consumers while maintaining a strong presence in the competitive retail landscape.
DitchCarbon Score
How does Lojas Riachuelo S.A.'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 Apparel Production 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
Lojas Riachuelo S.A.'s score of 50 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lojas Riachuelo S.A.'s reported carbon emissions
In 2023, Lojas Riachuelo S.A. reported total carbon emissions of approximately 28188450 kg CO2e for Scope 1, 9007000 kg CO2e for Scope 2, and 220363000 kg CO2e for Scope 3 emissions. This data reflects a comprehensive assessment of their carbon footprint across various operational activities, including business travel, employee commuting, and the use of sold products. The company has set ambitious targets to reduce emissions intensity by 36% by 2030 for both Scope 1 and Scope 2 emissions, starting from 2023. This commitment demonstrates Lojas Riachuelo's proactive approach to mitigating climate impact and aligns with industry standards for sustainability. Lojas Riachuelo's emissions data is cascaded from its parent company, Guararapes Confecções S.A., indicating a structured approach to environmental accountability within its corporate family. The company has disclosed emissions across all relevant scopes, showcasing transparency in its climate reporting. Overall, Lojas Riachuelo S.A. is actively working towards significant reductions in its carbon emissions, contributing to broader climate goals while maintaining operational integrity in Brazil.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 32,853,090 | 00,000,000 | 00,000,000 |
| Scope 2 | 29,984,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 220,138,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Lojas Riachuelo S.A.'s Industry?
How Carbon Intensive is Lojas Riachuelo S.A.'s Location?
Lojas Riachuelo S.A.'s Scope 3 Categories Breakdown
Lojas Riachuelo S.A.'s Scope 3 emissions, which increased by 11% last year and increased by approximately 0% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 57% of Scope 3 emissions.
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Lojas Riachuelo S.A.'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.
Lojas Riachuelo S.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
