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 35 is higher than 58% 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 251,000,450 kg CO2e, comprising 28,188,450 kg CO2e from Scope 1, 9,007,000 kg CO2e from Scope 2, and a significant 220,363,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions include various categories such as purchased goods and services (approximately 125,874,000 kg CO2e), upstream transportation and distribution (about 63,526,000 kg CO2e), and waste generated in operations (around 4,014,000 kg CO2e). Comparatively, in 2022, the company emitted approximately 27,210,630 kg CO2e in Scope 1, 10,517,000 kg CO2e in Scope 2, and 199,139,000 kg CO2e in Scope 3, indicating a slight increase in total emissions year-on-year. The 2021 data shows similar trends, with total emissions of about 25,000,090 kg CO2e from Scope 1, 29,984,000 kg CO2e from Scope 2, and 220,138,000 kg CO2e from Scope 3. Lojas Riachuelo S.A. does not currently have specific reduction targets or climate pledges disclosed, and their emissions data is cascaded from their parent company, Guararapes Confecções S.A. This relationship indicates that while Lojas Riachuelo S.A. is actively reporting its emissions, it may align its climate strategies with broader corporate initiatives from its parent organisation. Overall, Lojas Riachuelo S.A. is committed to transparency in its emissions reporting, covering all relevant scopes, but lacks defined reduction initiatives at this time.
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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?
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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.
