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 over 300 stores across major regions in Brazil. Riachuelo is renowned for its diverse range of products, including clothing, accessories, and home decor, catering to various demographics with a focus on affordability and style. The brand has achieved significant milestones, including the launch of its own private label collections, which set it apart in a competitive market. Riachuelo's commitment to sustainability and innovation has further solidified its position as a leader in the retail sector, making it a go-to destination for fashion-conscious consumers seeking quality and value.
How does Lojas Riachuelo S Slash 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.
Mean score of companies in the 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.
Lojas Riachuelo S Slash A's score of 30 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lojas Riachuelo S/A, headquartered in Brazil, has set ambitious climate commitments aimed at significantly reducing its greenhouse gas (GHG) emissions. Although specific emissions data for the most recent year is not available, the company has established clear reduction targets for the future. By 2030, Lojas Riachuelo S/A aims to achieve a 46.2% reduction in absolute Scope 1 and Scope 2 GHG emissions from a 2019 baseline. This commitment includes a transition to 100% renewable electricity sourcing, up from 37% in 2019. Additionally, the company plans to reduce Scope 3 emissions from purchased goods and services by 55% per piece of apparel and footwear, also based on 2019 levels. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. Lojas Riachuelo S/A's proactive approach reflects its commitment to sustainability within the textiles, apparel, and footwear sector, positioning the company as a responsible player in the fight against climate change.
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.
Lojas Riachuelo S Slash A 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.